In June, Siemens Energy scrapped its profit forecast and warned that costly failures at wind turbine subsidiary Siemens Gamesa could drag on for years, sending shares tumbling.
The 2.2 billion euro hit will see Siemens Energy's net loss for the year increase to around 4.5 billion euros, the company said in its third-quarter earnings report Monday. The Siemens Gamesa board is currently undergoing a review of the quality issues, which some analysts have suggested could"The quality problems really result from the past, but I think we have too fast rolled out platforms into the market," Bruch told CNBC's "Squawk Box Europe" on Monday.
Though well below worst-case estimates, Siemens Energy said the 2.2 billion euro hit will push its net loss for the year to around 4.5 billion euros —significantly worse than previously expected.
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