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Gamesa Corporación Tecnológica posted its first quarter results for 2009.
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Operating profit (EBIT) rose by 36% from € 39 million in the first quarter of 2008 to € 53 million in the first three months of 2009. The corporation’s sales increased by 12% compared to the sales made between January and March 2008 and reached € 800 million. Net profit reached € 32 million. Gamesa ended the first quarter of the year with a consolidated Net Financial Debt level below than the level reached in the first quarter of the preceding year, which was situated at €3 77 million euros, 0.7 times gross operating profit (EBITDA).
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