HUTCHINSON, Kan. — The pandemic continued to eat away at the bottom line for Siemens Gamesa as the wind turbine giant released its 4Q and year end reports overnight Wednesday.
The company reported a net loss for the quarter of $133 million and a fiscal year loss of $1.08 billion.
Total revenue was back in the positive numbers for the quarter at $3.07 billion after taking a loss in the third quarter. Despite the challenges with the pandemic the company still has a large order book with a record order intake of $15.6 million year over year and a total order book of more than $35 billion for the future.
The FY20 results reflect the continuing slowdown in the Indian market and cost overruns on project execution in Northern Europe, all accentuated by the impact of Covid-19.
SG employs about 400 workers at the Hutchinson nacelle facility.