Business & Finance
Norway: Statnett Reports Profit After Tax of USD 45 Million
The Statnett Group reports profit after tax of NOK 265 million for the first quarter of 2012. The corresponding figure for the same period in 2011 was NOK 394 million. The reduction was due to downward adjustment of tariffs for 2012 and lower congestion revenues in the period. In the first quarter o
UK: No Value Accorded to SeaEnergy Offshore Wind Services
Research house Edison says that SeaEnergy should see the gap between its market price and the value of its assets close, the ProactiveInvestors reports. Edison analyst Graeme Moyse said that there is a significant gap between the market price of SeaEnergy and the value of its cash balance, and also
Denmark: DONG on Track to Double 2009 EBITDA by 2015
The Board of Directors of DONG Energy has today approved the interim financial report for the first quarter of 2012 with the following outlook and financial highlights compared with the first quarter of 2011: — EBITDA was DKK 3.6 billion in the first quarter of 2012 compared with DKK 4.8 billion in
Spain: ACCIONA Installed Energy Capacity Up by 8.8 pct
ACCIONA Group ended 1Q 2012 with EBITDA of 328 million euro, 6.5% up on same period of last year’s figure. Net attributable profit was down 49%, to 29 million euro, mainly as a result of ACCIONA Energy. Revenues saw a 9.5% rise, coming to 1,591 million euro. The rise in Group’s EBITDA stemmed mainly
Germany: Siemens Q2 Revenue Increases in All Sectors
Revenue grew 9% in the second quarter, including increases in all Sectors and in all three regions supported by Siemens’ strong order backlog. Orders came in 13% lower, due primarily to significantly lower volume from large orders compared to the prior-year period. On an organic basis, excluding cur
Italy: Prysmian Releases Results for First Three Months
The Board of Directors of Prysmian S.p.A. has approved the Group’s consolidated results for the first quarter of 2012 (which are not subject to audit). ” The integration with Draka has led to a significant growth in size – comments CEO Valerio Battista -, allowing sales to be better distributed geog
Norway: Ganger Rolf Announces Net Result After Tax USD 5.62 Million
The Group accounts for the first quarter 2012 comprise Ganger Rolf ASA and its subsidiaries (“The Group of companies”) and the Group of companies´ ownership of associates. Comparable figures for the same period in 2011 in brackets. The accounts are unaudited. The operating result (EBIT) which mainly
UK: Siemens Factory Approval Motivation for Small Businesses
Approval of plans for a Siemens wind turbine factory in Hull, UK, should be a “wake-up call” for small businesses, according to an industry group. Directors of the Renewables Network – which represents more than 250 companies across the green energy supply chain – have welcomed a decision by the cit
UK Announces GBP 5 Million Fund for Offshore Wind Energy
At the Clean Energy Ministerial on 26 April 2012, the Prime Minister welcomed continuing efforts to reduce the costs of offshore wind energy. Innovation has a significant role to play in improving technology and reducing the cost of energy. This second round of offshore wind innovation funding, with
The Netherlands: Interesting Challenges in Offshore Wind Energy Sector
Offshore Energy Exhibition & Conference brings you a series of columns in which prominent industry representatives share their views on key developments in the offshore oil, gas and energy markets. This column is written by Johan van Wijland, Managing Director of Van Oord Offshore Wind Projects. In
Spain: Iberdrola Q1 Net Profit Up 0.7 pct
IBERDROLA’s first quarter net earnings rose 0.7% to €1,022 million with Ebitda up 4.1% at €2,365 million, driven by international growth and despite a decline in Spain where recent regulatory decisions have had a negative effect. Revenues rose 10% to €9,331 million, while gross margin was up 4.1%. N
Germany: RWE Expects Stable 2012 Earnings
After significant one-off burdens caused by energy policy decisions taken in Germany during 2011, RWE will regain ground this year. However, in the first quarter of 2012 the Group was not able to match the result for the same period in the previous year. Declining margins in electricity generation a
Spain: Gamesa Reports Loss in Q1 2012
The complex economic environment, volatility in many of the main wind markets, the new product launches and the industry’s seasonality had a temporary impact on Gamesa’s profitability and debt. Nevertheless, the company’s market and business diversification and the synergies between the wind turbine
France: Reportlinker Announces Power Infrastructure in Europe Report
Reportlinker.com announces that a new market research report is available in its catalogue: Power Infrastructure in Europe This report investigates the current position and the issues for the next generation of Europe’s power industry. Analyze electricity demand profiles in Europe by country. Analyz