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☆ Stock Market Today: Dow Futures, Bond Yields Fall
▼ + stars: | 2023-06-23 | by ( ) www.wsj.com time to read: +1 min

Bonds rallied , stocks were poised to slip and oil dropped on concern that global interest-rate hikes could push the world economy into recession. S&P 500 futures fell 0.5%. Dow industrials futures slipped 0.3% and Nasdaq-100 contracts ticked down 0.6%. Ten-year U.K. gilt yields slipped to 4.241% from 4.371%, a day after the Bank of England raised rates by half a percentage point. The cryptocurrency has rallied in recent days after BlackRock filed for a spot bitcoin exchange-traded fund.

Persons: Bonds, bunds, Germany’s Dax Organizations: Federal Reserve, Dow, Nasdaq, Bank of, Siemens Energy, Nikkei, Brent, BlackRock Locations: Bank of England, Europe, Asia, Shanghai, Saudi Arabia

☆ Siemens Energy wind farm issues could have implications across whole sector: Analyst
▼ + stars: | 2023-06-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSiemens Energy wind farm issues could have implications across whole sector: AnalystNicholas Green, head of European capital goods at Alliance Bernstein, discusses the impact of Siemens Energy's more-than 1 billion euro ($1.09 billion) Gamesa wind-farm component issues.

Persons: Nicholas Green, Alliance Bernstein Organizations: Siemens Energy, Alliance, Siemens

☆ Canada is calling Meta’s bluff
▼ + stars: | 2023-06-23 | by ( ) www.reuters.com time to read: +2 min

If Australia is any guide, Meta’s intended blackout will likely be short-lived. Meta has insisted it is unfair to expect the company to pay publishers when it drives traffic to their websites. Lawmakers are pushing for similar rules in Meta’s home state of California and in the U.S. Congress. Meta says it makes 40% of its revenue, which was $117 billion last year, in the U.S. and lists Australia and Canada among its most significant regions. If Canada calls Meta’s bluff, the tech giant may just as easily fold against Uncle Sam.

Persons: Meta, Mark Zuckerberg’s, Uncle Sam, Anita Ramaswamy, Jennifer Saba, Katrina Hamlin Organizations: YORK, Reuters, Facebook, Google, U.S . Congress, Meta, Twitter, Siemens, Telecom Italia, Vivendi, Intel, Thomson Locations: Canada, Australia, California, U.S

☆ EU's industry chief defends data rules criticised by Big Tech
▼ + stars: | 2023-06-23 | by ( Foo Yun Chee | ) www.reuters.com time to read: +2 min

BRUSSELS, June 23 (Reuters) - European Union industry chief Thierry Breton on Thursday defended draft rules aimed at preventing non-EU governments from gaining illegal access to EU data, saying they were not protectionist. The draft Data Act, which Breton proposed early last year, is in the final stage of negotiations between the European Commission, EU countries and EU lawmakers. "Our European data strategy is to unlock a wealth of big data and set out how that data should be shared, stored and processed. Big U.S. tech companies have said the Data Act could impede international data transfer, and European companies have also criticised it. He will seek to persuade them to sign up to his AI Pact that aims to get companies to implement EU AI rules ahead of their enforcement in two years' time.

Persons: Thierry Breton, Breton, Elon Musk, Mark Zuckerberg, Jensen Huang, Sam Altman, Foo Yun Chee, Barbara Lewis Organizations: Union, European Commission, EU, Big U.S, Siemens, SAP, Twitter, Meta, Nvidia, Singapore, Thomson Locations: BRUSSELS, San Francisco, Asia, Europe

The company has provided more than 132 gigawatts (GW) of wind turbines as of the end of April this year to all global regions: 108 GW of onshore wind and 22 GW of offshore wind. The discovery of faulty components at Siemens Gamesa's onshore wind turbines had already caused a charge of nearly half a billion euros in January. Siemens Gamesa has provided wind turbines to some of the biggest power companies and oil and gas majors worldwide. Shares in European wind turbine producers Nordex (NDXG.DE) and Vestas (VWS.CO) also fell as confidence in the industry was shaken. Many wind power developers have already seen delays in projects due to the availability of components and rising costs.

