Siemens Aktiengesellschaft Sponsored ADR (SIEGY)
Siemens Aktiengesellschaft (SIEGY) Q4 2024 Earnings Call Transcript
Siemens Aktiengesellschaft (OTCPK:SIEGY) Q4 2024 Earnings Conference Call November 14, 2024 4:00 AM ET Company Participants Tobias Atzler - Senior Manager, IR Roland Busch - President & CEO Ralf Thomas - CFO Conference Call Participants Martin Wilkie - Citi James Moore - Redburn Atlantic Andrew Wilson - JPMorgan Jonathan Mounsey - BNP Paribas Max Yates - Morgan Stanley Ben Uglow - Oxcap Analytics Simon Toennessen - Jefferies Alexander Virgo - Bank of America Merrill Lynch Phil Buller - Berenberg Gael de-Bray - Deutsche Bank Operator Good morning, ladies and gentlemen, and welcome to the Siemens 2024 Fourth Quarter Conference Call. As a reminder, this call is being recorded.
Siemens to cut up to 5,000 jobs in automation business after downturn
Siemens could cut up to 5,000 jobs worldwide in its struggling factory automation business, Chief Executive Roland Busch said on Thursday.
Trump's proposed tariffs will lead to higher global inflation, Siemens CEO says
Roland Busch, CEO of Siemens, says President-elect Donald Trump's proposed tariffs are set to push up inflation and lead to higher global prices, although he doesn't expect a direct hit to his business.
Siemens flags geopolitical risks ahead after profit falls
Siemens reported a drop in profit at its industrial business on Thursday and lowered its sales target for next year, citing geopolitical risks like trade conflicts and weak consumer demand.
Siemens can make more acquisitions after Altair deal, exec tells paper
Siemens has the financial muscle for further software acquisitions after its $10.6 billion purchase of U.S. industrial software company Altair , managing board member Cedrik Neike said.
Siemens could sell down stakes in listed companies to fund Altair deal
Siemens could sell off part of its stakes in Siemens Healthineers , Siemens Energy and Fluence to help fund its $10.6 billion Altair acquisition, Chief Financial Officer Ralf Thomas said on Thursday.
Siemens acquires AI specialist Altair Engineering
German industrial giant Siemens announced Wednesday it had acquired software specialist Altair Engineering, valuing the US company at around $10 billion, with the aim of strengthening its position in artificial intelligence.
Siemens to buy engineering software firm Altair in $10.6 bln deal
Siemens will buy American engineering software firm Altair Engineering in a deal valued at $10.6 billion, the German company said on Wednesday, as it seeks to strengthen its presence in the fast-growing industrial software market.
SIEGY vs. GWW: Which Stock Is the Better Value Option?
Investors with an interest in Industrial Services stocks have likely encountered both Siemens AG (SIEGY) and W.W. Grainger (GWW).
What Makes Siemens AG (SIEGY) a Strong Momentum Stock: Buy Now?
Does Siemens AG (SIEGY) have what it takes to be a top stock pick for momentum investors? Let's find out.
Siemens looks to digital platform to tackle automation downturn
Siemens is looking to its online digital platform Xcelerator to support future growth, including at its factory automation business which has been hit by weakening demand in China and Europe, managing board member Peter Koerte said.
SIEGY or GWW: Which Is the Better Value Stock Right Now?
Investors interested in Industrial Services stocks are likely familiar with Siemens AG (SIEGY) and W.W. Grainger (GWW).
