Siemens Energy has slashed its 2023 profit outlook after faulty components at the wind turbine fleet of its Siemens Gamesa business raised warranty and maintenance costs, marking the latest setback in their troubled relationship.
has slashed its 2023 profit outlook after faulty components at the wind turbine fleet of its Siemens Gamesa business raised warranty and maintenance costs, marking the latest setback in their troubled relationship.
The various issues resulted in a 472 million euro hit to Siemens Gamesa's first-quarter operating profit, with finance chief Beatriz Puente saying that the negative impact on cash flow would last up to eight years."Regarding those components and those phenomena we identified, my judgment is that, yes, this is it," Eickholt said, adding that he expects fewer problems to be found in future quality checks.
AlsterResearch analyst Oliver Wojahn said the provisions had been set at a high level that reduced the likelihood of future negative surprises.
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