Siemens Gamesa downgrades 2020 guidance again

Poor weather conditions in Norway led to a big loss for the wind turbine maker at the end of 2019.
Photo: Siemens Gamesa
Photo: Siemens Gamesa

For the second time in only three months, Siemens Gamesa downgrades its full-year guidance for 2020. While the wind turbine manufacturer this November had to downwardly adjust its ambitions to land an adjusted EBIT margin from 8-10 percent to 5.5-7 percent, it's now cut even further into to the modest spread of 4.5-6 percent, the OEM states in a preliminary results report for the latest quarter.

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