Gamesa increased revenues by 31.6% in 2016, to € 4,612 million, driven by growth in revenues in the wind turbine area (+37%), as a result of higher activity, which amounted to 4,332 MW, 36.2% more than in 2015. Sales (MW) were evenly distributed worldwide, though led by India (38%) and Latin America (24%). EMEA, the US and Asia-Pacific accounted for 17%, 12% and 9%, respectively.

Order intake amounted to 4,687MW in 2016, of which 1,386MW were signed in the fourth quarter (+33%). The pipeline secures 63% coverage of the sales guidance for 2017 (5,000MW). The G114-2.0 MW-2.5 MW and G126-2.5 MW models gained in importance in orders, from 50% in 2015 to 67% in 2016. Considering also the first contract for the G132-3.465 MW generator, new models accounted for 70% of order intake. Operation and maintenance (O&M) revenues were stable, at €  471 million in 2016. In 2016, Gamesa continued to work on optimising variable expenses, controlling structural costs and implementing quality excellence programmes. As a result, EBIT increased by 48% to € 477 million, i.e. an EBIT margin of  10.4%, while net profit amounted to € 301 million (+77%). For 2017 the company expects around 15% growth in both volume (the commitment is to reach 5,000MW) and operating profit: € 550 million in EBIT and an EBIT margin of 10-11%.

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.