EnergyWatch

Siemens Gamesa's price per MW hits new record low

The wind turbine manufacturer performed well across all key figures in the first quarter of its fiscal 2019. On the other hand, growth in orders from special markets causes equipment prices to plummet to only EUR 670,000 per MW.

Photo: Siemens Gamesa, PR

Siemens Gamesa's latest interim report went forward on all posts. Revenue increased by 7 percent to EUR 2.389 billion, while earnings before interest and taxes grew by two-thirds to EUR 90 million, providing a net result of EUR 49 million. The latter post is 40 percent higher than fiscal Q1 last year, the company informs in a statement Tuesday.

With Q2 revenue and order intake at EUR 2.5 billion, Siemens Gamesa notes that at least the lower spectrum of its guidance for EUR 10-11 billion in revenue is now covered and adds that it has clear visibility for the coming years.

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