in News Departments > FYI
print the content item

Gamesa reports it has obtained EUR 22 million in net income in the first half of this year (1H'13), compared with a loss of EUR 33 million in the same period in 2012.

The company says the results continue a trend to improved profitability that commenced in the first quarter of 2013, when Gamesa announced it was "back in the black" with EUR 7 million in attributable profits.

Gamesa notes Latin America and the Southern Cone remain the main growth driver, accounting for 48% of sales, followed by Europe and Rest of the World (32%) and India (16%). The contribution by the U.S. (4%) and China (1%) declined in 1H’13.

Order intake rebounded in the second quarter (612 MW), tripling the figure in the first quarter of the year. The order book amounted to 1,547 MW at the end of June. Operation and maintenance (O&M) revenues expanded by 18% in 1H’13, to EUR 180 million.

Gamesa says it expects lower seasonal fluctuations in sales volume and a faster pace of deliveries in the remainder of the year, which will enable it to reduce working capital and net financial debt in the second half.




Trachte Inc._id1770
Latest Top Stories

Yahoo Inks Contract To Buy Kansas Wind Power

The Internet company plans to log in to the Alexander wind project, which is being built by community developer OwnEnergy.


Could Initial Offshore Wind Projects Crash New England's REC Market?

Some are concerned that the first offshore wind projects could negatively impact pricing of renewable energy credits (RECs) in New England.


Catching Up With The DOE's Down-Select Offshore Winners

The three recipients of key U.S. Department of Energy (DOE) funding provide updates on their offshore wind demonstration projects.


Texas Comptroller Attacks Wind Power, And Industry Fights Back

Texas Comptroller Susan Combs recently released a report calling for an end to wind power subsidies. The Wind Coalition has responded, saying the report is riddled with misinformation.


How To Mitigate Blade Issues And Costly Downtime

Routinely inspecting your turbine's blades can help identify problems early on, ultimately cutting down unscheduled maintenance costs.

Renewable NRG_id1934
Canwea_id1984