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Windtech International May June 2024 issue






Between January and June, Gamesa achieved € 2,192 million in revenues, 33% more than in the same period of 2015. The increase is driven by strong growth in wind turbine manufacture and sales, which provided € 1,964 million in revenues (+38%) on a 47% increase in volume, to 2,180 MW in the first half.

Order intake increased by 16% to 1,180 MW in the second quarter. The order book at end-June 2016 stood at 3,228MW, exceeding the low end of the initial guidance for the full year (>3,800 MW) and supporting an upgrade to the full-year guidance (≥4,000 MW). Moreover, the G114-2.0 MW and 2.5 MW model accounted for 55% of order intake in the first half. Operation and maintenance service revenues were in line with the projections in the Business Plan 2015-2017: € 228 million, with an EBIT margin of 13.7%. Gamesa ended the first half of 2016 with EBIT of € 230 million (+70%) and an EBIT margin of 10.5%. Net profit amounted to € 138 million, including a € 13.5 million negative impact from Adwen. Excluding this effect, net profit would have amounted to € 151 million (+76%).

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