Persons: Siemens Gamesa, Spain's, Denmark's, Nina Chestney, Christoph Steitz, Susan Fenton Organizations: Siemens Energy, Siemens, SIEMENS, WHO, Scottish Power Renewables, East Anglia, Poland's PGE, Siemens AG, Thomson Locations: Spain, Europe, Americas, Britain, North, Baltica, Baltic

Siemens Energy CEO Christian Bruch said on Friday that the takeover of Siemens Gamesa had not been a mistake and that the price had seemed right at the time when the offer was made. 'SO MANY QUESTIONS'Top-20 investor Deka Investment said "significantly greater efforts" were now needed by Siemens Energy, chaired by Siemens veteran Joe Kaeser, to restore trust. Berenberg analysts pointed out that Siemens Energy had given a fairly upbeat view on Siemens Gamesa along with second-quarter results only a month ago, and that Thursday's announcement did not fit with the recent communication. Siemens Energy CEO Bruch also cited the need to fix Siemens Gamesa's corporate culture, hinting at the fact that the company's merger never fully worked and that major management mistakes were made. When asked earlier this month on whether Siemens Energy was doing well enough to master the challenges of the energy transition, Kaeser said the management team led by Bruch was strong.

Persons: Felix Schroeder, Schroeder, Christian Bruch, Siemens Gamesa, Jochen Eickholt, Spain's, Joe Kaeser, Bruch, Kaeser, Christoph Steitz, Christina Amann, Susan Fenton, Louise Heavens Organizations: Siemens Energy, Siemens, Siemens Gamesa, Union Investment, Deka Investment, Deutsche Bank, Thomson Locations: FRANKFURT, BERLIN, Bray, European

☆ Europe stocks open lower to round off gloomy week; Siemens Energy down 30%
▼ + stars: | 2023-06-23 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

The Stoxx 600 index was down 0.2% at 9 a.m. in London, with most sectors in the red. Oil and gas stocks fell 1.9% as oil prices traded lower, and banks dropped 1.6%. A few sectors managed gains, with food and beverage up by 0.65% and health-care stocks 0.9% higher. China's central bank last week lowered lending rates as the economy's much-anticipated post-Covid rebound stutters. Oil prices are on course for a more than 3% drop this week, according to Reuters, pulled down by demand concerns and the economic growth outlook.

Organizations: Siemens Energy, Bank of England, European Central Bank, U.S . Federal, Reuters Locations: London, Asia, Pacific, U.S

☆ Siemens Energy scraps profit outlook as wind turbine troubles deepen
▼ + stars: | 2023-06-22 | by ( Christoph Steitz | ) www.reuters.com time to read: +2 min

Issues at the company's Siemens Gamesa unit have been a drag on the parent, and the announcement marks the latest blow to Siemens Energy's efforts to get these under control following a full takeover of the business. Frankfurt-listed Siemens Energy shares were down 12.8% at 1849 GMT after the announcement, which follows the initial discovery of faulty components at Siemens Gamesa in January that caused a charge of nearly half a billion euros. Siemens Energy said that an extended technical review of Siemens Gamesa's installed turbine fleet and product designs was launched following that is says was a substantial increase in failure rates of components. "We are also reviewing assumptions critical to the existing business plans given productivity improvements are not materializing to the extent previously expected," Siemens Energy said. Problems at Siemens Gamesa had already caused Siemens Energy to tone down its profit outlook last month, expecting its profit margin before special items at the lower end of its 1%-3% target range for the fiscal 2023 year.

Persons: Siemens Gamesa, Christoph Steitz, Anirudh, David Gregorio, Conor Humphries Organizations: Siemens Energy, Siemens, Siemens Gamesa, Thomson Locations: Frankfurt, FRANKFURT, Bengaluru

BEIJING, June 21 (Reuters) - A slowdown in both the Chinese and global economies is the biggest issue affecting European firms in China, beating political tensions with the United States and decoupling, according to the European Chamber of Commerce in China. The number of European firms that see China as a top-three destination for future investment was at its lowest total on record, the chamber's annual position paper released on Wednesday said. As rising interest rates and inflation squeeze demand in Europe and the United States, companies in China are in contrast battling a sharp decline in prices as the risk of deflation weighs on the world's second-largest economy. BASF (BASFn.DE), Maersk (MAERSKb.CO), Siemens (SIEGn.DE), and Volkswagen (VOWG_p.DE) are among the members of the chamber. The chamber's findings, which were based on the views of members from February to early March, revealed that a record number of companies had lost business last year due to market access and regulatory barriers.

