Siemens Gamesa : Publication shy of expectations and bid from Siemens Energy launched
>Launch of Siemens Energy’s bid - Tender to the offer - Following the annual results publication (financial year to end-September), we are lowering our earnings estimate (by -30% on average over 2023-2025). The upturn in profitability will take more time even though sector fundamentals have improved due to i/ geopolitical tensions, 2/ Europe's determination to secure its energy supplies as well as 3/ the need to invest in low-carbon projects. This strengthens the pip...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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