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MarketScreener Homepage  >  Equities  >  Bolsas y Mercados Espanoles  >  Siemens Gamesa Renewable Energy, S.A.    SGRE   ES0143416115

SIEMENS GAMESA RENEWABLE ENERGY, S.A.

(SGRE)
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Siemens Gamesa Renewable Energy S A : Andreas Nauen, CEO of Siemens Gamesa, has been elected Chairman of WindEurope

11/30/2020 | 11:33am EST
Nauen steps in at a critical juncture for the wind industry. Europe wants a major expansion of wind energy to deliver climate-neutrality by 2050. And the EU is planning to raise its 2030 ambition on emissions and renewables in support of that. Europe also wants renewables to be a key driver of economic recovery out of the COVID crisis   

Commenting on his appointment, Andreas Nauen said: 'The European industry has proven to be in the driving seat of the development of wind energy globally. We have built strong skills, gained vast experience and developed a reliable value chain across the Continent. We must rely on all these attributes to take a big step towards the decarbonisation and electrification of the economy. We are in the right business, at the right time. Renewables have proven to be the most resilient source of energy amid the pandemic. Besides, the ambitious renewable objectives that governments are deploying around the world, as the recently launched European Offshore Renewable Energy Strategy by 2050, makes us positive for an economic recovery based on clean energy', said Andreas Nauen, Chairman of WindEurope and CEO of Siemens Gamesa.

'The path towards a just and sustainable energy transition is a collective task. It is a tremendous honor that my colleagues in the wind industry have chosen me to represent the interests of wind's entire value chain.  You have my commitment that we will work hard to make heard the voice of an industry that provides enormous industrial potential, technology leadership in addition to stable, clean energy supply'.

Andreas Nauen, a mechanical engineer by background, has been SGRE's CEO since June 2020. Before that he was CEOs of SGRE's Offshore Business. Previously he was CEO of Siemens Wind Power and of REpower/Senvion. He has also served as Chairman of the wind energy part of the German machine tool manufacturers association, the VDMA.   

WindEurope CEO Giles Dickson said: 'We're delighted to have Andreas Nauen as our new Chair. Having one of world's leading turbine manufacturers at the helm of WindEurope is a great asset to us. And Andreas knows the onshore and offshore wind business inside out. He's an ideal person to steer what our industry does to deliver the energy transition and to help drive a green economic recovery in Europe.'

Disclaimer

Siemens Gamesa Renewable Energy SA published this content on 30 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 November 2020 16:32:06 UTC


© Publicnow 2020
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Financials
Sales 2021 10 608 M 12 809 M 12 809 M
Net income 2021 -91,3 M -110 M -110 M
Net Debt 2021 142 M 171 M 171 M
P/E ratio 2021 -262x
Yield 2021 0,10%
Capitalization 23 267 M 28 130 M 28 094 M
EV / Sales 2021 2,21x
EV / Sales 2022 2,05x
Nbr of Employees -
Free-Float 32,7%
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Mean consensus HOLD
Number of Analysts 22
Average target price 26,30 €
Last Close Price 34,24 €
Spread / Highest target 31,4%
Spread / Average Target -23,2%
Spread / Lowest Target -59,1%
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Managers and Directors
NameTitle
Andreas Nauen Chief Executive Officer & Director
Miguel Angel López Chairman
Christoph Wollny Chief Operating Officer
Beatriz Puente Ferreras Chief Financial Officer
Alan Feeley Chief Information & Cyber Security Officer