Resumption of orders to stimulate project activity and generate gains for Siemens

Siemens’ product mix, operating leverage and price hikes to help boost margins.

Topics
siemens | Capital goods


Record order intake, improving business prospects and the prospect of expanding margins led to higher profits for major capital goods company, Siemens. The positive outlook for the stock follows management’s comments on growth opportunities at an analyst meeting last week. Given the outlook, the stock was in the green amid market weakness on Monday.


TO READ THE FULL STORY, SUBSCRIBE NOW FOR JUST RS 249 PER MONTH.

SUBSCRIBE TO PERSPECTIVES


What do you get on Business Standard Premium?


WHERE






Dear reader,

Business Standard has always endeavored to provide up-to-date information and commentary on developments that matter to you and that have wider political and economic implications for the country and the world. Your constant encouragement and feedback on how to improve our offering has only strengthened our resolve and commitment to these ideals. Even in these challenging times stemming from Covid-19, we remain committed to keeping you informed and updated with credible news, authoritative opinions and incisive commentary on relevant topical issues.
However, we have a request.

As we battle the economic impact of the pandemic, we need your support even more so that we can continue to bring you more great content. Our subscription model has received an encouraging response from many of you who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of bringing you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practice the journalism we are committed to.

Support quality journalism and subscribe to Business Standard.

digital editor

First published: Tuesday, June 14, 2022. 11:26 a.m. IST

About Jun Quentin

Check Also

Locomotive Traction Transformer Market Size, Share and Forecast to 2028 | ABB, JST Transformers, Mitsubishi Electric, Siemens, Avago Technologies – Instant Interview

There “locomotive traction transformer market » the research examines the market estimates and forecasts in …