Siemens Gamesa aims to grow faster than competitors. This is one of the financial targets in the wind turbine manufacturer's new three-year strategy launched Thursday. The goal concerns the top line where growth in both megawatts and euros must be faster than the market's growth as a whole.
However, a major boost must also take place from the current level in the other end of the financial reports. The company thus aims to realize an adjusted operating margin of 8-10 percent in 2020. For the three quarters since the merger was finalized last April, this margin has stood at 4.5 percent. In comparison, industry peer Vestas reported a target for an EBIT margin of at least 10 percent in relation to its annual report – although the Danish manufacturer did not set a timeframe for this goal.
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