• Revenue increased by 6% YoY in the first half, to €4,651 million, the EBIT margin pre-PPA and integration and restructuring costs stood at 6.8%, and net profit increased from €0 million in the same period last year to €67 million this year
• In the second quarter, revenue increased by 7%, to €2,389 million, the EBIT margin pre-PPA and integration and restructuring costs amounted to 7.5%, and net income rose 40% YoY to €49 million
• Solid commercial activity enabled the company to fully cover the low end of the FY 2019 revenue guidance range (€10,000-€11,000 million)• The company has logged orders worth €10.9 billion in the last twelve months (+8% YoY), driven by strong performance in all segments
Siemens Gamesa Renewable Energy (SGRE) today reported the results of the first half (October-March) and the second quarter (January-March) of fiscal year (FY) 2019.
Revenue increased by 6% year-on-year in the first half of FY 2019, to €4,651 million and by 7% in the second quarter, to €2,389 million, supported by strong performance in Offshore and Service.
The company ended the first half of FY 2019 with EBIT pre-PPA and integration and restructuring costs of €316 million, equivalent to an EBIT margin pre-PPA and integration and restructuring costs of 6.8%. In the second quarter, EBIT pre-PPA and integration and restructuring costs amounted to €178 million, equivalent to an EBIT margin pre-PPA and integration and restructuring costs of 7.5%. This result was reached against a background of declining prices in the order book, partly offset by improvements in productivity, synergies and fixed costs as a result of the L3AD2020 transformation program and the higher volume of activity in Offshore and Service.
