The profit warning at Siemens Gamesa hits the group’s share price.
(Photo: dpa)
Munich Investors are losing patience with Siemens Energy. After a profit warning due to ongoing problems at the wind power subsidiary Siemens Gamesa, the share price of the Dax group fell by around twelve percent to a good 20 euros on Friday.
Dissatisfaction with the listed subsidiary Siemens Gamesa is also growing at corporate headquarters. “Above all, the predictability is annoying,” it was said in business circles. After all, the renewable energy specialist had repeatedly issued profit warnings in recent years and failed to meet the forecasts.
On Thursday evening it was time again: Siemens Gamesa reported an operating loss of 309 million euros in the first quarter of 2021/22 (September 30) and lowered expectations for the full year.
As a consequence, Siemens Gamesa boss Andreas Nauen announced price increases for the wind turbines in front of analysts. The company will continue to try to pass on rising raw material prices and logistics costs to customers.
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