New orders were €945m, compared to €1.576 a year earlier, despite Siemens’ winning its biggest ever (593MW) onshore wind order, from MidAmerican Energy, in the final days of 2010.
However revenues from renewable energy rose 74% to €868m, compared to €480m in the first quarter of 2010 on conversion of prior large orders into revenue. EBIT increased to €40m, compared to €14m a year earlier.
“We