Company announcement 9/2016
Interim report for Q2 2016 (1 April - 30 June 2016)
LM Wind Power reports:
| For Q2 2016, revenue of EUR 259.7 million (up 45.4% year-on-year) and EBITDA of EUR 48.8 million (up 78.0% year-on-year) EBIT of EUR 30.4 million for Q2 2016, compared with EUR 15.7 million in Q2 2015 A net profit of EUR 17.7 million for Q2 2016, compared with a loss of EUR 4.2 million in Q2 2015 Liquidity of EUR 133.6 million as at 30 June 2016, compared with EUR 93.1 million as at 31 March 2016 Net debt of EUR 90.3 million as at 30 June 2016 and a leverage ratio (Net Debt / EBITDA) of 0.63x, compared with net debt of EUR 131.2 million as at 31 March 2016 and a leverage ratio of 1.08x |
| 2nd quarter | January to June | ||||
| EUR millions | 2016 | 2015 | 2016 | 2015 | |
| Revenue | 259.7 | 178.6 | 491.3 | 351.6 | |
| Operating profit before depreciation and amortization (EBITDA) | 48.8 | 27.4 | 87.3 | 48.1 | |
| Results from operating activities before special items (EBIT) | 30.4 | 15.7 | 52.6 | 25.5 | |
| Profit before income tax | 25.8 | 1.8 | 39.8 | 15.9 | |
| Profit/(loss) for the period | 17.7 | (4.2) | 26.2 | 3.0 | |
| EUR millions | |||||
| Results from operating activities before special items (EBIT) | 30.4 | 15.7 | 52.6 | 25.5 | |
| Depreciation and amortization | 18.4 | 11.7 | 34.7 | 22.6 | |
| EBITDA | 48.8 | 27.4 | 87.3 | 48.1 | |
This interim report for Q2 2016 has not been audited or reviewed.
Contact details:
Chris Springham VP, Global Communications & HR +31 6 14814919
Or Lene Mi Ran Kristiansen Senior Manager, Communications & Sustainability + 45 5138 8236
HUG#2034645