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Denmark

Denmark

Profits up at LM Wind Power

DENMARK: Rotor blade manufacturer LM Wind Power has made a strong start to 2016, posting a profit of €26.2 million for the first half of the year.

LM Wind Power, manufacturer of the world's longest rotor blade, for Adwen's offshore turbine
LM Wind Power, manufacturer of the world's longest rotor blade, for Adwen's offshore turbine

This compares with a profit of just €3 million for the same period in 2015.

The figures for the year’s second quarter showed particular improvement. Earnings before interest, taxes, depreciation and amortisation (EBITDA) rose from €27.4 million in Q2 2015 to €48.8 million this year.

LM attributed the rise in earnings to growing demand for its products across all global regions, and the opening of new factories in Brazil and India.

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