Amidst historic price pressure, Siemens Gamesa is optimistic

Wind giant Siemens Gamesa suffered setbacks in almost every key item in the first fiscal quarter of 2018 and the company is virtually a poster child for the all-encompassing price pressure in the industry. But in the darkness shines a light of future price stabilization and higher profitability.

Photo: Siemens

The symptoms are not that hard to spot.

One example is when newly merged Siemens Gamesa announced in November that 6,000 employees would be let go around the world, corresponding to more than 20 percent of the total staff. The merger created one of the world's largest manufacturers, and while some of the redundancies were attributed to a streamlining of the business after the merger, the company also stated that it was facing a major decline in sales by upwards of one fifth in the next fiscal year.

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