Siemens Energy Sees Long Way to Profit After Government Deal
- Gamesa wind unit expected not to break even until fiscal 2026
- Government-led deal key to secure financing for bigger orders
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Siemens Energy AG is laying out a path to return to profit but it will take time.
Ongoing problems at its Gamesa wind subsidiary will drive another operating loss this fiscal year, despite profits in other business lines, and the unit won’t break even until 2026, the company said Wednesday.