Siemens Energy announced a loss of 240 million euros in the first quarter of the year, mainly due to the problems of the Siemens Gamesa wind turbine unit, which has become a “weight” for its motherboard after three negative warnings about profits,
Siemens Energy announced most of its results last month when it was forced to cut its estimates shortly after announcing Siemens Gamesa’s supply problems and higher-than-expected costs for a new generation of wind turbines.
The company, which supplies generators and services to the energy sector, also warned that supply chain issues would persist in 2022.
Describing the Siemens Gamesa negative earnings warning as “a setback and frustrating for all shareholders”, Siemens Energy CEO Christian Bruch said the group continued to support recovery efforts, “even in a difficult market environment”. .
Source: Capital
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
