siemens energy ag said wednesday that it swung to a profit in the fourth quarter of its fiscal year and that it expects net loss to reduce in fiscal 2023 but wont propose a dividend due to current and future challenges the german energy company reported an aftertax profit of 378 million euros 3917 million compared with a loss of eur383 million for the same period a year ago revenue rose roughly 6 on year to eur918 billion while orders increased 27 to eur1223 billion siemens gamesa said that it registered strong demand at its gasandpower segment countered by operational problems at siemens gamesa renewable energy sa in the period the company expects a sharp reduction of net loss in fiscal 2023 compared with fiscal 2022 when it booked a loss of eur647 million it also expects comparable revenue growth excluding currency translation and portfolio effects of between 37 in fiscal 2023 from negative 25 in fiscal 2022 profit margin before special items is seen at 2 to 4 from 12 in fiscal 2022 high inflation material costs and supply chain issues will not go away in this coming year chief financial officer maria ferraro said free cash flow before taxes is expected in a negative range of lowtomid tripledigit million according to the company