The
deficit
compares
to
a
profit
of
€13m
during
the
same
three
months
of
2011,
and
comes
despite
a
33%
increase
in
revenues
to
€777m
from
€585m.
The
company
showed
a
before-interest-and-tax
(Ebit)
loss
of
€5m,
against
a
gain
of
€28m
in
the
first
quarter
of
2011.
The
wind
group’s
Ebit
margin
was
-0.6%,
compared
to
4.7%.
However,
Gamesa
says
it
is
still
in
line
to
reach
its
guidance
and
show
a
profit
and
a
positive
free
cash-flow
in
2012.
“The
macroeconomic
and
industry
situation,
growing
price
competition
(mainly
in
China),
and
the
costs…
