Siemens Stock News

Siemens plans to acquire ebm-papst's industrial drive technology division as the German conglomerate seeks to expand it factory automation business, both firms said on Thursday.

Orders and revenue growth will be lower than expected in the second quarter in the company's digital industries segment, primarily due to weakness in China. The company's full-year guidance could be under threat.

Shares of Siemens AG slumped Tuesday as the company's chief financial officer said it's still struggling in China.

As capital goods represent the majority of companies involved with contributing to key aspects of modern, industrialized societies, their respective sizes makes them less likely to exhibit the same kind of volatility that other sectors, like technology, for example, might exhibit.

The supply chain crisis highlighted the need for locally sourced supplies, and this mechanical, electrical, and plumbing services company is a significant beneficiary. This heating, ventilation, air conditioning, and building automation company is winning from investment in commercial buildings.

Automation and smart infrastructure are highly attractive end markets, and their peers trade at significant premiums. The company's healthcare holding gives it stability through the economic cycle.

Siemens Aktiengesellschaft (SIEGY) Q1 2024 Earnings Call Transcript

Siemens intends to remain majority shareholder in Siemens Healthineers and also continue to reduce its holding in Siemens Energy , Siemens AG CEO Roland Busch said on Thursday.