Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Spain
  4. Bolsas y Mercados Espanoles
  5. Siemens Gamesa Renewable Energy, S.A.
  6. News
  7. Summary
    SGRE   ES0143416115

SIEMENS GAMESA RENEWABLE ENERGY, S.A.

(SGRE)
  Report
Real-time Estimate Quote. Real-time Estimate Tradegate - 05/12 01:23:51 pm
25.18 EUR   -3.04%
03:22aIBERDROLA S A  : Q1 Profit Down 20% Due to Nonrecurring Items, COVID-19 Impact
MT
03:16aIberdrola 1Q Profit Fell, Earnings Rose
DJ
05/05SIEMENS GAMESA  : Credit Suisse remains Neutral
MD
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Siemens Gamesa lowers earnings outlook but orders soar

04/30/2021 | 12:34pm EDT

MADRID, April 30 (Reuters) - Wind turbine maker Siemens Gamesa warned on Friday it could earn less this year than previously expected, cutting 700 million euros ($842 million) off the top end of its previous revenue guidance even as orders hit a record high.

Strong competition, high raw materials prices, disruptions linked to COVID-19 and a slowdown in India have been squeezing Siemens Gamesa's earnings, but market enthusiasm for companies driving the transition to a low-carbon economy has supported its market value.

The leading producer of offshore generators now expects full-year revenue of 10.2-10.5 billion euros, from a previous target of 10.2-11.2 billion euros, hit by customers deferring projects and the ongoing impact of COVID-19 in India and Brazil.

Execution delays, higher costs for raw materials and a lower contribution from the higher-margin offshore division also contributed to the cut, the company said.

It nevertheless maintained guidance for an operating margin over sales before interest, tax, and some other costs, of 3%-5%.

With global demand for renewably-produced energy on the rise, Siemens Gamesa logged new orders worth 5.5 billion euros between January and March, its largest-ever intake for a single quarter.

Shares in the company, whose main shareholder is Siemens AG unit Siemens Energy, now trade at almost double their pre-pandemic levels. ($1 = 0.8311 euros) (Reporting by Isla Binnie, editing by Louise Heavens)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
EURO / BRAZILIAN REAL (EUR/BRL) -0.18% 6.3296 Delayed Quote.0.00%
SIEMENS AG -0.34% 139.26 Delayed Quote.18.91%
SIEMENS ENERGY AG -3.42% 24.6 Delayed Quote.-15.89%
SIEMENS GAMESA RENEWABLE ENERGY, S.A. -3.12% 25.16 Delayed Quote.-21.52%
All news about SIEMENS GAMESA RENEWABLE ENERGY, S.A.
03:22aIBERDROLA S A  : Q1 Profit Down 20% Due to Nonrecurring Items, COVID-19 Impact
MT
03:16aIberdrola 1Q Profit Fell, Earnings Rose
DJ
05/05SIEMENS GAMESA  : Credit Suisse remains Neutral
MD
05/05COLLABORATION BREAKS NEW GROUND IN T : Siemens Gamesa confirmed as preferred sup..
PU
05/05SIEMENS GAMESA  : Berenberg sticks Neutral
MD
05/05Siemens Energy cuts sales outlook on heels of Siemens Gamesa
RE
05/04SIEMENS GAMESA  : Kepler Cheuvreux remains Neutral
MD
05/04TransAlta, Pembina Pipeline Enter 100 MW Renewable Power Purchase Agreement
MT
05/04SIEMENS GAMESA  : Deutsche Bank sticks Neutral
MD
05/03SIEMENS GAMESA  : Kepler Cheuvreux reiterates its Neutral rating
MD
More news
Financials
Sales 2021 10 382 M 12 541 M 12 541 M
Net income 2021 -147 M -177 M -177 M
Net Debt 2021 331 M 400 M 400 M
P/E ratio 2021 -123x
Yield 2021 0,04%
Capitalization 17 661 M 21 491 M 21 334 M
EV / Sales 2021 1,73x
EV / Sales 2022 1,60x
Nbr of Employees -
Free-Float 32,7%
Chart SIEMENS GAMESA RENEWABLE ENERGY, S.A.
Duration : Period :
Siemens Gamesa Renewable Energy, S.A. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SIEMENS GAMESA RENEWABLE ENERGY, S.A.
Short TermMid-TermLong Term
TrendsBearishBearishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 24
Average target price 31,08 €
Last Close Price 25,97 €
Spread / Highest target 73,3%
Spread / Average Target 19,7%
Spread / Lowest Target -30,9%
EPS Revisions
Managers and Directors
NameTitle
Andreas Nauen Chief Executive Officer & Director
Beatriz Puente Ferreras Chief Financial Officer
Miguel Angel López Chairman
Alan Feeley Chief Information & Cyber Security Officer
Antonio de la Torre Chief Technology Officer