Siemens Gamesa Renewable Energy SA (SGREN.MC)
24 Sep 2018
Fri, Aug 3 2018
AMSTERDAM, Aug 3 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 ($580 million) to build a large wind farm in the Netherlands.
COPENHAGEN/MADRID Wind turbine maker Siemens Gamesa 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 fall 4.7 percent (Adds CFO, CEO, share price reaction)
* Both stocks fall more than 3 pct (Wraps in Siemens Gamesa Q2 results, background)
Siemens Gamesa, the world's second-largest wind turbine maker, said it was seeking to bolster growth by targeting markets in Asia, Latin America and Australia.
FRANKFURT/MADRID Siemens sought on Wednesday to end a row with Spanish utility Iberdrola over the running of Siemens Gamesa , the world's second-largest wind turbine maker.
* Siemens holds 59 pct, Iberdrola 8.1 pct (Adds further comments from Kaeser, details from source)