Saving $2.5 Billion Shouldn’t Be Hard for Siemens Gamesa

By [email protected] A plan by Siemens Gamesa to find €2 billion ($2.5 billion) in savings within three years may sound ambitious, but is eminently feasible, according to analysts.

The turbine maker unveiled the target in February as part of a three-year strategic plan called L3AD2020, which aims to focus on levelized cost of energy, agility and digitalization.

The savings “are focused on procurement, technology and industrial footprint enhancements, as well as the already-announced synergies and restructuring work,” said Siemens Gamesa in a press statement.

“Against a backdrop of increasing competition, Siemens Gamesa expects to outperform the market on sales while maintaining strict balance-sheet control,” the

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