GAMESA (GAM) ++ Nr. 2 weltweit in Windkraftanlagen + Windparks + Solarenergie ++ (Seite 335)

[lexmo]

Barclays holds 3 pct of Spain's Gamesa
MADRID, March 3 (Reuters) - UK bank Barclays (News/Aktienkurs) has declared a 3 percent stake in Spanish wind turbine manufacturer Gamesa, (News) according to a filing on Tuesday with stockmarket regulator CNMV.

Barclays holds the 3 percent stake, or 7.32 million shares, through four investment funds, the filing said.

Spanish stockmarket regulations oblige investors to inform the regulator when a stake in a listed company passes the 3 percent threshold.

(Reporting by Andres Gonzalez; Writing by Jonathan Gleave; Editing by Paul Day and David Holmes) Keywords: BARCLAYS/GAMESA

([e-mail]; [phone]; Reuters Messaging: [e-mail])


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Copyright Thomson Reuters 2009. All rights reserved.

[bossi1]

Antwort auf Beitrag Nr.: 36.685.787 von TheHowl am 02.03.09 22:43:59

Die Kurse kennen weltweit derzeit nur eine Richtung und man sollte nicht gegen den Markt spekulieren. Bestenfalls mal hier und da eine kleine Bärenmarkt Rally. In Spanien sprachen einige User von möglichen 8,xx bei Gamesa. Ich werde mal nach aktuellen Chartanalysen bei ihnen suchen.

++++++

Nordex knackt Milliarden-Marke beim Umsatz - Vorsichtiger Ausblick

Der Windenergieanlagenbauer Nordex hat im abgelaufenen Geschäftsjahr erstmals mehr als eine Milliarde Euro umgesetzt und will 2009 trotz der Rezession weiter wachsen. Die Erlöse stiegen 2008 um 52 Prozent auf 1,136 Milliarden Euro, wie die TecDAX-Gesellschaft am Mittwoch in Norderstedt bei Hamburg mitteilte. Damit erreichte das Unternehmen sein eigenes Ziel und die Erwartungen der Analysten. Wachstumstreiber waren den Angaben zufolge die Auslandsmärkte Großbritannien, Italien und China. Der Absatz von Nordex stieg um 60 Prozent und legte damit zum vierten Mal in Folge stärker zu als der Markt, der ein Plus von 26 Prozent aufwies. (..)

http://www.ftd.de/unternehmen/industrie/:ROUNDUP-Nordex-knac…

[lexmo]

Antwort auf Beitrag Nr.: 36.689.271 von SLGramann am 03.03.09 13:50:40

"Die WC/Sales-Ration sollte man in 2009 jedenfalls in der ganzen Branche mal im Auge behalten. Das könnte für einige Hersteller an die Existenz gehen imho."
Was ja nicht schlecht wäre da es deutlich schlechter kapitalisierte Windradbauer gibt.

[SLGramann]

Antwort auf Beitrag Nr.: 36.687.514 von lexmo am 03.03.09 10:22:17

lexmo, ich wundere mich zwar auch, dass noch nicht viel mehr Banken verstaatlicht werden mussten (pleite gehen lassen geht nicht), aber gerade GS steht, der Wahrheit die Ehre, immer noch wesentlich besser da, als fast alle anderen dieser verrückten organisierten Kriminellen - um es mal zurückhaltend zu formulieren.

[SLGramann]

Antwort auf Beitrag Nr.: 36.679.813 von lexmo am 02.03.09 11:58:22

Na ja, was bei der Durchsicht der Zahlen schon einen Schock auslöst, ist die für 2009 prognostizierte WC/Sales-Ratio, die von 5% auf bis zu 45%(!) steigen soll. "Erklärt" wird das durch "a greater contribution of sales to the spot market in 2009". Mal davon abgesehen, dass signifikante Verkäufe am Spotmarkt per se ein ganz schlechtes Zeichen sind und außerdem die Umsatzprognose sehr unsicher machen, ist die Zahl 45% einfach unfassbar mies.

Wenn man mal die prognostizierten Umsätze für 2009 als gegeben hin nimmt, dann wird der Anstieg des WC die cash-Position von Gamesa um ca. 1,3 Milliarden Euro belasten. Wie solls gehen? Ich "freu" mich schon auf die Nettoverschuldung Ende 2009...

