Siemens Energy cuts sales outlook on heels of Siemens Gamesa

By Reuters7 days ago

Now expects sales to grow 3-8%

Q2 orders up 39%, sales down 4.4%


Q2 adj. EBITA more than doubles to 197 mln eur

Adds details on results

FRANKFURT, May 5 (Reuters) - Siemens Energy ENR1n.DE, which supplies turbines to the power sector, on Wednesday lowered the upper end of its target range for 2021 sales, hurt by weaker-than-expected demand, project delays and the ongoing coronavirus crisis.

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