LM Wind Power has confirmed quarter one revenues of €232m for 2016, up 34% on its year-ago result.
The blade manufacturing outfit said EBITDA was €38.5m for the period, up some 86%, and net profit stood at €8.5m compared with €7.2m in Q1 last year.
Pre-tax profit was just over €14m, the same result as for the first three months of 2015.
Liquidity decreased to €93m from €129m while net debt increased to €131m from €95m.
LM returned to the black in last year for the first time since 2009 posting a profit of €6m for its full-year 2015 results, up from a loss of €9m in 2014.
Image: LM