Hier schlägt die Finanzkrise wirklich voll durch. Die Turbinenhersteller sind plötzlich in der ganz schwachen Position, die Projekte vorfinanzieren zu müssen, statt ihre eigene Produktion vorfinanziert zu bekommen.

Dennoch: Gamesa ist ein hervorragendes Unternehmen und die oben beschriebene Katastrophe hat wohl eher mit der allgemeinen Krise als mit Gamensa zu tun. Die WC/Sales-Ration sollte man in 2009 jedenfalls in der ganzen Branche mal im Auge behalten. Das könnte für einige Hersteller an die Existenz gehen imho.

[lexmo]

abgesehen davon wundert mich wieso GS noch nicht in Insolvenz ist.

[TheHowl]

"Schlüssig erklären" - wer kann das schon derzeit!? - Scheint, dass es inzwischen keinen großen Unterschied mehr gibt zwischen einer Aktie und dem, was man in der Hand hält, wenn man Klopapier dafür eingesetzt, wofür es produziert wurde.
Ich halte für die Kurse im Verlauf 2009 nach unten hin inzwischen ALLES für möglich.
Die Politik hat noch nicht mal in Ansätzen kapiert, um was es hier geht. Da wird mit Plastikmesserchen versucht, einen Grizzly zum Rückzug in den Wald zu bewegen.
@bossi1
..was haben Analysten nicht schon alles für einen Mist abgesondert....und derzeit: hätte heute einer 20 € gesagt - der Kurs wäre keinen Cent höher...

[bossi1]

Antwort auf Beitrag Nr.: 36.679.813 von lexmo am 02.03.09 11:58:22

Die Zecke GS reduziert das Gamesa KZ von 11 auf 9€ und verkaufen ... das wird wohl der Grund sein.

09:29 - Los analistas de Goldman han rebajado el precio objetivo de la compañía a 9 euros por acción desde los 11 euros anteriores y aconsejan vender. Los títulos de Gamesa ceden un 2,7% hasta 10,28 euros. Más al minuto : de GAMESA | del Sector | Todos

http://www.invertia.com/empresas/noticias/noticia.asp?idDoc=…

[lexmo]

Kann jemand schlüssig erklären weswegen das Papier so stark verliert trotz ( oder wegen ) der Zahlen? Ich kann das nich nachvollziehen.

[TheHowl]

Zahlen, von denen einige andere Branchen derzeit nur träumen können: Allein, die Börse wird das nicht beeindrucken. Was interessiert heute, was gestern war. Die LEDs für 2009 stehen -wo man auch hinschaut -auf "Skepsis".

Madrid, February 26, 2009. Gamesa Corporación Tecnológica has successfully culminated the transformation cycle initiated in 2006 by reaching the growth, profitability and financial soundness targets laid down in the Business Plan 2006-2008. Gamesa has increasingly focused in the wind turbine generator business as the driving force for growth, while consolidated an international industrial base in Europe, America and Asia.

Gamesa’s sales in 2008 amounted to €3.651 billion, 27% more than in the preceding year, while EBITDA amounted to €495 million, 40% more than in 2007.

Net profit obtained by ongoing activities, constituted by the wind turbine generator business unit, rose by 27% to €155 million. Implementation of the strategy defined in 2006 has made it possible to include in the 2008 year-end the capital gain produced by the sale of the solar unit in April last year.

Taking into account the performance of the wind farms unit, integrated as intermittent operations, Gamesa Corporación Tecnológica's net consolidated profit in 2008 reached €320 million, 45% more than the figure achieved in 2007 and a record maximum.

Net Financial Borrowing has improved significantly, going from 3.4 times EBITDA in 2006 to 0.1 times EBITDA in the last financial year.
This improvement is due, for the most part, to the fact that it has been possible to generate a positive cash flow of €1 billion over the last three years, which confirms that a suitable balance has been achieved between growth and cash flow.

Wind Turbine Generator Manufacturing as the Driving Force for Growth

The wind generator manufacturing unit closed 2008 with a total of 3,684 MWe of wind turbines sold. This figure is 12% above the figure reached in 2007 (3,289 MWe). A new record was also achieved as regards the megawatts delivered to customers in the last quarter of the year, which totaled 1,375 MW.

