Backlog Price DilutionA large existing order backlog includes older, lower-priced units that will be mixed into deliveries, limiting how much current price gains translate into reported revenue and margins.
Framework Agreement And Delivery Timing RiskMany new gas turbine orders are tied to framework agreements that can take time to close and may postpone revenue realization, increasing uncertainty around shipment timing.
Wind Segment Losses And Contract RiskCharges from a pause in offshore wind development and losses in the Wind segment have pressured profitability, raising the risk of further earnings hits until contract issues are resolved.