Latest Issue
 
Windtech International January February 2024 issue

 

FOLLOW US AT

follow

 

follow


Siemens Gamesa Renewable Energy has released its results for FY 2018 (October-September) and the fourth quarter (July-September). In the full year, ended September 30, 2018, revenue amounted to €9,122 million, while EBIT pre-PPA, restructuring and integration costs was €693 million with an EBIT margin at 7.6%.
 
Net income continued to recover, reaching €70 million in FY 2018, including the impact of integration and restructuring costs (€176 million). The company increased its net cash position to €615 million at September 30. In the fourth quarter (Q4) revenue grew to €2,619 million (+12% YoY), with an EBIT margin (1) at 8.2%. Net income amounted to €25 million. In FY 2018 the company had an order intake of €11,872 million (+9% YoY), boosted mainly by a recovery in onshore order intake (+30%, to €6,682 million). Intense activity in offshore, with good progress in new markets, raised order intake to €2,795 million. Within Service, the company signed contracts worth €2,395 million during FY 2018. Siemens Gamesa achieved an order backlog of €22.8 billion (+10% YoY). The company has set the guidance for FY 2019: revenues of €10-11 billion and EBIT margin of 7-8.5%.
 
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.