November 29, 2022

Siemens upbeat outlook contrasts with gloomy image at

Siemens upbeat outlook contrasts with gloomy picture at

Siemens upbeat outlook contrasts with gloomy picture at

Two German industrial conglomerates Siemens and ThyssenKrupp have given contrasting alerts in regards to the future, with the previous predicting larger margins whereas ThyssenKrupp expects earnings to fall over the subsequent 12 months.

Siemens on Thursday mentioned {that a} record-high backlog of orders was anticipated to spice up margins subsequent 12 months, serving to the maker of trains and automation software program buck the gloomy financial outlook.

However ThyssenKrupp warned that rising rates of interest, coupled with excessive vitality prices…

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