SGRE reported Q4 figures in line with expectations, allowing the company to reach its full-year guidance, though this was in the lower end of the guidance. The negative element of this release was on the 2020 adjusted EBIT margin which is expected to be in the range of 5.5-7%. Although the momentum is negative, we continue to believe that SGRE remains a key player in the wind industry and should benefit from the strong mid-term prospects for the sector.
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Very disappointing 2020 outlook
- Published:
05 Nov 2019 -
Author:
Luis Pereira -
Pages:
3
SGRE reported Q4 figures in line with expectations, allowing the company to reach its full-year guidance, though this was in the lower end of the guidance. The negative element of this release was on the 2020 adjusted EBIT margin which is expected to be in the range of 5.5-7%. Although the momentum is negative, we continue to believe that SGRE remains a key player in the wind industry and should benefit from the strong mid-term prospects for the sector.