Wind turbine sales up at Siemens Gamesa in strong start to 2019

By Hull Daily Mail | Posted: 9 May 2019

Wind turbine sales at Siemens Gamesa were up four per cent at the start of 2019.

The offshore wind manufacturer, which employs around 1,000 people at its blade factory in Hull, passed the €2bn mark for turbine sales in the first three months of the year.

Despite the strong period for revenues though, company earnings before interest and tax at the start of the year were down six per cent to €178m.

Siemens Gamesa said the outcome came “against a background of declining prices in the order book.”

Tweeting about the results, the company’s chief financial officer David Mesonero said: “Great results for Siemens Gamesa.

“Siemens Gamesa continued this quarter to reinforce its technological leadership with two milestones – a 10MW offshore wind turbine, and a new onshore platform which includes the largest onshore rotor in the market.

Wind turbine blades made at the Siemens Gamesa factory in Hull (Scunthorpe Live)

“I am very proud of all our employees to make it possible.”

Total sales at Siemens Gamesa were up seven per cent in the first three months of 2019, compared to the same period last year.

Releasing its results, Siemens Gamesa said the figures were in line with its previous guidance for the 2019 financial year.

Read more: Last few days to enter the 2019 Humber Renewables Awards

It previously targeted sales of between €10bn and €11bn for the full year, and said it was hoping for a strong final quarter in its onshore market.

Siemens Gamesa is currently building blades at its Alexandra Dock facility for Hornsea Project One.

When completed, the offshore wind farm will become the biggest in the world, and be capable of powering more than one million homes across the UK.

Siemens Gamesa is making more than 100 turbine blades for the East Anglia ONE wind farm (ScottishPower Renewables)

Developer Ørsted announced in February power had been generated at the site, off the East Yorkshire coast, for the first time.

Juergen Maier, CEO at Siemens UK, also recently visited Hull for a tour of both the Siemens Gamesa blade factory and the site of Siemens Mobility’s upcoming £200m rail factory in Goole.

Speaking about the transformation of Alexandra Dock : “To have that vision five years ago and come back today and walk around that factory creates a feeling of huge pride.

Read more: New US deal will see Humber take offshore wind expertise stateside

“It’s been brilliant to have been a part of it.”

He recalled first visiting the Alexandra Dock site five years ago when it was an “industrial wasteland."

Now it has become “a centre of world competence” in wind turbine manufacturing, assembly and logistics.

Mr Maier said Siemens’ investment in the city was one of the best projects he had been involved in.

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