Siemens CEO Kaeser on Earnings, Business Overhaul, Trade

The CEO of Siemens discusses the company's recent performance, highlighting a 21% growth in bookings and a slight increase in industrial margins. Despite a 16% slump in the power generation division, the company is focused on restructuring, reducing its divisions from 18 to 3, and pursuing Vision 2020 to enhance profitability and flexibility. The CEO also addresses concerns about trade wars, emphasizing the importance of free trade and market confidence.

What was the year-over-year growth in bookings reported by Siemens?

• 30%

• 15%

• 21%

• 25%

What issue did Siemens face in its gas turbine division?

• Increased competition

• 16% slump in revenues

• Supply chain disruptions

• Regulatory challenges

How many divisions will Siemens have after the restructuring?

• 5

• 10

• 3

• 18

What is the main focus of Siemens' Vision 2020 strategy?

• Expanding into new markets

• Cost-cutting measures

• Increasing workforce

• Growth and profitability

What does the CEO believe is crucial for Siemens' businesses in the coming decade?

• Market expansion

• Technological innovation

• Optionality and flexibility

• Cost efficiency

What is the CEO's stance on the potential impact of trade wars?

• They are not a concern

• They will have a significant impact

• They will boost business

• They create market uncertainty

What does the CEO trust will prevail in the context of trade wars?

• Increased tariffs

• Government intervention

• Reasonable solutions

• Market dominance