Wind OEM Siemens Gamesa said a record €23.2bn ($27bn) order backlog shows the strong momentum behind its global business, as revenue fell 24% in the latest quarter on lower sales volume and pricing.

The Spanish-German group’s backlog, which rose 14% year on year, was boosted by €3.3bn of orders in the April-June period, its financial third quarter, thanks to 1.7GW