Electrawinds SE reported earnings results for the first quarter of 2013. For the quarter, the company reported total operating revenues increased by 24% from EUR 26.5 million to EUR 32.9 million. The increase in revenues comes from both the Wind and Biomass segments.

The operating result amounts to EUR 1.8 million and the net result shows a loss of EUR 8.9 million. The net result includes a non-cash tax charge of EUR 1.3 million mainly due to the use of deferred tax assets as a number of subsidiaries realized taxable profits.