Siemens Gamesa: "Restructuring programme" Costs 6000 Jobs

Image: Siemens GamesaImage: Siemens Gamesa
Siemens Gamesa presents figures: Revenue from the sale of onshore wind turbines decreased / Growth in service business / Up to 6,000 jobs to be cut worldwide
Siemens Gamesa, job cuts, results, revenue

Siemens Gamesa obtains revenues of €11 billion with an EBIT margin of 7% in FY17

Wind Industry Profile of
Siemens Gamesa obtains revenues of €11 billion with an EBIT margin of 7% in FY17

Official Press Release Siemens Gamesa:

Siemens Gamesa Renewable Energy today presented its results. Regarding fiscal year 2017(1), revenue increased by 5% to €10,964 million, while underlying EBIT was €774 million (-18%) with an EBIT margin of 7%.

Between April and September, revenues fell 12.3% while underlying EBIT came to €192 million(2) (-63.4%) with an EBIT margin of 3.8%. These results were impacted by specific onshore market conditions, including the temporary suspension of the Indian market, and impairments relating to accounting adjustments to inventories in the US and South Africa. Excluding these impacts, revenues fell just... ... More: Official Press Release Siemens Gamesa

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