February, 25, 2010 Gamesa reports net profit of 115 million euro

Margins and debt beat the company's own guidance in 2009

Main consolidated figures:

• Revenues: 3.229 billion euro (-16%)
• EBIT: 177 million euro (-24%). Wind turbine division EBIT: +7%
• Net profit: 115 million euro, which is not comparable with 2008 (when results included 143 million euro of extraordinary income on the sale of the solar business) 
• The debt/EBITDA ratio is 0.7 

EBIT margin in the core business improved notably to 7.2% (5.8% in 2008) 

The efficiency plan saved 150 million euro  

Gamesa's global footprint is the key to its future: Europe, USA and Asia account for 73% of wind turbine sales  

The company expects to steadily regain a growth trend in the second half of 2010, followed by a strong recovery in 2011 

Gamesa is readying for a new phase of growth by strengthening its position in new markets, customers and businesses (maintenance), promoting R&D and innovation in new products, and constantly optimising costs and capacity