67% of wind turbine generator sales in international markets

  The wind turbine generator business unit’s sales amounted to €681
million, 22% ore than the sales made in the first three months of 2007.
The MWe sold between anuary and March 2008 grew by 25% when
compared to those of the first quarter of2007. Sixty-seven per cent of
the 836 MWe sold were sold in international markets nd the remaining
33% in Spain. Other European countries accounted for 25%, the United
States 23% and China 14%. Seventy-three per cent of the total number of
wind turbines sold in the first three months of 2008 were accounted for by
the Gamesa G8x2MW product platform and the remaining 27% by the
G5x 850 kW platform. Gamesa managed to maintain its pace of annual
production at 3,600 MW in a difficult environment due to tensions in the
supply chain of components like bearings. The company also started up
a new wind turbine production facility having an annual capacity of
700 MW in China.

Bilbao, May 14, 2008. Gamesa Corporación Tecnológica presented its first quarter results for 2008. The company maintained its steady profitable growth and culminated its focus on wind energy as the main driving force for growth once the sale of its solar unit was finalized. Sales rose by 31% to reach €798 million and net profit amounted to €34 million, 80% more than in the same period in 2007.  EBITDA reached €97 million, a 39% year-on-year increase when compared to the first quarter of last year. The extraordinary gains obtained from the sale of Gamesa Solar will be reflected in future presentations.

  Strong growth in sales at the wind farm unit

 
Gamesa’s Wind Farm Promotion, Construction and Sales unit finished the first quarter with a notable 113% increase in turnover when compared to the first three months of 2007. Turnover amounted to €167 million and equivalent megawatts sold rose by 30%. Spain accounted for 71% of the total of 94 MWe sold in these three months while the United States accounted for 12%.