Gamesa profit jumps 85 pc in 2015

Wind turbine maker Gamesa today said its net profit rose by 85 per cent to 170 million euro in 2015 compared to 92 million euro in 2014.
"These figures exceed the company's guidance for 2015 and enable it to step up the targets in the Business Plan for 2017 and bring them forward to 2016," the company said in a press release.
Its revenues totalled 3.5 billion euro in 2015, 23 per cent more than in 2014, as a result of expanding revenues in its two business areas: wind turbine generators (up 26 per cent) and O&M (operation and maintenance) services (up 8 per cent), the release sai .

In a context of rising demand and supported by the group's sound commercial position, activity rose 21 per cent to 3,180 MWe, in line with the guidance for the year.
This year, the largest contributor to the growth has been the Indian market, which contributed 29 per cent to WTG sales. This was followed by Latin America (27 per cent). Europe and the Rest of the World accounted for 18 per cent, China for 13 per cent and the US for 11 per cent, it added.
Gamesa India Chairman and Managing Director Ramesh Kymal said, "We are happy to announce that we are the largest contributor to global sales. The favourable business environment, Government support through manufacturing and renewable energy policies have fuelled our growth in India."

Order intake amounted to 3,883 MW in 2015 (up 17%), reflecting Gamesa's strong sales drive, and in line with the high end of the Business Plan target range for 2017.