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Lack of transformers hinders the global green transition

Transformers are a crucial component for moving electrical energy. But the war in Ukraine and the growth of renewable energy have increased delivery times to over two years on average. ....

United States , Wood Mackenzie , Hitachi Energy , Virginia Transformer Corporation , North American ,

Siemens Stock Dips On Weak Q2 Profit, Orders; Backs FY24 View

Siemens Stock Dips On Weak Q2 Profit, Orders; Backs FY24 View
finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.

Ralf Thomas , Siemens Healthineers , Siemens Energy , Digital Industries , Siemens Energy Investment , Chief Financial Officer , Industrial Business , Ihr Portfolio ,

German giant Siemens reports stable sales and falling profits

Siemens, one of the largest manufacturing companies in Europe, saw its sales remain at €19 billion (about $21 billion) in the last quarter, and profits fall by 38% to €2.2 billion. Announcing the figures on Thursday, the company said the fall in profits was largely due to the fact that it had recorded a billion-euro profit in the same quarter of the previous year as a result of the rising value of its stake in Siemens Energy. The Digital Industries (DI) division, which has performed particularly ....

Roland Busch , Digital Industries , Siemens Energy , Smart Infrastructure ,