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SIEMENS ENERGY AG

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Siemens Gamesa CEO: will return to at least 2017 turbine pricing levels

05/24/2022 | 09:00am EDT
FILE PHOTO: A model of a wind turbine with the Siemens Gamesa logo is displayed outside the annual general shareholders meeting in Zamudio

FRANKFURT (Reuters) - Siemens Gamesa, the wind turbine maker majority-owned by Siemens Energy, expects onshore turbine prices to return to levels seen in 2017 or even higher than that, its Chief Executive Jochen Eickholt said on Tuesday.

Eickholt presented slides at Siemens Energy's capital markets day that showed average selling prices for onshore wind turbines of 0.8 million euros ($855,760) per megawatt hour in 2017, which dropped to 0.67 million in 2021.

($1 = 0.9348 euros)

(Reporting by Christoph Steitz; Editing by Paul Carrel)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
SIEMENS AG 1.36% 104.02 Delayed Quote.-32.79%
SIEMENS ENERGY AG 1.08% 15.87 Delayed Quote.-30.19%
SIEMENS GAMESA RENEWABLE ENERGY, S.A. 0.17% 17.88 Delayed Quote.-15.28%
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Sales 2022 28 659 M 30 231 M 30 231 M
Net income 2022 -57,1 M -60,3 M -60,3 M
Net cash 2022 2 148 M 2 265 M 2 265 M
P/E ratio 2022 -87,7x
Yield 2022 1,59%
Capitalization 11 222 M 11 837 M 11 837 M
EV / Sales 2022 0,32x
EV / Sales 2023 0,28x
Nbr of Employees 92 000
Free-Float 59,0%
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Number of Analysts 13
Last Close Price 15,70 €
Average target price 26,32 €
Spread / Average Target 67,6%
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Managers and Directors
Christian Bruch President & Chief Executive Officer
Maria Ferraro Chief Financial & Diversity Officer
Josef Kaeser Chairman-Supervisory Board
Laurence B. L. Mulliez Independent Non-Executive Member-Supervisory Board
Günter Augustat Member-Supervisory Board