Siemens Gamesa Releases First Fiscal Year 2018 Results

Image: Siemens GamesaImage: Siemens Gamesa
Siemens Gamesa net profit continues to recover

Official Press Release Siemens Gamesa:

Siemens Gamesa net profit continues to recover, reaching €45 million, with a record backlog of €23,226 million

Wind Industry Profile of
Siemens Gamesa net profit continues to recover, reaching €45 million, with a record backlog of €23,226 million

October–June fiscal year 2018 results

Siemens Gamesa Renewable Energy released its results for the first nine months (October-June) and the third quarter (April-June) of fiscal year 2018 today. The company’s financial performance in the third quarter and the first nine months of FY2018 was in line with the fiscal year 2018 guidance (revenues of €9,000-9,600 million and EBIT margin of 7-8%). Revenue amounted to €2,135 million (-21% YoY) in the third quarter, and €6,504 million (-25% YoY) in the first nine months of the year, impacted by lower turbine sale volumes and pricing. EBIT pre-PPA, restructuring and integration costs amounted to €156 million in the quarter and the EBIT margin was 7.3%. Between October and June,... ... More: Official Press Release Siemens Gamesa

results, fiscal year, Siemens Gamesa, backlog, EBIT, financial performance

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