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.
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.
Already a subscriber?Log in here
Read the whole article
Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers
Start a free company trial todayRelated articles:
GE consolidates throne in US
For subscribers
Ørsted, Siemens Gamesa and Esvagt launch Operation Drone
For subscribers
