Monday, February 28, 2011

Gamesa 2010 financial information positive

Gamesa, the Spanish wind turbine manufacturer and developer released financial information noting the following:

- Gamesa generated 472 million euro in net free cash flow in 2010;
- The backlog for delivery in 2011 amounts to 1,414 MW (+25%) and covers 48% of the wind turbine sales guidance for the year;
- International markets (such as Canada) accounted for 93% of the MW sold in 2010;
- The wind farm development and sale business revived and contributed 10 million euro in EBIT in the second half of the year.

Gamesa has recently been moving aggressively into the Canadian market with an establishment of an office in Ontario.

3 comments:

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    Finance Info

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