Siemens to Exit Russia Business, Sanctions Hit Earnings

The transcript discusses Siemens' decision to wind down its industrial business in Russia due to the challenging environment and sanctions. It highlights the impact of this decision on Siemens' financials and the broader implications of a potential Russian gas embargo on Siemens and its customers. The company confirms its market outlook despite challenges such as rising interest rates, supply chain bottlenecks, and the Shanghai lockdown. Siemens also addresses its pricing strategy amidst inflation and supply shortages, emphasizing its ability to maintain market share and deliver products.

What was the reported growth in Siemens' order intake during Q2?

• 18%

• 15%

• 22%

• 10%

How long has Siemens been operating in Russia before deciding to wind down its business?

• 100 years

• 170 years

• 200 years

• 150 years

What is Siemens' primary energy source, making it less affected by a potential gas embargo?

• Coal

• Gas

• Electricity

• Oil

What is the expected growth range for Siemens' industrial business as per the updated guidance?

• 6-8%

• 8-10%

• 3-5%

• 10-12%

Which major global event is causing supply chain bottlenecks for Siemens?

• Shanghai Lockdown

• US-China Trade War

• Middle East Conflict

• Brexit

What is Siemens' strategy to manage the impact of inflation on its pricing?

• Increase production

• Switch suppliers

• Mindful price adjustments

• Reduce workforce

In which business area did Siemens capture market share due to its ability to deliver?

• Automation

• Renewable Energy

• Healthcare

• Telecommunications