EnergyWatch

Siemens Gamesa far from satisfied with quarter

The German-Spanish turbine maker presented a disappointing quarterly report, but new initiatives will soon rectify matters, says CEO.

Photo: Siemens Gamesa/Steen Gyldendal

It wasn't a big surprise when Siemens Gamesa presented its results for the third quarter of its fiscal year that they wouldn't be very impressive, as the company had already warned as much.

Roughly two weeks ago, the German-Spanish wind turbine manufacturer chose to lower its revenue guidance, thereby preparing for a quarterly report leaning toward disappointment.

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