Gamesa has recorded €2,192 million in revenues in the first half of 2016, a 33 percent growth from the corresponding period last year.
The company has procured a record 1,180 MW in order intake during the six months’ period.
The company reported €138 million in net profit in the first half, a 42percent increase and €230 million in EBIT, plus a record 1,180 MW in order intake.
Between January and June, Gamesa achieved €2,192 million in revenues, 33 percent more than in the same period of 2015, driven by strong growth in wind turbine manufacture and sales.
Gamesa’s India business contributed 30percent of WTG sales, while Latin America, Europe and the U.S. contributed 29percent, 22percent and 14percent respectively.
This performance, which is higher than projected at the beginning of the year, enabled the company to upgrade its guidance for 2016 in terms of both volume (≥4,000 MWe) and operating profitability (EBIT ≥ €430 million and EBIT margin ≥9.5percent).
In a significant development this year, Gamesa signed an merger agreement with Siemens Wind Power to create a global leader in the wind power business, the company said in a statement.
Rajani Baburajan
editor@greentechlead.com