Profits and revenue surged in 2016 at LM Group, the parent of LM Wind Power, ahead of the closing of the acquisition of the Danish wind rotor blade manufacturer by US industrial giant GE.
LM, which makes blades for many of the world’s top wind-turbine suppliers, last year posted a 41.2% increase in revenue to €1.059bn ($1.121bn), mainly due to higher volumes, and the inclusion into its 2016 figures of Brazil, which previously was not consolidated, as well as a new plant in India.
The
