The manufacturer recorded a net income of €88 million between 1 October 2018 and 30 June 2019 despite "persisting lower pricing", volatility in emerging markets and "execution challenges" in some onshore projects in its third quarter (April - June) of the financial year.
Its revenue for the nine-month period increased 12% year-on-year to €7.28 billion, driven by "strong performance in all businesses", especially the offshore wind industry.
Siemens Gamesa said a particularly strong performance in new offshore markets, such as Taiwan, drove order intake to a quarterly record of €4.7 billion in its third quarter of the year.
Meanwhile, its order intake over the last 12 months increased 2.2% to €12.3 billion. This helped the manufacturer reach a record order backlog of €25.1 billion by the end of June.
Its Ebit margin before power purchase agreement, integration and restructuring costs dipped 0.8 percentage points to 6.5% over the nine month period.
However, the manufacturer attributed this to "short-term headwinds", such as "execution challenges in some onshore projects" and volatility in emerging markets.
It expects the Ebit margin to improve to 7-8.5% for the full 2019 financial year.
Siemens Gamesa added that it is on track to achieve full-year revenue of €10-11 billion.
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