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Siemens Gamesa CEO Reiterates FY EBIT Margin Guidance Will Be In The Low End
Siemens Gamesa Wins Order For 200 MW Supply Of Its 4.X Platform In China
Siemens Gamesa Gets Firm Order To Supply Wind Turbines In The Netherlands
Siemens Gamesa Renewable Energy SA, formerly Gamesa Corporacion Tecnologica SA, is a Spain-based company engaged in the renewable energy equipment manufacture. The Company specializes in the promotion and development of wind farms, as well as the engineering, design, production and sale of wind turbines. Its activities are divided into two business segments: Wind Turbines and Operation and maintenance (O&M). The Wind Turbines division offers wind turbines for various pitch and speed technology, as well as provides development, construction and sale of energy plants. The O&M division is responsible for the management, monitoring and maintenance of wind farms. In addition, through Gamesa Electric, the Company develops electronic equipment, such as power station inverters, electrical system components, motors and generators, as well as drives and converters. It operates through numerous subsidiaries in Spain, Brazil, Mexico, India, China and the United States, among others.
Misc. Capital Goods
Parque Tecnologico de Bizkaia
Miguel Angel Lopez
Chairman of the Board
Chief Executive Officer, Executive Director
David Mesonero Molina
Chief Financial Officer
Service Chief Executive Officer
Chief Executive Officer, New Onshore Business
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Wind turbine maker Siemens Gamesa <SGREN.MC> said on Thursday it will lay off up to 600 staff in Denmark as it grapples with price declines in a challenging market.
Insolvent German wind turbine manufacturer Senvion <SENG.DE> on Monday agreed on exclusive talks with Siemens Gamesa <SGREN.MC> over the sale of a substantial part of its business.
Shares in wind turbine maker Siemens Gamesa <SGREN.MC> plunged as much as 14% on Tuesday after it trimmed its full-year profitability guidance and reported a third-quarter margin well below its target range on low wind prices.
Japan's Toshiba, Siemens unit Gamesa and buyout groups such as Blackstone are interested in buying insolvent German wind turbine maker Senvion, German Manager Magazine said on Tuesday, citing sources close to talks.
Siemens is spinning off its gas and power business, which has dragged on the German engineering firm's performance as the rise of renewable power hits demand for gas turbines.
Siemens Gamesa expects its project pipeline for building more windfarms in the second half of the year to bolster faltering profitability, the chief executive of the Spain-based turbine maker said on Tuesday.
Wind turbine maker Siemens Gamesa signed a 69 million euro ($78.4 million) contract on Tuesday to supply Bosnia's biggest power utility EPBiH with wind turbines for a future 48 megawatt (MW) wind farm.
Wind turbine maker Siemens Gamesa forecast better profitability and said prices were stabilising on Tuesday, sending its shares as much as 9 percent higher.
Siemens Gamesa <SGREN.MC> sold more turbines in the fourth quarter and said sales would rise by at least 10 percent next year, setting a high bar for main rival Vestas <VWS.CO> who is due to report quarterly results on Wednesday.
Wind turbine maker Siemens Gamesa will build an assembly plant in Taiwan if it gets a firm order from Denmark's Orsted to supply its 900-megawatt Greater Changhua offshore wind farm, the German-Spanish company said on Monday.
Wind turbine maker Siemens Gamesa <SGREN.MC> announced a reshuffle of its top management on Tuesday, part of a bid to advance an ambitious cost-saving plan after a year-long board battle over issues ranging from suppliers to leadership.
Siemens Gamesa's <SGREN.MC> top shareholders have agreed to name a new chief financial officer at the world's largest wind turbine maker in a bid to end a one-year board battle, two sources with knowledge of the matter said.
Wind turbine maker Siemens Gamesa and Dutch marine contractor Van Oord said on Friday they have won a contract worth more than 500 million euros (£445.16 million) to build a large wind farm in the Netherlands.
Wind turbine maker Siemens Gamesa <SGREN.MC> warned on Friday that trade tensions would drive up costs, after reporting a fall in quarterly sales and profits due to lower turbine sales and pricing.
Shares in rival wind turbine makers Siemens Gamesa <SGREN.MC> and Vestas <VWS.CO> fell on Friday as a squeeze on prices caused by reduced state subsidies took its toll on quarterly profits.
Siemens Gamesa <SGREN.MC>, which overtook Vestas <VWS.CO> last year to become the world's No. 1 wind turbine maker, said on Friday its order book remained steady in the second quarter, citing record onshore order intake and stabilising prices.
Siemens Gamesa <SGREN.MC>, which overtook Vestas <VWS.CO> as the world's largest wind turbine maker last year, on Thursday said it won its biggest order to date in India, where a temporary downturn had previously hit the group's profits.
Siemens Gamesa <SGRE.MC>, the world's second-largest wind turbine maker, said it was seeking to bolster growth by targeting markets in Asia, Latin America and Australia.
Siemens <SIEGn.DE> sought on Wednesday to end a row with Spanish utility Iberdrola <IBE.MC> over the running of Siemens Gamesa <SGREN.MC>, the world's second-largest wind turbine maker.
Siemens Gamesa <SGREN.MC>, 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.
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