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Siemens announces the appointment, effective March 1, 2024, of Jörg Vocke as the new CEO of Siemens Real Estate , the Group's real estate company. In this role, he will report to Ralf Thomas, CFO and...
By Giulia Petroni Siemens anticipates a slowdown in revenue growth next year, with global demand for automation products not expected to pick up again until the second half. The German...
Siemens Energy AG slumped by a record over escalating issues at Siemens Gamesa Renewable Energy SA, the latest in a long line of costly problems uncovered at the wind turbine unit. The shares plummeted as much as 36% after the Spanish division uncovered worse-than-expected quality flaws at its onshore wind turbines, delaying turnaround efforts. Siemens Energy, scrapping its annual profit guidance, warned that additional costs may exceed €1 billion ($1.1 billion).
By Pierre Bertrand Siemens said Wednesday that it will most likely share details on how it will divest its shareholding in Siemens Energy in November. The German industrial company intends... | May 17, 2023
By John Revill ZURICH (Reuters) - Siemens reported better-than-expected quarterly profit at its industrial business on Wednesday and raised its full-year sales and profit guidance, boosted by a strong start to its 2023 fiscal year.