Wind turbine maker Siemens Gamesa confirmed a bleak outlook for a potentially full-year profit margin on Thursday, hours after appointing a new CEO to try to revive its fortunes.
The world’s largest offshore wind turbine maker, which could help reduce its dependence on carbon for overheating, attributed € 309 million in losses in the first quarter to supply chain problems and costs and problems in land activities.
Based on the most optimistic estimates, the company expects the key earnings margin to reach 1% this year.
Source: Capital
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