Comparative Analysis of Q2 2011 Financial Performance of Key Wind Industry Players

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					           Comparative Analysis of Q2 2011 Financial Performance of
                         Key Wind Industry Players
       Reference Code: GDAE0119VPT                                                                                                    Publication Date: October 2011


       1      Table of Contents
       1 Table of Contents.................................................................1
        1.1 List of Tables .................................................................1
        1.2 List of Figures ................................................................1
       2 Summary .............................................................................2
       3 Comparative Analysis of Q2 2011 Financial Performance of
         Key Wind Industry Players ...................................................2
        3.1 Revenue Comparison ....................................................2
        3.2 Net Profit Margin ...........................................................2
        3.3 Company Financial Analysis for Q2 2011 .....................3
          3.3.1    Vestas ..................................................................3
          3.3.2    Nordex..................................................................3
          3.3.3    China Ming Yang Wind Power Group Limited ......4
          3.3.4    Gamesa................................................................4
          3.3.5    REPower Systems Group ....................................4
          3.3.6    Suzlon ..................................................................5
          3.3.7    Goldwind ..............................................................5
       4 Appendix ..............................................................................5
        4.1 Abbreviations.................................................................5
        4.2 Methodology ..................................................................5
          4.2.1    Coverage..............................................................5
          4.2.2    Secondary Research ............................................5
          4.2.3    Primary Research ................................................6
          4.2.4    Modeling and Forecasting ....................................6
        4.3 Contact Us.....................................................................6
        4.4 Disclaimer......................................................................6



       1.1       List of Tables
       Table 1:       Vestas, Key Performance Indicators, Q2 2011.........3
       Table 2:       Nordex, Key Performance Indicators, Q2 2011 ........3
       Table 3:       China Ming Yang Wind Power Group Limited, Key
                      Performance Indicators, Q2 2011 .............................4
       Table 4:       Gamesa, Key Performance Indicators, Q2 2011 ......4
       Table 5:       REPower Systems Group, Key Performance
                      Indicators, Q2 2011 ..................................................4
       Table 6:       Suzlon, Key Performance Indicators, Q2 2011.........5
       Table 7:       Goldwind, Key Performance Indicators, Q2 2011 .....5
       Table 8:       Abbreviations ............................................................5


       1.2       List of Figures
       Figure 1: Revenue Comparison of Key Wind Industry Players
                 for Q2 2011, $m........................................................2
       Figure 2: Net Profit Margin Comparison of Key Wind Industry
                 Players for Q2 2011, $m...........................................2
       Figure 3: Vestas, Shipment Growth Trend Comparison, H1
                 2010 and H1 2011, MW,...........................................3




                                                                                                                                                     Market Analysis Alerts
Comparative Analysis of Q2 2011 Financial                                                                                               GDAE0119VPT / Published OCT 2011
                                                                                                                                                                   Page 1
Performance of Key Wind Industry Players
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       2          Summary                                                                           Suzlon was followed by Goldwind, which registered revenues
                                                                                                    totaling $518.7m. However, the company witnessed a 24.8%
       With the surge in low cost Chinese wind equipment providers,                                 decline in revenues compared to the second half of 2010.
       the global wind market has become oversupplied. The analysis                                 Nordex generated revenues of $340.82m, indicating a year on
       of Q2 financials of key wind companies indicates that some of                                year growth of around 20%. Nordex was followed by REPower
       the major wind equipment companies such as Goldwind, Ming                                    and Ming Yang, which recorded revenues of $336.6m and
       Yang and Nordex witnessed a decline in the year on year                                      $240.9m respectively.
       growth of net profits for Q2 2011. At the same time, companies
       such as Vestas, Gamesa, REPower and Suzlon managed to                                        3.2          Net Profit Margin
       record an increase in the year on year growth of net profits for
                                                                                                    Goldwind recorded the highest net profit margin of around 7.8%
       the same period.
                                                                                                    among the companies evaluated. However, the company
       3          Comparative Analysis of Q2 2011                                                   witnessed a decline in the net profit margin recorded compared
                  Financial Performance of Key Wind                                                 to Q2 2010. This was mainly due to the decline in the average
                                                                                                    selling price of its 1.5 MW wind turbine g
				
DOCUMENT INFO
Description: Comparative Analysis of Q2 2011 Financial Performance of Key Wind Industry Players Summary With the surge in low cost Chinese wind equipment providers, the global wind market has become oversupplied. The analysis of Q2 financials of key wind companies indicates that some of the major wind equipment companies such as Goldwind, Ming Yang and Nordex witnessed a decline in the year on year growth of net profits for Q2 2011. At the same time, companies such as Vestas, Gamesa, REPower and Suzlon managed to record an increase in the year on year growth of net profits for the same period. Scope Its scope includes - - Financial comparison for Q2 2011 for key Solar PV equipment companies, Key financials of these companies - Vestas - Gamesa - Suzlon - Goldwind - Nordex - REPower - Ming Yang Reasons to buy - It provides financial performance of wind equipment provider companies in Q2 2011 - Providing a good representation on the margins and operational parameters of companies - And their comparison with Q2 of last year.
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