Gamesa FY net up 135 pct at 313 mln eur; maintains 2007-2008 earnings targets |
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Published
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Tue, 20 Feb 2007 12:41
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MADRID (AFX) - Gamesa Corporacion Tecnologia SA said net profit grew 135 pct to 313 mln eur in the full-year to December from 133 mln a year earlier, at the top end of forecasts for 162-312 mln eur.Gamesa said EBITDA grew 25 pct to 411 mln eur, in line with forecasts for 331-440 mln, on a 36 pct rise in revenues to 2.401 bln.The bottom-line figure includes capital gains from the sale of the group's services division.The wind turbine manufacturer said it is maintaining its 2007-2008 earnings targets 'within an evermore challenging environment.'These targets include over 15 pct growth in EBITDA, over 16 pct growth in ROCE and a net debt/EBITDA ratio of below 2.5 pct.afxmadrid@afxnews.comccs/jdy/hjp/jdy/jlwCOPYRIGHTCopyright AFX News Limited 2006. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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Gamesa wins two wind turbine contracts in Egypt worth 280 mln eur 