Gamesa: Sales Growth Driven By Uptick In Wind Activity

Posted by Lauren Tyler on November 10, 2016 No Comments
Categories : New & Noteworthy

Gamesa has improved its outlook for 2016, reporting strong figures in the first nine months of the year and a net profit growth of 63%, totaling EUR 206 million.

According to Gamesa, sales increased 32% to EUR 3.34 billion compared with 2015, driven by the sharp increase in the activity of the manufacturing and sale of wind turbines.

The manufacturer says this activity stood at 3.26 GW, 42% more than in the same period last year, driven by the contribution from all regions: India provided 34%, followed by Latin America (27%), Europe/EMEA (20%), U.S. (12%) and Asia-Pacific (8%).

In addition, the company notes that turbine models G114-2.0 MW and 2.5 MW accounted for 59% of order intake in the period.

Gamesa says it will continue to make progress in creating long-term value following the approval by its shareholders of the merger agreement with Siemens Wind Power.

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