Siemens Gamesa admits to more blame for own woes
The likelihood of a full takeover by the parent company has risen, argues Deutsche Bank on the topic of the turbine maker, which is negotiating double-digit percentual price increases and bigger, earlier up-front payments with customers.
BY MAZ PLECHINGER, TRANSLATED BY CHRISTOFFER ØSTERGAARD
No news is good news. Inherent in the old proverb is a certain ambiguity that appears quite fitting for Siemens Gamesa. There is actually close to no news that’s good news for the turbine maker, which Tuesday evening announced preliminary second quarter figures – which, despite causing something of a stir, for the most part revealed no news.
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