2019-08-18
http://w3.windfair.net/wind-energy/news/32219-ge-renewable-energy-haliade-cypress-revenue-2019-q2-orders-challenging

GE Announces Q2 2019 Results

Image: GEImage: GE
Orders went up, but challenging situation

Official Press Release GE:

GE Announces Second Quarter 2019 Results

Wind Industry Profile of
GE Announces Second Quarter 2019 Results

GE Renewable Energy: Orders of $3.7 billion were up 35% reported and 38% organically, with onshore orders up 87% reported driven by North America.

Revenues of$3.6 billion were up 26% reported and 33% organically. Segment profit of negative $184 million was driven by joint venture consolidation, higherlosses on legacy contracts, challenging Onshore project execution in Asia Pacific, increased R&D investment, tariffs, and pricing, partially offset bycost productivity and strong volume. Renewable Energy's two major new products—Cypress in onshore and Haliade-X in offshore—continue toprogress toward commercialization, with Cypress securing launch orders in the first half and Haliade-X undergoing blade testing. ... More: Official Press Release GE

Keywords:
GE, Renewable Energy, Haliade, Cypress, revenue, 2019, Q2, orders, challenging







Related News

Corr Members

  • Newlist_ge_monogram_blau_neu
  • Newlist_logo.overspeed
  • Newlist_logo.dnv-windenergy
  • Newlist_logo.renewableenergycareers
  • Newlist_logo.juwi
  • Newlist_energiequelle_logo
  • Newlist_bmu_logo
  • Newlist_rea_logo
  • Newlist_logo.afriwea
  • Newlist_logo.enervest
  • Newlist_hannover_messe_logo
  • Newlist_irena_logo
  • Newlist_logo.reel
  • Newlist_vsb_logo
  • Newlist_logo.argentinaeolica.org

more results



Keyword Search

© smart dolphin Gmbh 1999 - 2019 | Legal Notice | Windfair Editors | Privacy Policy | The Windfair Pocket Wind 2020