Siemens Gamesa disappointed with the Figures presented - the share price declines significantly

sales decreased to preliminary calculations suggest that around 12 per cent year-on-year, to € 2 billion, the company said late Wednesday evening in Zamudio. Th

Siemens Gamesa disappointed with the Figures presented - the share price declines significantly

sales decreased to preliminary calculations suggest that around 12 per cent year-on-year, to € 2 billion, the company said late Wednesday evening in Zamudio. The bottom line is, a loss of 174 (prior year: plus 18) million Euro. Operationally the company recorded a Minus to a Plus in the previous year.

the Weak Numbers, other branch values into the Minus

The share of the Spaniard crashed in the Morning after the start of trading, temporarily, by more than ten percent, and finally, the Minus amounted to just under six percent. This is also the shares of other companies in the wind power industry, Nordex, and Vestas, have picked up markedly affected. Analyst Akash Gupta from investment Bank JPMorgan added, however, in a first reaction. The reasons for the profit warning of the Spaniards were for the most part, company-specific, so the expert. Delays in the Delivery of projects could lead to significant damages claims by customers and thus to losses. Gamesa 15,76 EUR +0,32 (+2,04%) Tradegate

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Siemens, Gamesa made for the development of significant and unpredictable one-off depreciation of 150 million euros in five Onshore Projects mainly in Norway. Adverse road conditions and an early onset of winter had led to delays.

The company lowered its expectations at the adjusted Ebit margin in the current year from previously 5.5 to 7 percent on 4.5 to 6 percent. The full set of figures is 4. February will be presented.

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hyo/dpa
Date Of Update: 30 January 2020, 11:57
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