Revenues increased by 32%, to €3,339 million, in the first nine months of 2016. This was due to the sizeable growth in activity, to 3,256 MW, 42% more than in the same period of 2015, with all regions contributing: India (34%), followed by Latin America (27%), Europe (20%), USA (12%) and Asia Pacific (8%).
Operation and maintenance services were stable, with revenues amounting to €343 million, while EBIT amounted to €44 million (+7.5%). The fleet under maintenance continued to grow during the quarter, reaching 22,954MW worldwide (+11.4%). Order intake was 1,090MW in the third quarter (+8%), raising total order intake in the first nine months to 3,301MW. EBIT increased to €340 million (+65%), i.e. an underlying EBIT margin of 10.2%. Net profit amounted to €206 million, including the impact of consolidating Adwen. Otherwise, net profit would have amounted to €225 million (+84%). Gamesa expects to maintain the profitable growth trend in 2017, to be specified in guidance that will be released early next year.
