Siemens Gamesa reports €18m net profit in the first quarter, with revenue up 6% to €2,262m

October-December Results FY 2019
  • EBIT before PPA and integration and restructuring costs(1) amounted to €138m (+4% YoY), the EBIT margin was 6.1%, and reported EBIT amounted to €40m (+13% YoY)
  • Volume totalled 2,129 MWe, driven by the offshore business (+76% YoY)
  • The order book stands at €23b (+8% YoY), covering 92% of the revenue guidance for FY 2019
  • The company has logged orders worth €11.5bn in the last twelve months (+3% YoY), driven particularly by a 28% increase in onshore orders
  • The global prospects for the wind industry remain sound, with projected 6% annual growth in installations to 72 GW in 2025. Offshore installations will rise even faster, from 2 GW in 2018 to 12 GW in 2025

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