at its wind turbine unit would cost it 2.2 billion euros , well short of worst-case estimates but still casting doubt over whether it will keep the struggling business.net loss more than six-fold in 2023 to 4.5 billion euros, the company said, as it published third-quarter results showing a record order backlog of 106 billion euros due to strong demand.
Its shares were 5.6% lower at 1048 GMT, with Jefferies analysts calling the disclosure "very messy", with a risk of further costs. Others however, including JPMorgan, said the price tag should alleviate fears of an even higher fallout. The new set of problems at Siemens Gamesa, which include potentially loss-making contracts for offshore turbines based on lower prices, have cost the company around a third of its market value, or more than 6 billion euros, so far.
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