Thursday 6 November 2014

Siemens core profit hurt by wind power charges

A Siemens logo is pictured on an office building of Siemens AG in Munich BERLIN (Reuters) - German engineering group Siemens missed expectations for fourth-quarter core profit, hurt by charges for faulty wind turbines that pushed its wind power division to a loss. Siemens, one of Germany's biggest companies and a major exporter of goods from trains to turbines to hospital equipment, posted total sectors profit up 28 percent to 2.2 billion euros ($2.76 billion), missing the average estimate of 2.25 billion euros in a Reuters poll. ...




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