Due to the continuing complex macroeconomic
environment influenced by the coronavirus pandemic (COVID-19), demand declined
while growth opportunities increased.
Siemens has completed its structural realignment and thus successfully executed a key part of its Vision 2020+ strategy by listing Siemens Energy in the Prime Standard segment of the Frankfurt Stock Exchange on September 28.
Succession process is now concluded for Siemens AG’s leadership team with new Managing Board set up under leadership of Roland Busch, effective October 1, 2020, to lead next phase of Siemens’ transformation.
Complex macroeconomic environment strongly influenced by the coronavirus pandemic (COVID-19), noticeably affected volume and income of Siemens’ businesses in Q3 FY 2020.
Despite the coronavirus pandemic (COVID-19) Siemens was able to maintain stable performance near normal levels in the second quarter of fiscal year 2020.
In the first quarter of fiscal year 2020, Siemens continued strong order intake.