Siemens Gamesa reported a mixed set of Q3 results. The order intake was very strong (as expected) and the ASP continued to be stable at €0.8m/MW. But this time it was not enough to offset the weak EBIT margin level. The situation seems to have changed with both execution and profitability being the street’s focus. The 2019 outlook was confirmed. The next quarter will be crucial, implying increasing pressure on the share price.
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Execution issues and weak margins
- Published:
30 Jul 2019 -
Author:
Luis Pereira -
Pages:
3
Siemens Gamesa reported a mixed set of Q3 results. The order intake was very strong (as expected) and the ASP continued to be stable at €0.8m/MW. But this time it was not enough to offset the weak EBIT margin level. The situation seems to have changed with both execution and profitability being the street’s focus. The 2019 outlook was confirmed. The next quarter will be crucial, implying increasing pressure on the share price.