© Siemens

Siemens Gamesa Renewable Energy (SGRE) also recorded a lower volume of major orders; Q2/2017 included a €1.4 billion order for an offshore wind farm and services in Germany. Although revenue increased overall as a result of the merger with Gamesa, on a like-for-like basis it was down 9%. Profitability also declined due to personnel restructuring expenses and integration costs.