Siemens Gamesa mulls gears following yet another deficit

Next year, the wind turbine manufacturer will streamline technologies across onshore and offshore divisions. The question of whether gears have a future in the OEM's machines is also being evaluated, notes CEO.
Photo: Siemens Energy
Photo: Siemens Energy

Tough times call for tough decisions. And these are certainly tough times for Siemens Gamesa, as evidenced by the Q3 financial report, which not only added a EUR 459m deficit, but also, to make matters worse, resulted in a downgrade of the full-year guidance.

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
Must contain at least 6 characters
Must contain at least 2 characters
Must contain at least 2 characters

Get full access for you and your coworkers

Start a free company trial today

Share article

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Newsletter terms

Front page now

Further reading