Profits almost doubled for Danish blade manufacturer

LM Wind Power saw its revenue shoot up past EUR 1 billion for the first time ever. The blade manufacturer shows strong performance in every parameter ahead of the impending divestment.

Photo: LM Wind Power

LM Wind Power seems to have turned things around for real. For the second consecutive year, the bottom line is in the black, according to the company's fourth quarter interim report, released Tuesday.

While the 2015 net result of EUR 5.9 million only barely climbed above zero after six rough years, the Danish blade manufacturer boosted its business in 2016 with a profit of EUR 51.7 million after taxes.

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