Sixty-one per cent of wind turbine generators were sold in international markets. Of these, 31% were sold in Spain, 21% in the USA and 13% in China. As regards the product mix, the G8x 2 MW segment continued to account for more than two-thirds of MWe sold compared to a third for the G5x 850 MW machine.

New agreements amounting to 5,800 MW were entered into during the year.
Among the sales milestones, the following stand out: the signing of a Framework Agreement for the supply of 4,500 MW with Iberdrola Renovables. This constituted the largest acquisition of wind turbine generators in the history of the wind energy sector and increased the visibility of the MW portfolio committed to customers for the coming years (2009-2012) to reach 11,700 MW.

The fact that products manufactured by MADE, a Gamesa subsidiary, are beginning to contribute to the group’s sales total should also be highlighted. Two contracts in Venezuela were announced totaling 100 MW in the second quarter of the year, along with another one in Tunisia amounting to 120 MW.

Industrial Base in Three Continents 100% Operational

The consolidation of Gamesa’s international industrial bases in America and Asia was already a reality in 2008. Production capacity at US centers, which were started up in 2006, exceeded 900 MW of annual production in 2008. Similarly, capacity in China, where Gamesa’s operating capacity has been present since 2007, exceeded 500 MW of annual production. Activities commenced last year at the new wind turbine generator plant that completes an integrated production center in Tianjin, where the manufacturing and assembly of wind turbine components is concentrated. These include gearboxes, the above-mentioned wind turbine generators and nacelle assembly. These Chinese facilities are complemented by another production center for blades, which is also located in Tianjin.

Gamesa has continued to move forward in the continuous improvement of its production processes by implementing the Synchronous Manufacturing System (SMS) in Tianjin and subsequently in the other centers. This system enables productivity improvements to be attained.

The development of the international industrial base has involved starting up eleven production centers since 2006, developing the local supplier base and taking on more than 3,600 people around the world at the Wind Turbine Generator Unit alone.

Strategic Plan to Create Value in the Wind Farm Unit

On June 13, Gamesa announced the setting up of two joint ventures with Iberdrola Renovables to promote, develop and operate the projects started up since the beginning of 2008. Once of the companies will manage the projects in Spain and the other in the rest of continental Europe. Progress was made during the second half of the year in the wind farm promotions activity. The joint ventures in Continental Europe are currently moving forward in the integration process.

Outlook for 2009

The different actions focused on demand and the improvement plans affecting the processes carried out over the last few years have provided Gamesa with flexibility and the ability to adapt deliveries to the pace of execution of customers’ projects. In 2009, Gamesa expects to add sales that can be attributed to ongoing operations of between 3,300 and 3,600 MWe, a figure which lies along the same lines as in 2007 and 2008. It likewise expects to maintain the EBIT margin recovery trend.

A series of new actions aimed at improving competitiveness as regards markets and products will be tackled in 2009. The first prototype of the new product platform –the Gamesa G10x with 4.5 MW of unitary power and installed in Jaulín in the province of Zaragoza– will be put into operation this year. The manufacture of the first blade prototypes for this wind turbine generator will also commence this year at the new production center in Aoiz, located in the province of Navarre, and mass production will start in 2011. The Aoiz plant will have a production capacity of 900 MW and provide jobs to almost 400 people when it is running at full capacity. Investment in this plant will amount to €65 million. Still within Europe, Gamesa will take part in a project for wind turbine blade design, as well as the process for its automated manufacturing, thus reinforcing the company's technological leadership.

The product and services portfolio in the American market will be extended to include the G90 model, which has the largest rotor currently in Gamesa's catalogue. This has led to the corresponding re-organization of the nacelle and blade production centers.

Capacity at the plants in Pennsylvania will be increased by 30% over the coming years. Lastly, in the Asian market, the sale of G8x 2 MW wind turbine generators will commence in China. In India, Gamesa will start up a nacelle assembly center for its MADE product platform, which will come into operation at the end of 2009 and have a capacity of 200 MW.

Within the wind farm unit, the companies created together with Iberdrola Renovables in continental Europe will start up operations, whilst there are action plans to apply this business model in the United States and later in China