Wind turbine maker Siemens Gamesa confirmed a gloomy outlook for a potentially negative full-year profit margin on Thursday, hours after naming a new Chief Executive to try to revive its fortunes.
The world's largest maker of the offshore turbines that could help reduce reliance on planet-warming carbon blamed a first-quarter operating loss of 309 million euros ($349 million) on supply chain disruptions and costs, and problems at its onshore division.
Under its most optimistic predictions, the company expects its core profit margin would reach 1% this year.
($1 = 0.8852 euros)
(Reporting by Isla Binnie, editing by Inti Landauro)