Persons: Xi, Ursula von der Leyen, Joe Cash, Angus MacSwan Organizations: European Chamber of Commerce, BASF, Maersk, Siemens, Volkswagen, Thomson Locations: BEIJING, China, United States, Europe

☆ China's state planner signs letter of intent to cooperate with European corporate giants
▼ + stars: | 2023-06-21 | by ( ) www.reuters.com time to read: +2 min

BEIJING, June 21 (Reuters) - China's state planner this week signed letters of intent in Berlin on cooperation with European corporate heavyweights in areas ranging from aviation and chemicals to automobiles, as the world's second-largest economy seek to lobby for stronger ties with Europe. The Chinese state planner said it will work with the relevant companies to advance cooperation in areas including sustainable aviation fuel, low-carbon product production, and new-energy vehicles. Li, who was on his first overseas visit since becoming premier in March, had warned against any economic decoupling from Beijing. "Lack of cooperation is the biggest risk, and lack of development is the biggest insecurity," he said. Reporting by Ethan Wang and Ryan Woo in Beijing, Twinnie Siu in Hong Kong; Editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

Persons: Premier Li Qiang, Li, Ethan Wang, Ryan Woo, Twinnie Siu, Jonathan Oatis Organizations: Airbus, BASF, Siemens, Benz, BMW, Volkswagen, China's National, Reform, Premier, European Union, Thomson Locations: BEIJING, Berlin, Europe, China, Germany, West, Beijing, Hong Kong

☆ UK startup Helixx leans on Siemens to design EV 'factory in a box'
▼ + stars: | 2023-06-19 | by ( Nick Carey | ) www.reuters.com time to read: +2 min

LONDON, June 19 (Reuters) - UK startup Helixx said on Monday it will use Siemens' (SIEGn.DE) open digital platform to help design a highly-automated 'factory in a box' that can be built anywhere to assemble smaller, low-cost electric vehicles (EVs), initially for large Asian cities. The 'digital twin' technology provided by the Siemens Xcelerator will help Helixx design the factory and plan supply chain requirements, Helixx and Siemens said. Some EV startups have turned to contract manufacturers, as Fisker has done with Magna and Foxconn, but the concept of providing a factory and "white label" EV designs for clients is new. "We have reimagined the way the vehicles go together so you can get a factory producing vehicles anywhere in the world, just like a McDonald's franchise," Pegg said. So far Helixx has raised about 1 million pounds ($1.3 million) and Pegg said building its prototype fleet will require around 3 million pounds.

Persons: Steve Pegg, Pegg, Helixx, Nick Carey, Emelia Sithole Organizations: Siemens, Reuters, EV, Magna, Thomson Locations: United Kingdom, Britain, Singapore

☆ Chinese delegation to meet with Germany's top corporate brass next week
▼ + stars: | 2023-06-16 | by ( ) www.reuters.com time to read: +3 min

FRANKFURT/BERLIN, June 16 (Reuters) - A Chinese delegation led by Premier Li Qiang will meet Germany's top CEOs next week as part of a visit to Europe, hoping to strengthen ties at a time when Berlin is pursuing a strategy to lessen its economic dependence on Beijing. A meeting between Li and a group of German and Chinese CEOs is scheduled for June 19, according to people familiar with the plans. Mercedes-Benz (MBGn.DE), SAP (SAPG.DE) and Siemens Energy (ENR1n.DE) all confirmed that their CEOs would meet with the delegation. The CEO of Volkswagen (VOWG_p.DE) division Audi will also participate, a person familiar with the matter said. BASF (BASFn.DE), Bayer (BAYGn.DE), Infineon (IFXGn.DE), Volkswagen (VOWG_p.DE) and BMW (BMWG.DE), all companies with major business ties to China, declined to comment.

