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Siemens Gamesa posts first-quarter sales rise, margins still under pressure

Reuters  |  MADRID 

MADRID (Reuters) - Siemens Gamesa on Tuesday reported a 6 percent rise in sales for its first quarter to December 31 although its margins remained under pressure and shares in the wind turbine maker fell.Revenue rose to 2.26 billion euros from 2.13 billion a year earlier.Its earnings before interest and tax (EBIT) margin for the October-December quarter fell to 6.1 percent from 6.3 percent.The company, formed by a merger between Spain's Gamesa and the wind power business of Siemens, retained its guidance for an EBIT margin of 7 to 8.5 percent for the full year.Wind businesses around the world ...

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First Published: Tue, January 29 2019. 14:33 IST