SiemensGamesa Renewable Energy (SGRE) revealed its 3-year strategic plan at the capital markets day. Cost savings programme (L3AD2020) of €2bn planned up to 2020. The savings are focused on procurement, Technology and synergies (€400m). Financial target to outgrow the market with an EBIT margin between 8% and 10%. EBIT margin is based on adjusted figures and will be considerably lower in real terms.
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In MW a giant, in profits a dwarf!
- Published:
16 Feb 2018 -
Author:
Heinz Steffen -
Pages:
3
SiemensGamesa Renewable Energy (SGRE) revealed its 3-year strategic plan at the capital markets day. Cost savings programme (L3AD2020) of €2bn planned up to 2020. The savings are focused on procurement, Technology and synergies (€400m). Financial target to outgrow the market with an EBIT margin between 8% and 10%. EBIT margin is based on adjusted figures and will be considerably lower in real terms.