Persons: Premier Li Qiang, Li, Li Shufu, Mercedes, Roland Busch, Olaf Scholz, Robert Habeck, Andrew Small, Marshall, Siegfried Russwurm, Ilona Wissenbach, Hakan Ersen, Christoph Steitz, Ludwig Burger, Patricia Weiss, Christina Amann, Andreas Rinke, Rene Wagner, Sarah Marsh, Jan Schwartz, Alexander Huebner, Raju Gopalakrishnan, Louise Heavens Organizations: Premier, Mercedes, Benz, SAP, Siemens Energy, Volkswagen, Audi, Beijing Automotive Group Co, HK, Siemens, Pacific Committee, BASF, Bayer, Infineon, BMW, Thomson Locations: FRANKFURT, BERLIN, Europe, Berlin, Beijing, China, Asia, German, Germany, Frankfurt, Hamburg, Munich

☆ Siemens to invest $2.2 bln to ramp up global production
▼ + stars: | 2023-06-15 | by ( John Revill | ) www.reuters.com time to read: +3 min

[1/4] Siemens CEO Roland Busch announces their plans for a new Singapore plant, at their office in Singapore June 15, 2023. Siemens will also increase its research and development spending by 500 million euros this year, the company said on Thursday. The company, which employs 311,000, is seen as a bellwether for the health of the global industrial economy. Siemens also wants to grow faster than rivals and increase market share, Busch told analysts last month. Still, on Thursday Siemens said it was also investing 140 million euros to expand its digital factory in the Chinese city of Chengdu and building a new R&D centre in Shenzhen.

Persons: Roland Busch, Edgar Su, Busch, Wirtschaftswoche, John Revill, Tomasz Janowski Organizations: Siemens, REUTERS, Company, Deal, Thomson Locations: Singapore, ZURICH, United States, Europe, Beijing, Washington, China, Chengdu, Shenzhen

☆ China industry minister, Siemens CEO discuss digital manufacturing, development
▼ + stars: | 2023-06-14 | by ( ) www.reuters.com time to read: 1 min

BEIJING, June 14 (Reuters) - China's industry minister met Siemens' (SIEGn.DE) chief executive on Wednesday and discussed intelligent manufacturing, digital economy development and the digital transformation of small and medium-sized enterprises, the ministry said. The minister, Jin Zhuanglong, said the Chinese government attaches great importance to promoting the deep integration of the digital economy, according to a statement from the ministry of Industry and Information Technology. Chief Executive Roland Busch said the company wants to further expand Siemens' investment in China, and further strengthen cooperation with China, according to the statement. Reporting by Beijing newsroomOur Standards: The Thomson Reuters Trust Principles.

Persons: Jin Zhuanglong, Roland Busch Organizations: Siemens, Industry, Information Technology, Beijing, Thomson Locations: BEIJING, China

☆ Siemens plans new plant in Singapore in Asia expansion
▼ + stars: | 2023-06-13 | by ( ) www.reuters.com time to read: +1 min

BERLIN, June 13 (Reuters) - Siemens (SIEGn.DE) plans to build a new plant for its industrial automation division in Singapore, the company said on Tuesday, as it expands its business in Asia to serve booming orders for automation technology. "Siemens intends to build a new, state-of-the-art Digital Industries (DI) factory in Singapore - as part of its strategy to strengthen global diversification and resilience," a spokesperson for the company told Reuters. The company will announce further details of its plans on Thursday, the spokesperson said. The project's price tag is estimated to be at a low three-digit million-euro sum, Wirtschaftswoche magazine, which first reported the news, said, citing company sources. Reporting by Alexander Huebner and Riham Alkousaa; Editing by Sharon SingletonOur Standards: The Thomson Reuters Trust Principles.

Persons: Siemens, Roland Busch, Wirtschaftswoche, Alexander Huebner, Sharon Singleton Organizations: Siemens, Digital Industries, Reuters, Thomson Locations: BERLIN, Singapore, Asia, China, Amberg, Germany

☆ A leaked Amazon sales playbook lays out how companies in every industry can use generative AI
▼ + stars: | 2023-05-26 | by ( Eugene Kim | ) www.businessinsider.com time to read: +2 min

It shows that Amazon expects nearly every industry and business to adopt generative AI in some form. The analysis is part of a 12-page internal document, titled "Generative AI Sales Playbook." The mainstream success of ChatGPT and other consumer apps has shown users how generative AI can improve search and productivity. Amazon's analysis shows that companies can use generative AI for even more tasks, such as drug discovery and development or misinformation governance and national security. The analysis mentions the Congressional Research Service, Hyundai, and Siemens among the companies already taking advantage of generative AI.

