The Latest Breaking News from Siemens

The German company has already taken a €600 million hit from sanctions on Russia

Siemens (OTC:SIEGY) is set to give its latest quarterly earnings report on Thursday, 2022-05-12. Here's what investors need to know before the announcement. Analysts estimate that Siemens will report an earnings per share (EPS) of $0.91.

Siemens AG (OTC:SIEGY) plans to invest $54 million in existing and new sites in Texas and California that develop electrical equipment for critical infrastructure systems, including EV charging, data centers, and industrial installations. The investment also encompasses a soon-to-be chosen manufacturing location for EV charging equipment, spurring domestic manufacturing of Level 2 charging.…

Toshiba’s Chief Executive Satoshi Tsunakawa is stepping down, as the embattled Japanese technology giant seeks to restructure and restore its reputation. Tsunakawa will be replaced by Taro Shimada, an executive officer and corporate senior vice president, under a decision made at a Toshiba board meeting Tuesday, the Tokyo-based company said.…

Gateshead's Parmley Graham and Sunderland's AR Controls have partnered with the engineering giant to target a £2.3bn market

Massive leak reveals Swiss bank’s accounts have been used by an array of high-risk clients over several decades

We examine the announcement that the Ford Charge Station Pro, an 80-amp EVSE developed in collaboration with Siemens, has received UL certification.

Other lives: Senior team leader in the healthcare research and development arm of Siemens

Siemens AG (OTC:SIEGY) reported first-quarter FY22 revenue growth of 17% year-on-year to €16.5 billion. Orders rose 52% Y/Y to €24.2 billion. Orders increased 42%, and revenue rose 9% on a comparable basis. Profit Industrial Business increased 12% Y/Y, to €2.5 billion, and the corresponding profit margin came in at 15.7% (Q1 2021: 16.5%). The basic…