27 Feb '14, 6pm

Gamesa back in the black: SPAIN: Gamesa swung into profit in 2013 despite a fall in revenue, as its cost-cutti...

The Spanish manufacturer posted a net profit of EUR 49 million, compared with a loss of EUR 501 million the year before. This was achieved despite a 12% fall in revenue to EUR 2.3 million. 2013 was marked by cost-cutting measures that included redundancies and facility closures as the company sought to deal with the restricted wind market. As such, Gamesa reduced its structural costs by EUR 119 million, 19% more than set out in its restructuring plan. Working capital was reduced by EUR 243 million. Impressively, this allowed the company to push its Ebit margin up from 1.7% to 5.5%, with a target of 7% set for this year. Over the year, turbine sales amounted to 1,953 MW, 8% less than in 2012. The company said that this was largely due the "slump in the US and Chinese markets", but that this was partly offset by rising revenue from emerging markets in Latin America, Asia and...

Full article: http://www.windpowermonthly.com/article/1282762/gamesa-ba...

Tweets

Carmine back

twitter.com 02 Mar '14, 5pm

To bring you Twitter, we and our partners use cookies on our and other websites. Cookies help personalize Twitter content,...

12 ways the Oscars are giving back

12 ways the Oscars are giving back

mnn.com 02 Mar '14, 8pm

and her gridiron star husband Rodney to raise awareness and funds for Parkinson’s disease and autism research, The HollyRo...

Air Jordan 6 Retro “Black Infrared” 2014 Release Info

Air Jordan 6 Retro “Black Infrared” 2014 Releas...

sneakerbardetroit.com 27 Feb '14, 5pm

We all know the tradition from Jordan Brand when it comes to their Black Friday releases, and the Air Jordan 6 Retro “Blac...