EnergyWatch

Siemens Gamesa books major deficit due to Covid-19

The wind turbine manufacturer expects to make a profit ratio of 3-5 percent off next year's operating earnings following a miserable conclusion to this fiscal year that ends in a major deficit. Covid-19 has cut almost a billion euros off revenue, the company reports.

Photo: PR Siemens Gamesa

What does it actually mean when something is said to be "challenging"?

Technically, this could apply to everything from art, social media memes on youth antics like pouring ice water over each other. Otherwise the term could – as in the case of Siemens Gamesa – be used in the official headline for a financial year that ended in a deficit of EUR 918 million.

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