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Siemens Gamesa sees stable price reduction on onshore wind turbines

Despite a noting a small increase on the average sales price relative to the last quarter and optimism about soon overcoming crisis times, the wind turbine manufacturer forecasts a stable price reduction for the near future.

Photo: Siemens/PR

Siemens Gamesa barely made it intact out of last year. In the period from October to the end of the year, which in Siemens Gamesa's fiscal year is the first quarter of 2019 albeit being Q4 of 2018 for most, the company's offshore and service divisions went forward by 6 percent in year-to-year revenue and landed at a final positive result of EUR 18 million.

The onshore wind turbine business is still lagging behind – specifically, by 8 percent to 1,520 MW from the same quarter from last year, while earnings from onshore turbine sale, even though unspecified, were not necessarily part of raising the total turbine segment's modest earnings before interest and taxes margin before extraordinary items by 2.7 percent.

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