A host of issues from the quality of Siemens Gamesa's wind turbines to potentially loss-making contracts is set to cost €2.2 billion (US$2.4 billion), the company said on Monday. This will lift 2023's net losses to around €4.5 billion, Siemens added, despite Monday's third-quarter update boasting a record order backlog of €106 billion. "The quality problems really result from the past, but I think we have too fast rolled out platforms into the market," chief executive Christian Bruch explained.