Gamesa upgrades to full-year blowout after acquisition
Spanish company Gamesa, recently acquired by Siemens, grew to historic sizes in the third quarter this year. Although part of the progress came from its recently acquired stake in Adwen, the turbine manufacturer is now upgrading its full-year guidance for 2016 for the second time this year.
The multinational commodity trader navigated through a turbulent market in fiscal 2022, which ended in September, but nonetheless closed the year with a record result. Challenging conditions will carry on into 2023.
Serious dissatisfaction is emanating from European capitals regarding the Energy Charter Treaty for protecting fossil energy investments, thus prompting the EU Commission to assess its options for a collective exit.