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Siemens Gamesa Renewable Energy SA (SGREN.MC)

SGREN.MC on Madrid SE C.A.T.S.

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3 Aug 2020
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Thu, Jul 30 2020

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Siemens Gamesa hires new executives as COVID-19 helps cut $1.2 billion from sales outlook

MADRID Siemens Gamesa named new senior executives on Thursday as the wind turbine maker sought to tackle a coronavirus-driven downturn that has led the group to cut its sales outlook for the year by 1 billion euros ($1.18 billion).

UPDATE 2-Siemens Gamesa hires new execs as COVID-19 helps cut $1.2 bln from sales outlook

* Three new executives hired as part of turnaround - CEO (Writes through with new hires)

Siemens Gamesa hires new executives in bid for turnaround

MADRID, July 30 Wind turbine maker Siemens Gamesa said it had appointed new senior executives on Thursday, hours after posting an operating loss and lowering its financial outlook due to the impact of the coronavirus on already-strained profit margins.

Siemens Gamesa appoints offshore head as CEO, warns on expected loss

BERLIN, June 17 Wind turbine maker Siemens Gamesa said on Wednesday that Andreas Nauen, head of the company's offshore activities, has been appointed chief executive, with immediate effect, replacing Markus Tacke.

Siemens surges as cuts costs and presses on with energy IPO

ZURICH Siemens stock surged on Friday after the German engineering company said it was speeding up cost savings to tackle the coronavirus downturn and the flotation of its energy business remained on track.

Siemens surges as cuts costs and presses on with energy IPO

ZURICH Siemens stock surged on Friday after the German engineering company said it was speeding up cost savings to tackle the coronavirus downturn and the flotation of its energy business remained on track.

UPDATE 2-Siemens surges as cuts costs and presses on with energy IPO

* CEO thinks current quarter will be trough of the downturn (Rewrites, adding CEO, analyst, share price)

Siemens sees strongest coronavirus impact in next quarter as Q2 profit plunges

ZURICH, May 8 Siemens expects "even stronger impacts" from the coronavirus pandemic in the weeks ahead, it said on Friday as it ditched its 2020 guidance and posted an 18% drop in industrial profit during its second quarter.

Coronavirus impact on Siemens Gamesa in 2020 likely similar to Q2 - CEO

May 6 Wind turbine maker Siemens Gamesa expects a similar level of disruption from the coronavirus outbreak for the rest of the year as the one suffered in the second quarter, its Chief Executive said on Wednesday.

Siemens Gamesa warns coronavirus will keep squeezing 2020 finances

Wind turbine maker Siemens Gamesa said on Wednesday that project delays and supply chain disruptions caused by the coronavirus outbreak would continue to drag on its earnings this year after squeezing profitability in the second quarter.

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