Edition:
India

Siemens Gamesa Q3 Net Profit Down 53% At 21 Mln Euros YoY


Tuesday, 30 Jul 2019 

July 30 (Reuters) - Siemens Gamesa Renewable Energy SA ::Q3 REPORTED EBIT 56 MILLION EUROS VERSUS 50 MILLION EUROS YEAR AGO.Q3 REPORTED NET PROFIT 21 MILLION EUROS VERSUS 44 MILLION EUROS YEAR AGO.Q3 GROUP SALES 2.63 BILLION EUROS VERSUS 2.14 BILLION EUROS YEAR AGO.ORDER BACKLOG OF 25.1 BILLION EUROS AT END-JUNE VERSUS 23.2 BILLION EUROS YEAR AGO.ORDER INTAKE IN Q3 EUR 4.7 BILLION UP 41.8% YOY.9MONTH PERFORMANCE IN LINE WITH FY 19 GUIDANCE RANGE.Q3 RESULTS IMPACTED BY EMERGING MARKET VOLATILITY AND ONSHORE EXECUTION CHALLENGES.PLANS COMPETITIVE BUSINESS STRATEGY AND PERFORMANCE UPDATE IN CMD H1 2020.