The turbine for the Nord Stream 1 gas pipeline serviced by Siemens Energy is still in Germany.

There are still pending discussions as to whether it can be shipped, said Energy boss Christian Bruch on Monday when presenting his company's quarterly figures.

He also emphasized that the maintenance of the turbines at the Nord Stream 1 compressor station could in principle continue - if desired.

This is separate from the current withdrawal from business in Russia.

In principle, the service cycle goes until 2024. However, it is dependent on the customer reporting and saying that something should be done.

Regarding the dispute over the turbine and the possible financial consequences, Bruch said that he saw no contractual risks.

You can clearly show "that we have done everything so that we can deliver".

Since June, Russia has cut back gas supplies via Nord Stream 1.

The energy company Gazprom justified this with the missing turbine.

It is important to build up the pressure required to pump the gas through.

Gazprom repeatedly accused its contractual partner Siemens Energy of not having sent the necessary documents and information to repair the machine.

Siemens Energy rejected the allegations.

Siemens Energy is in the red

Meanwhile, Spanish wind power subsidiary Siemens Gamesa and the cost of withdrawing from Russia have dragged Siemens Energy deeper into the red.

In the third business quarter - from April to June - losses of 533 million euros accumulated, as the company announced on Monday.

In the current year, the minus is already a good one billion.

The company also lowered its expectations for full-year earnings.

Sales in the past quarter, however, remained stable at 7.3 billion euros.

The problems at the wind power subsidiary Siemens Gamesa are now causing poor numbers at Energy for the fifth time in a row.

The company, in which the Munich group holds around two-thirds, had already reported deep red figures last week.

The situation is anything but easy, said CEO Christian Bruch.

He justified the losses with a difficult market situation and "mistakes in the past".

In order to get the difficulties under control, Energy changed the leadership at Gamesa a few months ago.

The new boss Jochen Eickholt, who came from the parent company, is in the process of being restructured - one now expects a consistent implementation of the plans, which also included painful cuts.

In addition, Siemens Energy wants to take over Gamesa completely and integrate it into the group.

The necessary offer is currently being examined by the Spanish stock exchange supervisory authority, said CFO Maria Ferraro.

She expects a decision in the coming weeks.

Overall, we are on course.

No quick fix at Gamesa

Despite all the measures, Bruch does not expect a quick solution from Gamesa.

It will be years before profitability is where it wants to be.

In addition, the otherwise solid Gas and Power division suffered in the past quarter from the reduction in business in Russia, which had a negative special effect of around 200 million euros.

However, the conversion should be completed by the end of the year and should not have any further major financial effects.

The bottom line is that Siemens Energy now expects a higher loss for the entire fiscal year, which lasts until the end of September.

It will be more than the loss of the previous year by almost the amount of the burdens from the Russian business.

At that time it had amounted to 560 million euros.

In contrast, incoming orders and inventories developed positively.

The latter rose to an all-time high of 93.4 billion euros.