Siemens Sees Brisk Demand Persist Through Cost, Supply

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.

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

• 32%

• 26%

• 20%

• 15%

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

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

What type of acquisitions is Siemens focusing on?

• Large-scale manufacturing plants

• Bolt-on acquisitions in software

• Real estate properties

• Automobile companies

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

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

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