NFLX earnings call for the period ending December 31, 2021. Read More...
Reuters
Siemens Energy cuts outlook as fresh problems emerge at wind unit
Siemens Energy on Thursday cut its outlook after wind division Siemens Gamesa warned of prolonged supply chain issues, renewing pressure on the German firm to fully take over the unit in order to get a better handle on its problems. Siemens Energy, which owns 67% in Siemens Gamesa, said it now expects a margin on adjusted earnings before interest, tax and amortisation (EBITA) before special items in a range of 2% to 4% in 2022, down from 3% to 5% previously. The announcement came shortly after Siemens Gamesa slashed its outlook for the third time in less than nine months, creating a headache for its German parent which has limited influence on the separately listed subsidiary.
