Siemens Gamesa Renewable Energy SA (SGREN.MC)
21 Feb 2018
Thu, Feb 15 2018
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.
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 .
* Shares up 2.4 pct (Recasts, adds CEO comment, details on strategy)
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.
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.
* Shares up 5.8 pct, leading Spain's IBEX index (Recasts, adds details on U.S., Indian market, CEO comment)
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.
* Vattenfall aims for 7 gigawatts (GW) wind capacity by 2025 (Adds detail, context)
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.
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.