ZURICH: Siemens will give 55% of its power business to shareholders when it spins it off in September, the German engineering group said on Tuesday, the latest stage in its shift away from a sprawling conglomerate. The trains to industrial software maker then wants to “significantly” reduce its remaining 45% position within 12 to 18 […]
Siemens sees strongest coronavirus impact in next quarter as second-quarter profit plunges
The trains to industrial software maker said it now expected a “moderate decline” in comparable full year revenue. Siemens had previously predicted moderate growth ZURICH: Siemens expects “even stronger impacts” from the coronavirus pandemic in the weeks ahead, it said on Friday as it ditched its 2020 guidance and posted an 18% drop in industrial […]