Gamesa Corporación Tecnológica consolidated its activity in the first half of 2009, improving EBIT by 6% to reach € 119 million, € 7 million more than the same period of 2008. The company registered sales of € 1,615 million, a similar amount compared to the same period last year (€ 1,667 million) and significantly improved the margin of EBIT over sales, to position it at 7.4%, higher than the figure of 6.7% in 2008.
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Also in conformity with the objectives defined for 2009, the level of working capital over sales is at 17%, when the guidelines managed by Gamesa for 2009 established a reference of 20%. With these reference figures, the gross EBITDA result reached € 219 million (+2%) and the net profit of continued activities equalled € 80 million, the same figure as the first half of 2008. The group consolidated results (including both continued and discontinued operations) present a net profit of € 65 million through June. Net financial debt, also consolidated, is € 554 million, 1.1 times the EBITDA. The results for the first half of 2009 are in line with the established 2009 objectives. The 1,638MW sold as of June allows for the sales forecast of 3,300–3,600MW in 2009 to remain.
