Siemens Gamesa: 2Q18 results preview: Weak results, too early to see the benefits of the new strategy
Siemens Gamesa: 2Q18 results preview: Weak results, too early to see the benefits of the new strategy
Siemens Gamesa will report its 2Q18 results on 4th May before the opening. There will be a conference call at 09:00 CET. Dial-ins: +44 (0) 20 8611 0119 and +34 91 791 7163.
- We expect sales to fall -29% yoy
- And a lower EBIT margin
- The expectations are in the share price
- Recommendation: Hold
Siemens Gamesa Renewable Energy is a holding company. Through its subsidiaries, Co. is engaged in the business of renewable energy sources, primarily wind power but also including solar energy where its acts as a supplier and manufacturer of technological products, installations and services. Co. is organized along the lines of: promotion, construction and sale of wind farms, engineering, design, manufacture and sale of wind turbines, manufacture of thermic and photovoltaic solar components, promotion and sale of photovoltaic solar farms. Co. also participates in both Spanish and European working groups aimed at establishing priorities for its sector's research & development work.
Bankinter S.A. is a Spanish brokerage firm established in 1989. The company's line of business includes the provision of market research and trading services for Equity and Fixed Income products.
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