Company announcement 8/2016
Interim report for Q1 2016 (1 January - 31 March 2016)
LM Wind Power reports:
- For Q1 2016, revenues of EUR 231.6 million (up 33.9% year-on-year) and EBITDA of EUR 38.5 million (up 86.0% year-on-year)
- EBIT of EUR 22.2 million for Q1 2016, compared with EUR 9.7 million in Q1 2015
- A net profit of EUR 8.5 million for Q1 2016, compared with EUR 7.2 million in Q1 2015 (which benefited from an FX gain of EUR 14.5 million)
- Liquidity of EUR 93.1 million as at 31 March 2016, compared with EUR 129.2 million as at 31 December 2015
- Net debt of EUR 131.2 million as at 31 March 2016 and a leverage ratio (Net Debt / EBITDA) of 1.08x, compared with net debt of EUR 94.6 million as at 31 December 2015 and a leverage ratio of 0.92x
| EUR millions | Q1 2016 | Q1 2015 |
| Revenue | 231.6 | 173.0 |
| Operating profit before depreciation and amortization (EBITDA) | 38.5 | 20.7 |
| Results from operating activities before special items (EBIT) | 22.2 | 9.7 |
| Profit before income tax | 14.1 | 14.1 |
| Profit for the period | 8.5 | 7.2 |
| EUR millions | ||
| Results from operating activities before special items (EBIT) | 22.2 | 9.7 |
| Depreciation and amortization | 16.3 | 11.0 |
| EBITDA | 38.5 | 20.7 |
This interim report for Q1 2016 has not been audited or reviewed.
Contact details:
Chris Springham
VP, Global Communications, HR & Sustainability
+31 6 14814919
Or
Lene Mi Ran Kristiansen
Senior Manager, Communications & Sustainability
+ 45 5138 8236
