Siemens has improved its money-making skills when it comes to wind turbines.
The German conglomerate's first quarter interim report, covering the period Oct. 1 to Dec. 31 2016, shows that the wind turbine division delivered a net result of EUR 111 million on a revenue of EUR 1,384 million. This indicates a profit margin of eight percent, which is almost twice as much as in the same period last year, where the result came to EUR 51 million with a top line at EUR 1,197 million.
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