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Wind turbine problems weigh on Siemens fourth-quarter profit

2014-11-06 08:21:29| Industrial Machines - Topix.net

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 , missing the average estimate of 2.25 billion euros in a Reuters poll.

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