Siemens Gamesa Renewable Energy released its results for the second quarter of fiscal year 2018 (January-March). During the period January-March, Siemens Gamesa signed more than €3,000 million in firm orders reaching full coverage of the low end of the 2018 revenue guidance (€9.0-9.6 billion).
The second quarter of 2018 ended with an onshore order intake of 2,464MW, 54% more than in the same period of the previous year and an offshore order intake of 328MW in firm orders. Sales amounted to €2,242 million (-29% y/y), resulting in €4,369 million (-26% y/y) for the first half of the year. EBIT pre PPA, restructuring and integration costs in the quarter amounted to €189 million and the EBIT margin increased to 8.4% compared to 6.3% achieved in the previous quarter. The result was positively impacted by one-time effects. In the first half of the year, EBIT pre PPA, restructuring and integration costs reached €322 million and the EBIT margin was 7.4%.
