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Siemens Energy reviews outlook as troubles at wind division deepen -Breaking

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© Reuters. FILE PHOTO – A Siemens Energy AG logo is pictured at Siemens Energy’s initial public offer (IPO), held September 28th 2020, Frankfurt Stock Exchange, Frankfurt, Germany. REUTERS/Ralph Orlowski

FRANKFURT – Siemens Energy Tuesday stated that they were reviewing their full-year outlook, after Siemens Gamesa wind turbine division revealed another quarter loss.

Company also claimed that the environment for business had become more difficult due to war in Ukraine, as well as sanctions imposed by Russia. They added that they could not exclude further negative consequences on sales and profits in 2022.

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