Siemens Sees Brisk Demand Persist Through Cost, Supply

Siemens Sees Brisk Demand Persist Through Cost, Supply

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Business

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The transcript discusses Siemens' strong order book and market performance, particularly in Asia, despite COVID challenges. It addresses supply chain and inflation issues, highlighting pricing strategies and cost savings. The impact of a €2.7 billion impairment charge from Siemens Energy is examined, along with plans to reduce the stake. Siemens' acquisition strategy, focusing on digital services, is outlined, with Brightly as a key example. The company is preparing for potential recessions and managing Russia-related financial impacts.

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7 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the percentage growth in Siemens' digital industries order intake for the quarter?

32%

26%

20%

15%

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How is Siemens addressing supply chain challenges and inflation?

By halting all production

By outsourcing more components

By reducing R&D investments

By increasing prices moderately

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is Siemens' approach to handling the €2.7 billion impairment charge?

Writing it off completely

Increasing their stake in Siemens Energy

Planning to sell down shares

Ignoring it as it is non-cash

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of acquisitions is Siemens focusing on?

Large-scale manufacturing plants

Bolt-on acquisitions in software

Real estate properties

Automobile companies

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does Siemens plan to prepare for potential economic recessions?

By reducing workforce

By maintaining strong demand and cost control

By increasing production

By expanding into new markets

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the impact of Russia-related impairments in Q3?

Increased mobility costs

Affected Siemens financial service and treasury

No impact reported

Improved financial performance

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key reason for the continued demand in Siemens' markets?

Lower production costs

Higher consumer spending

Increased government subsidies

Desire to reduce CO2 emissions