Ángel Pérez Llamazares (Renta 4) | In Q219 results we saw how Siemens-Gamesa (SGRE) secured a portfolio in maximums of 23.6 M€, offering elevated medium term visibility, and allowing the lower limited of sales guidance to be covered 100%.
Renta 4 | Siemens Gamesa (SGRE) has closed the first quarter of the year (Q119) with an increase of 40% in net income, up to 49 M€, between January and March 2019, which for Siemens is the second in their financial year. The company has earned 49 M€. Operational income remains at 178 M€, in line with expectations, even if with a fall of 6% compared to last year.
Link Securities | The Spanish-German company Siemens Gamesa (SGRE) has signed a framework agreement with Eolien Maritime France (EMF) (constituted by EDF Renewables and Enbridge), through its French subsidiary Siemens Gamesa Renewable Energies SAS.
Alphavalue | The perspective for Siemens Gamesa presumably seems brilliant offshore, given that the industry is now focused on the high sea. Aerogenerator makers declined significantly in 2017 due to the system of auctions in almost all markets, which put pressure on prices in the whole supply chain.
José Benito de Vega | Since the beginning of 2017 Siemens Gamesa (SGRE) shares have performed poorly, falling -20% compared to -1% for the Ibex 35. This is even clearer compared to the maximums of May 2017 since when they have fallen -40% (-11% Ibex 35).
At Siemens Gamesa’s AGM last Friday both the CEO Marcus Tacke, and chairwoman Rose García insisted that there is “no doubt” that Spain will remain the company’s “seat of power.”
Yesterday, SiemensGamesa presented its strategic plan to 2020, baptised L3AD2020. The new strategy is centred on cost savings of 2 billion euros which will allow it recover margins (EBIT/sales) to around the 8/10% level.
Basque wind turbine manufacturer Siemens Gamesa will supply the turbines for Cepsa’s first wind farm in Jerez de la Frontera (Cádiz), the company said on Tuesday.