Latest Issue
 
Windtech International July August 2024 issue

 

FOLLOW US AT

follow

 

follow


Gamesa Corporación Tecnológica consolidated improvements in its margins as of end third quarter 2009, improving the wind turbine activity’s EBITDA by three-tenths of a point (13.7%) as compared to the same period in 2008.
.
The management strategy aimed at controlling working capital by synchronizing manufacturing and customers' delivery needs, along with the cost-cutting programs implemented, took the EBIT/sales margin for the wind turbine activity to 7.2%. This was achieved despite the slowdown in activity that impacted the sector throughout the first nine months of the year, particularly in the third quarter –due to delays in implementing Spain’s pre-registry – situating the company's wind turbine sales at € 2.274 billion, 13% below the record figures reached last year. Consequently, the Wind Turbine activity’s gross operating result (EBITDA) stood at € 311 million (-11%) and EBIT at € 164 (-17%), taking the group's net consolidated profit to € 86 million. The comparative year-on-year group figure is still affected by the extraordinary profit generated as a result of the sale of the Solar activity (capital gain on the divestment boosted the figure to € 288 million in 2008).
 
Use of cookies

Windtech International wants to make your visit to our website as pleasant as possible. That is why we place cookies on your computer that remember your preferences. With anonymous information about your site use you also help us to improve the website. Of course we will ask for your permission first. Click Accept to use all functions of the Windtech International website.