Siemens warns slump in Chinese demand may continue for ‘several quarters’ :
German conglomerate remains bullish on long-term outlook for China despite plunge in ...
ft.com/content/3c0428d4-ece8-4deb-a0c9-770d91665638
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Key FactsSiemens warns of continued decline in demand in China
Aug 10, 2023 · Reading time: ~30 sec.
Summary created with AI assistance · Source: ft.com
Summary created with AI assistance · Source: ft.com
- Siemens remains optimistic about China in the long term despite a plunge in quarterly orders
- Demand for Siemens products and services in China is likely to weaken until next year
- Siemens' digital industries are particularly dependent on China
- Siemens shares fall more than 5% due to disappointing results
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Siemens CEO says customers looking outside China for new investments: Siemens (SIEGn.DE) is seeing changing investment patterns by some customers regarding China ...
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Key FactsSiemens Confirms Growth Outlook After Strong Q2 Results
May 15, 2025 · Reading time: ~45 sec.
Summary created with AI assistance · Source: reuters.com
Summary created with AI assistance · Source: reuters.com
- Siemens anticipates a 3 to 7% revenue increase for the full year despite rising uncertainties.
- In the second quarter, industrial profit rose by 29% to 3.24 billion euros, aided by a gain from the sale of its wiring business.
- Sales increased by 7% to 19.76 billion euros, while orders grew by 10%.
- Despite challenges in the digital industry sector, Siemens is witnessing improvement across most business areas, particularly in Smart Infrastructure.
Our customers continue to rely on our technology, and our global footprint demonstrates our resilience.— Roland Busch, CEO of Siemens, in a statement confirming the company's growth outlook.
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Key FactsSiemens invests 500 million in Erlangen and criticizes location
Jul 13, 2023 · Reading time: ~30 sec.
Summary created with AI assistance
Summary created with AI assistance
- Siemens is investing half a billion euros in its Digital Industries site in Erlangen.
- Planned investments in Germany amount to one billion euros.
- Already known investments in Forchheim, Frankfurt, and Erlangen.
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