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Siemens Gamesa Renewable Energy SA (SGREN.MC)

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

9.26EUR
23 Nov 2017
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€-0.26 (-2.73%)
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Latest Key Developments (Source: Significant Developments)

Siemens Gamesa starts talks with unions in Spain on restructuring plan‍​
7:09am EST 

Nov 23 (Reuters) - SIEMENS GAMESA RENEWABLE ENERGY SA ::STARTS CONSULTATION ROUND IN SPAIN TO AGREE ON MEASURES OF ITS RESTRUCTURING PLAN‍​.TO REDUCE WORKFORCE BY 272 PEOPLE IN SPAIN, WITHIN GLOBAL RESTRUCTURING PLAN OF 6,000 PEOPLE.NEGOTIATION PERIOD WITH THE UNIONS HAS A MAXIMUM PERIOD OF ONE MONTH‍​.  Full Article

Siemens Gamesa to supply 60 MW in three wind farms in Greece
Wednesday, 22 Nov 2017 04:07am EST 

Nov 22 (Reuters) - SIEMENS GAMESA SA ::DELIVERS WIND TURBINES FOR THREE PROJECTS IN GREECE WITH TOTAL CAPACITY OF 60 MW.THE AGREEMENT INCLUDES MAINTENANCE OF THE THREE PROJECTS FOR THE NEXT TEN YEARS.‍​.  Full Article

Siemens Gamesa eyes 2018 sales between EUR9-9.6 bln, 7-8 pct adj EBIT margin‍​
Monday, 6 Nov 2017 11:59am EST 

Nov 6 (Reuters) - Siemens Gamesa :Siemens Gamesa 2017 FY sales up 5 percent to eur 10.96 bln‍​.Siemens Gamesa targets 2018 sales between eur 9-9.6 billion, 7-8 percent adjusted Ebit margin‍​.  Full Article

Siemens Gamesa posts 12 pct drop in H2 sales, announces FY 2018 guidance and restructuring
Monday, 6 Nov 2017 11:47am EST 

Nov 6 (Reuters) - SIEMENS GAMESA RENEWABLE ENERGY SA SGREN.MC::APRIL-SEPT UNDERLYING NET PROFIT 118 MILLION EUROS.APRIL-SEPT UNDERLYING EBIT 192 MILLION EUROS VERSUS 525 MILLION EUROS YEAR AGO.APRIL-SEPT SALES 5.02 BILLION EUROS VERSUS 5.73 BILLION EUROS YEAR AGO.ORDER BACKLOG OF 20.7 BILLION EUROS AT END-SEPT.SEES FY 2018 REVENUES OF 9.00 BILLION EUROS - 9.60 BILLION EUROS‍​.SEES 2018 UNDERLYING EBIT MARGIN 7 PERCENT - 8 PERCENT.SEES FY 2018 CAPEX OF C. 500 MILLION EUROS.ESTIMATED IMPACT OF PPA AMORTIZATION OF INTANGIBLE FAIR VALUE OF 321 MILLION EUROS FOR FY 2018.EXPECTED INTEGRATION COSTS OF 160 MILLION EUROS IN FY 2018.SAYS RESTRUCTURING OF UP TO 6,000 HEADCOUNTS TO BE LAUNCHED IN NOVEMBER.  Full Article

Siemens Gamesa to supply wind turbines totaling more than 780 MW in US‍​
Tuesday, 31 Oct 2017 04:35am EDT 

Oct 31 (Reuters) - SIEMENS GAMESA RENEWABLE ENERGY SA ::SAYS TO SUPPLY WIND TURBINES TOTALING MORE THAN 780 MW IN THE UNITED STATES.TO SUPPLY 310 WIND TURBINES OF DIFFERENT TYPES FOR FIVE PROJECTS.  Full Article

Siemens Gamesa to supply 281 MW to onshore wind project in Norway‍​
Thursday, 26 Oct 2017 06:07am EDT 

Oct 26 (Reuters) - SIEMENS GAMESA ::TO SUPPLY 281 MW NORDLICHT ONSHORE WIND PROJECT IN NORWAY WITH LONG-TERM SERVICE CONTRACT‍​.  Full Article

Siemens says Siemens Gamesa writedowns don't affect guidance
Monday, 16 Oct 2017 08:00am EDT 

Oct 16 (Reuters) - Siemens AG :Says writedowns at Siemens Gamesa <<>> to have no impact on Siemens targets for FY 2016/17‍​.  Full Article

Siemens Gamesa lowers FY forecast of underlying EBIT and EBIT margin
Monday, 16 Oct 2017 01:30am EDT 

Oct 16 (Reuters) - SIEMENS GAMESA RENEWABLE ENERGY SA ::SAID ON FRIDAY LOWERS FORECAST OF UNDERLYING EBIT (PRE-PURCHASE ALLOCATION) TO C. 790 MILLION EUROS FROM PREVIOUS C. 900 MILLION EUROS FOR FISCAL YEAR ENDED ON 30 SEPTEMBER.SAYS ALSO LOWERS FORECAST OF PRO-FORMA LAST TWELVE MONTH EBIT MARGIN TO 7 PCT FROM PREVIOUS 8 PCT OR HIGHER.SAYS FORECAST UPDATE DUE TO A WRITE-DOWN IN VALUE OF ASSETS IN UNITED STATES AND SOUTH AFRICAN MARKETS CAUSED BY CURRENT MARKET CONDITIONS AND PRICING PRESSURE.  Full Article

Siemens Gamesa wins service extension contract for wind farm in UK
Friday, 6 Oct 2017 03:56am EDT 

Oct 6 (Reuters) - SIEMENS GAMESA RENEWABLE ENERGY SA ::SAYS WINS SERVICE EXTENSION CONTRACT FOR 504-MW GREATER GABBARD WIND FARM IN UK.SAYS AGREEMENT INCLUDES SCHEDULED SERVICING, TROUBLESHOOTING AND TECHNICAL SUPPORT FOR FIVE YEARS.  Full Article

Siemens Gamesa wins order to supply 34 MW in China‍​
Tuesday, 3 Oct 2017 03:49am EDT 

Oct 3 (Reuters) - SIEMENS GAMESA RENEWABLE ENERGY SA :SECURES ORDER FROM THE GUANGDONG ELECTRIC POWER DESIGN INSTITUTE FOR SUPPLY OF 34 MW IN CHINA‍​.SAYS ALSO TO OPERATE AND MAINTAIN TURBINES FOR NEXT FIVE YEARS.  Full Article

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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.