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    SGRE   ES0143416115

SIEMENS GAMESA RENEWABLE ENERGY, S.A.

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Siemens Gamesa promises improvement in turbine prices after slashing outlook

01/21/2022 | 02:58am EDT
FILE PHOTO: A model of a wind turbine with the Siemens Gamesa logo is displayed outside the annual general shareholders meeting in Zamudio

MADRID (Reuters) - Wind turbine maker Siemens Gamesa Chief Executive Andreas Nauen expects average selling prices for its turbines to increase in the future after warning of the continued negative impact of supply chain disruptions and onerous contracts.

"We continue to try to pass on inflation on raw material costs and logistics costs to the client," Nauen told analysts on a conference call on Friday.

The company adjusted its guidance for comparable revenue in 2022 to a decrease in a range between 9% and 2%, from a previous forecast that it would drop between 7% and 2%.

(Reporting by Isla Binnie, editing by Inti Landauro)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
SIEMENS AG -2.14% 113.6 Delayed Quote.-25.60%
SIEMENS GAMESA RENEWABLE ENERGY, S.A. 0.79% 13.4 Delayed Quote.-36.40%
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Analyst Recommendations on SIEMENS GAMESA RENEWABLE ENERGY, S.A.
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Financials
Sales 2022 9 590 M 9 977 M 9 977 M
Net income 2022 -697 M -726 M -726 M
Net Debt 2022 1 334 M 1 387 M 1 387 M
P/E ratio 2022 -13,6x
Yield 2022 -
Capitalization 9 123 M 9 491 M 9 491 M
EV / Sales 2022 1,09x
EV / Sales 2023 1,01x
Nbr of Employees -
Free-Float 32,8%
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Siemens Gamesa Renewable Energy, S.A. Technical Analysis Chart | SGRE | ES0143416115 | MarketScreener
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Mean consensus HOLD
Number of Analysts 23
Last Close Price 13,40 €
Average target price 18,37 €
Spread / Average Target 37,1%
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Managers and Directors
Jochen Eickholt Chief Executive Officer & Executive Director
Beatriz Puente Ferreras Chief Financial Officer
Miguel Angel López Borrego Chairman
Alan Feeley Chief Information & Cyber Security Officer
Antonio de la Torre Chief Technology Officer