Siemens Energy site in Muelheim an der Ruhr, Germany, August 3, 2022. Wolfgang Rattay | Reuters Siemens Energy swung to profit in its first fiscal quarter on the back of a surge in orders and a one-off gain from selling a stake in its Indian affiliate to parent company Siemens. The German renewables firm reported … Read more
Siemens Energy site in Muelheim an der Ruhr, Germany, August 3, 2022. Wolfgang Rattay | Reuters Siemens Energy has secured 7.5 billion euros ($8.15 billion) in project-related state guarantees from the German government, hours before announcing a nearly 5 billion euro loss for its fiscal year. The German economy ministry announced late on Tuesday that … Read more
Siemens Vitality CEO Christian Bruch stated Monday that the corporate must decelerate its rollout of recent merchandise after reserving 2.2 billion euros ($2.4 billion) in prices as a consequence of high quality points at its wind turbine unit. In June, Siemens Vitality scrapped its revenue forecast and warned that pricey failures at wind turbine subsidiary … Read more
Siemens Vitality shares plunged 31% on Friday morning after the corporate scrapped its revenue forecast. Wolfgang Rattay | Reuters Siemens Vitality shares plunged 31% on Friday morning after the corporate scrapped its revenue forecast and warned that pricey issues at its wind turbine unit might final years. The corporate, born from the spinoff of the … Read more