News Release from GE Vernova
Wind Industry Profile of
08/01/2019
GE Announces Second Quarter 2019 Results
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.
- Source:
- GE
- Author:
- Press Office
- Link:
- www.genewsroom.com/...
- Keywords:
- GE, Renewable Energy, Haliade, Cypress, revenue, 2019, Q2, orders, challenging
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