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Siemens Gamesa Renewable Energy SA (SGREN.MC)

SGREN.MC on Madrid SE C.A.T.S.

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23 Feb 2018
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Thu, Feb 15 2018

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Siemens Gamesa to cut costs by 2 billion euros by 2020

MADRID Siemens Gamesa , the world's No.2 maker of wind turbines, said on Thursday it would reduce costs by about 2 billion euros ($2.50 billion) by 2020 to boost margins following two profit warnings.

Chasing Vestas, Siemens Gamesa targets $2.5 billion in cost cuts

MADRID/FRANKFURT The world's No. 2 maker of wind turbines, Siemens Gamesa , flagged 2 billion euros (1.78 billion pounds) in cost cuts by 2020, hoping to close a margin gap with bigger rival Vestas .

UPDATE 2-Chasing Vestas, Siemens Gamesa targets $2.5 bln in cost cuts

* Shares up 2.4 pct (Recasts, adds CEO comment, details on strategy)

Siemens Gamesa to cut costs by 2 billion euros by 2020

MADRID/FRANKFURT Siemens Gamesa, the world's No.2 maker of wind turbines on Thursday it would reduce costs by about 2 billion euros (£1.78 billion) by 2020, hoping this will help it narrow a margin gap with larger rival Vestas.

Siemens Gamesa posts strong new orders as key markets recover

FRANKFURT Siemens Gamesa , the world's No.2 maker of wind turbines, on Tuesday reported a strong increase in new orders in the first quarter, helped by a pickup in demand in key markets such as India and the United States.

UPDATE 1-Siemens Gamesa posts strong new orders as key markets recover

* Shares up 5.8 pct, leading Spain's IBEX index (Recasts, adds details on U.S., Indian market, CEO comment)

Nordex and Siemens-Gamesa vie for major Brazilian wind farm contracts

SAO PAULO, Dec 27 Wind turbine makers Nordex SE and Siemens Gamesa Renewable Energy SA are vying for contracts with companies that won major auctions last week to build new wind farms in Brazil, two people with knowledge of the matter said.

UPDATE 1-Vattenfall places large offshore wind power order with Siemens Gamesa

* Vattenfall aims for 7 gigawatts (GW) wind capacity by 2025 (Adds detail, context)

Vattenfall places large offshore wind power order with Siemens Gamesa

FRANKFURT, Nov 28 Sweden's state-owned Vattenfall has sealed an offshore wind turbine deal with Siemens Gamesa involving 113 turbines to be delivered for installation at three Danish projects with a total power capacity of 950 megawatt (MW), it said on Tuesday.

Siemens to cut 6,900 jobs to tackle flailing turbines business

FRANKFURT Siemens will cut about 6,900 jobs, or close to 2 percent of its global workforce, mainly at its power and gas division, which has been hit by the rapid growth of renewables.

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