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Siemens Gamesa's positive margin, price forecasts lift shares

Reuters  |  MADRID 

By Isla BinnieMADRID (Reuters) - Wind turbine maker Siemens Gamesa forecast better profitability and said prices were stabilising on Tuesday, sending its shares as much as 9 percent higher.The company formed by a merger between Spain's Gamesa and the wind power business of Siemens stuck to its guidance for an earnings before interest and tax (EBIT) margin of 7 to 8.5 percent for the full year.Chief Executive Marcus Tacke told analysts on a conference call he expects a stronger second half to the year, after the company said its EBIT margin for the October-December quarter fell to 6.1 percent ...

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First Published: Tue, January 29 2019. 18:15 IST