• Revenue increased by 12% YoY in the first nine months of fiscal year 2019, to €7,283 million. EBIT margin pre-PPA and integration and restructuring costs stood at 6.5%
• In the third quarter, revenue increased by 23%, to €2,632 million. EBIT margin pre-PPA and integration and restructuring costs amounted to 6.1%
• The company logged the highest-ever quarterly order intake, with orders worth €4.7 billion (+42%YoY), driven particularly by strong performance in new offshore markets• Capital Markets Day to be held during the first half of 2020
Siemens Gamesa Renewable Energy (SGRE) today reported the results of the first nine months (October-June) and the third quarter (April-June) of fiscal year (FY) 2019.
Revenue increased by 12% year-on-year in the first nine months of FY 2019, to €7,283 million, and by 23% year-on-year in the third quarter, to €2,632 million, driven by strong performance in all businesses, with record activity in offshore.
The company ended the first nine months of FY 2019 with EBIT pre-PPA and integration and restructuring costs of €475 million, equivalent to an EBIT margin pre-PPA and integration and restructuring costs of 6.5%. In the third quarter, EBIT pre-PPA and integration and restructuring costs amounted to €159 million, equivalent to an EBIT margin pre-PPA and integration and restructuring costs of 6.1%. The main impact on profitability was persisting lower pricing in the order backlog during the period, emerging market volatility and execution challenges in some onshore projects, partly offset by synergies, improvements in productivity and higher year-on-year sales volume.