☆ Strikes, Delays and Lost Luggage: How to Survive Air Travel This Summer
▼ + stars: | 2023-05-25 | by ( Elaine Glusac | The New York Times | ) www.nytimes.com time to read: +27 min

Illustration by Yukai Du Strikes, Delays and Lost Luggage: How to Survive Air Travel This Summer With the travel season in full swing, we compiled a guide to help you navigate the year’s most hectic time in the skies. If you don’t care which beach, shop around.” If you haven’t booked summer flights, do it now. For one, avoiding the airports with the highest levels of delays and cancellations last summer may be a good idea. They’re also getting longer inside airport lounges, longtime havens from the masses clogging the terminals at peak times. Standard membership in Priority Pass, a network of 1,300 airport lounges, starts at $99 a year, with each visit costing $35 at that level.

Persons: Yukai Du, we’ve, haven’t, Hopper, What’s, ”, Laura Lindsay, Ted Rossman, Priceline, Mr, Rossman, Charlotte Douglas, Toronto Pearson, it’s, “, Carter Langston, Rhonda Lawson, C.B.P, you’ve, you’re, You’ll, Lawson, Emmanuel Macron, Tomasz Pawliszyn, Jamie Larounis, Larounis, they’re, SITA —, They’re, Eric Goldmann of Atlanta Organizations: Bureau of Labor Statistics, Google, Miami, JetBlue, Heathrow Airport, Amsterdam Schiphol, Gatwick, Air Canada, Labor, Newark Liberty International, La Guardia Airport, Kennedy Airport, Reagan, Miami International, Orlando International, Boston Logan International, Charlotte Douglas International, Toronto Pearson, Federal Aviation Administration, Washington , D.C, Customs, Western, Gulf, Phoenix, Transportation Security Administration, Global, Border Protection, Clear, PreCheck, Heathrow, Air, SNCF, U.S . State Department, Smart, Union, Travelers, New Tech, Airlines, Lufthansa, Siemens, Alaska Airlines, KLM, U.S . Bureau of Transportation Statistics, Apple, The Department of Transportation, American, Venture, Dallas Fort Worth International, JPMorgan Chase, Club, Chase Sapphire Reserve, Americas Locations: Europe, United States, Asia, San Francisco, Jacksonville, Fla, Miami, London, Amsterdam, U.S, La, New York, Washington, Charlotte, N.C, Newark, Orlando, Toronto, Sydney, Jakarta, Frankfurt, Munich, Heathrow, Washington ,, States, Denver, Seattle, Reno, Nev, Gulf Coast, Atlantic, Houston , New Orleans, Atlanta, Luton, T.S.A, ’, noncitizens, France, Britain, Italy, Germany, Berlin, Dutch, Swiss, Delta, United, Hong Kong, Dallas, Boston, North, Central, South America, Dallas , Newark

☆ Slowdown, recession or boom? Bank of America reveals the global stocks to play each eventuality
▼ + stars: | 2023-05-19 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

The investment bank screened for stocks based on their ability to withstand fluctuations in a slowdown, recession, and boom. "Historically, the 'Recession' phase is the typical successor of the 'Slowdown' phase, but a 'Boom' phase has also followed 'Slowdown' in the past." Under this scenario, Bank of America screened for stocks that are "high quality, [large] size, growth-over-value, rising momentum and low risk". For this scenario, Bank of America looked for stocks it defined as high quality, large, value-over-growth, and low risk. For this eventuality, the Wall Street bank identified stocks it considers value-over-growth, rising momentum, high risk, small market cap, and low quality.

☆ Siemens raises full year outlook after 2nd quarter sales beat
▼ + stars: | 2023-05-17 | by ( John Revill | ) www.reuters.com time to read: +3 min

The company had already raised its full-year outlook in February, citing strong demand and its massive order backlog, which increased to 105 billion euros ($115.58 billion) in the second quarter. The raised guidance came after Siemens reported its second quarter revenue jumped by 14% to 19.42 billion euros ($21.38 billion). Analysts in a company-compiled poll had expected 18.59 billion euros. Industrial profit in the three months to the end of March rose 47% to 2.61 billion euros, missing forecasts for 2.70 billion euros. The group's industrial profit includes gains made by its digital industries, smart infrastructure, mobility and health care businesses, which form the core of its operations.

