So far this year, Gamesa has experienced significant improvements in revenues, returns, and net profit in line with their business plan for 2015 through to 2017.
Gamesa’s revenues increased by 30.4% to €2,533 million in the first nine months of 2015, driven by strong growth in wind turbine revenues (+35%). Activity surged 26% to 2,301 MWe following eight straight quarters of double-digit growth. Operation and maintenance revenues also increased by 7% to €345 million in the period.
This increase in activity and sales reflects Gamesa’s competitive position in the wind industry. The company’s goal is to become a key player in emerging markets and to strengthen its foothold in developed markets.
Order intake in the first nine months of 2015 amounted to 2,841 MW, bringing the order book at the end of September to 3,034 MW (+42%), assuring 100% of the sales volume target for 2015 (c. 3,100 MW). India accounted for 28% of the megawatts sold, followed by Latin America (25%) and Europe & RoW (21%). China contributed 15% and the United States 11%.
This positive commercial performance (an order intake of close to 4,000 MW in the last 12 months) lends visibility to medium-term sales projections and is in line with the volumes projected for 2017: c. 3,500-3,800 MW.
In line with Gamesa’s business plan for 2015 to 2017, the company launched new platforms to complete its product line. This improved access to markets in northern Europe and provided access to new markets, including in Canada, Australia, and South Africa. It also means Gamesa now caters for 100% of the world’s onshore wind market.
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Filed Under: News, Turbines