Munich Since the IPO two years ago, investors in Siemens Energy have experienced rollercoaster rides. With the integration of the subsidiary Siemens Gamesa, which cost more than three billion euros, a lot should now get better.
The step will make it possible to “exploit the joint potential and make better use of the opportunities that are available on the energy markets worldwide,” write Supervisory Board Chairman Joe Kaeser and CEO Christian Bruch in the invitation to the Annual General Meeting in early February.
But is this optimism justified? Siemens Gamesa is considered a crisis subsidiary. The problems in the renewable energy business had already weighed on the young Siemens Energy group from the start.
After the spin-off from the Siemens group, the price of Siemens Energy rose from 22 to 33 euros at the beginning of 2021. In the face of more and more bad news from Gamesa, the share dropped to ten euros at times. In the meantime, the group even had to leave the Dax again. But the momentum has turned.
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