Siemens (SI) confirms it won't meet its full-year targets following a series of write-downs on a...

|About: Siemens AG (SIEGY)|By:, SA News Editor

Siemens (SI) confirms it won't meet its full-year targets following a series of write-downs on a major offshore wind project and its JV with Nokia, and can't rule out further writedowns at the wind power ops. FQ2 profit of €981M is below consensus. FY profit guidance lowered to €5.2B-5.4B from €6B.