Siemens Gamesa eyes relieving price pressure

A larger share of the service market as well as efforts to increase sales of MW faster than competitors will help boost the wind turbine manufacturer's margins. Meanwhile, the firm is aiming for EUR 2 billion in cost reductions.

Siemens Gamesa aims to grow faster than competitors. This is one of the financial targets in the wind turbine manufacturer's new three-year strategy launched Thursday. The goal concerns the top line where growth in both megawatts and euros must be faster than the market's growth as a whole.

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