Sales in financial terms were down by 13% compared to last year’s record figures at €2.3bn ($3.4bn). EBITDA was down by 11% at €311m, while net profits fell by 70% to €86m from €288m, mainly due to the extraordinary effect of the sale of Gamesa’s solar assets during the January-September period last year, which brought in revenues of €145m. However the company said that its EBIT margin for the period was 7.2%,
Gamesa maintains full-year 2009 target even as sales fall
Spanish wind power giant Gamesa said its turbine sales fell by 20% in the first nine months of the year to 2,275 megawatts (MW). However, the company said it is maintaining its sales target of 3,300MW-3,600MW for the whole of 2009, compared to 3,684MW in 2008.
12 November 2009 19:32 GMT
Updated
26 September 2016 14:54 GMT
By