07/27/2017

Siemens Gamesa releases third-quarter of fiscal year 2017 results

Global revenues decreased in the third quarter, but the integration process speeds up.

Official Press Release Siemens Gamesa Renewables:

Siemens Gamesa speeds up its integration process and prepares to lead in a growing market

Wind Industry Profile of

Global revenues decreased by 7% to €2,693 million in the third quarter of fiscal year 2017 as a result of the temporary downturn of the Indian market. O&M service revenue expanded by 8%, to €300 million / The announced synergies of €230 million are now the 'minimum' and the company expects to realize these synergies in year 3, one year earlier than announced

Today Siemens Gamesa Renewable Energy released its third-quarter of fiscal year 2017 results [1] (from April to June 2017). During this period, the company has accelerated its integration programme. The announced synergies of €230 million are now the 'minimum' and the company expects to realize these synergies in year 3, one year earlier than previously announced. Markus Tacke, CEO of... ... More: Official Press Release Siemens Gamesa Renewables