Siemens has cut its full-year profit forecast for 2012 as losses continued in its wind power division.
The German industrial giant now expects to make no more than 5.4bn euros (£4.4bn; $7.1bn) for the year, down from its previous 6bn-euro forecast.
The move came as Siemens revealed a second quarter of sub-par profits.
The firm made 1.9bn euros in the first three months of 2012, down from 3.7bn a year earlier, while its energy division lost 278m euros on wind farm projects.
Siemens has been experiencing problems connecting offshore wind farms in the German North Sea to the power grid.
The division already took charges of 203m euros in the previous quarter for the same reason and the division's head has since been replaced.
"As expected, the second quarter was not easy," said Siemens chief executive Peter Loescher.
"While we achieved clear growth in revenue, orders came in below the prior year due to lower volume from large orders."
He said the firm was still on course to hit 2012 targets in terms of orders and revenue, and the cut in expected profits was only due to the problems in its energy division.
"We are addressing the problems systematically."
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