Visit for the latest on our upcoming conferences and webcasts



Gamesa hit by €21 million Q1 profit fall

SPAIN: Gamesa has been hit by a €21 million first quarter profit fall as the result of falling prices and costs related to new product development.

In Q1 2011 the company made a €11 million profit. However, the company was able to announce a 33% increase in sales to €777 million.

The company's order intake for the period was 687MW, an increase of 136% on Q1 2011, taking the overall order pipeline to 1,776MW.

Key figures:

  • Sales: €777 million (+33%)
  • EBITDA: €32 million (-58%)
  • EBIT: -€5 million
  • Net profit: -€21 million

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Sign up now
Already registered?
Sign in

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus

Windpower Monthly Events

Latest Jobs