☆ Siemens raises full year outlook after Q2 sales beats forecasts
▼ + stars: | 2023-05-17 | by ( John Revill | ) www.reuters.com time to read: +2 min

ZURICH, May 17 (Reuters) - Siemens (SIEGn.DE) raised its full year sales and profit guidance on Wednesday after the German engineering and technology group beat sales forecasts during its second quarter. The raised guidance came after Siemens reported its second quarter revenue jumped by 14% to 19.42 billion euros ($21.38 billion). Analysts in a company-compiled poll had expected 18.59 billion euros. Industrial profit in the three months to the end of March rose 47% to 2.61 billion euros, missing forecasts for 2.70 billion euros. The group's industrial profit includes gains made by its digital industries, smart infrastructure, mobility and health care businesses, which form the core of its operations.

☆ Morning Bid: Are we there yet? Market holds breath for debt ceiling deal
▼ + stars: | 2023-05-17 | by ( ) www.reuters.com time to read: +3 min

A look at the day ahead in European and global markets from Ankur BanerjeeNervousness in the market over the looming U.S. debt ceiling deadline prevailed through the Asian hours and will remain the main focus for investors as Europe wakes up. McCarthy, the speaker of the House of Representatives, told reporters the two sides remained far apart on an agreement. But he said, "It is possible to get a deal by the end of the week. European markets are set for a lower open, with traders waiting for April inflation data for the eurozone. Japan's economy emerged from recession and grew faster than expected in the first quarter as a post-pandemic consumption rebound offset global headwind.

☆ Siemens raises full-year outlook after second-quarter sales beats forecasts
▼ + stars: | 2023-05-17 | by ( ) www.cnbc.com time to read: +2 min

Siemens raised its full year sales and profit guidance on Wednesday after the German engineering and technology group beat sales forecasts during its second quarter. The raised guidance came after Siemens reported its second quarter revenue jumped by 14% to 19.42 billion euros ($21.38 billion). Analysts in a company-compiled poll had expected 18.59 billion euros. Industrial profit in the three months to the end of March rose 47% to 2.61 billion euros, missing forecasts for 2.70 billion euros. The group's industrial profit includes gains made by its digital industries, smart infrastructure, mobility and health care businesses, which form the core of its operations.

We're initiating a position in GE Healthcare (GEHC), buying 325 shares at roughly $79 each. GE Healthcare is the global leader in medical imaging, diagnostics, and digital solutions. GE Healthcare is one of the global leaders in Precision Diagnostics with an industry-leading injectable pharmaceutical portfolio in contrast media and molecular imaging. GE Healthcare is one of a few companies that offer a full suite of products and solutions to support patients. GEHC YTD mountain GE Healthcare YTD performance Analysts see GE Healthcare growing EPS to $4.33 in 2024, about a 15% increase from this year's outlook.

☆ Siemens raises outlook after Q2 sales beats forecasts
▼ + stars: | 2023-05-17 | by ( ) www.reuters.com time to read: +1 min

ZURICH, May 17 (Reuters) - Siemens (SIEGn.DE) raised its full year sales and profit guidance on Wednesday after the German engineering and technology group beat sales forecasts during its second quarter. The company had already raised its full-year outlook in February, citing strong demand and its massive order backlog, which increased to 105 billion euros ($115.58 billion) in the second quarter. The raised guidance came after Siemens reported Q2 revenue increasing by 14% to 19.42 billion euros. Analysts in a company gathered consensus of forecasts had expected 18.59 billion euros. Industrial profit in the three months to the end of March rose 47% to 2.61 billion euros, missing forecasts for 2.70 billion euros.

☆ We're very confident about our order backlog, says Siemens Energy CFO
▼ + stars: | 2023-05-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're very confident about our order backlog, says Siemens Energy CFOMaria Ferraro, CFO of Siemens Energy, discusses the company's earnings and the planned energy transition.

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