The company also said operating margin had increased to 6% from 4.4 in Q1 2013, while operating profit was EUR 34 million. Net financial debt had fallen 10% to EUR 655 million.
Sales of 567MW were in line with guidance and 27% higher than Q1 2013. The company was helped by a strong performance in Latin America. Here it achieved 37% of its sales, which was a smaller proportion of overall shares than in 2013 when 53% came from the region.
The proportion of orders in Europe is at 7%, compared to 20% in Q1 2013. While US orders are up to 21% from 8%. Services revenue has also increased by 21.5% to EUR 104 million.
The strong results are a contrast to 2012's Q1s where Gamesa was hit by a EUR 21 million first quarter profit fall. At the time, it said the poor figures were the result of falling prices and costs related to new product development.
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