LM Wind Power made a profit of €5.9m in 2015 compared with a loss of €9.1m the previous year.
Revenues stood at €750.3m up 27.7% year-on-year on 2014’s €587.7m.
Earnings before interest, taxes, depreciation and amortization was up 34% at €103.3m in 2015 from €77.1m the year before.
In the fourth quarter of 2015, the company made a profit of €4m compared with a loss of almost €5m in the same period of 2014.
LM Wind said the profit was driven in the quarter by strong sales in China, India and Europe. This offset a decline in sales in the Americas.
Revenues in the fourth quarter were €207.7m and – up 25.3% year-on-year – and EBITDA was €27.6m, a rise of 22.7% year-on-year.
Image: Morgue File
LM Wind profits €5.9m in 2015
Strong sales in China, India and Europe drive company into the black
By EBS