Gamesa has posted an 85% boost in net profit to €170m in full year 2015 as part of a “focus on profitable growth”.
Revenues at the Spanish manufacturer as up 23% at €3.5bn and the order intake was 3883MW, “in line with the high end of the business plan’s target range for 2017”.
Gamesa said results were driven by turbine sales, up 26%, and O&M activity, up 8%.
The top regions for turbines sales were India (29% of the total) and Latin America (27%). Europe and the ‘rest of the world’ accounted for 18%, China for 13% and the US for 11%.
Gamesa set 2016 targets of 3800MW in sales with underlying EBIT over €400m and an EBIT margin of at least 9%.
Image: Gamesa
