Siemens CFO says political uncertainties weighing on customers decisions

Reuters

Wed, Mar 19, 2025, 5:46 AM 1 min read

ZURICH (Reuters) - Siemens is seeing immoderate hesitancy among customers successful the United States owed to governmental uncertainties, Chief Financial Officer Ralf Thomas said connected Wednesday, though helium does not expect the concern to last.

"Whenever determination is uncertainty connected the governmental side, that translates into a benignant of paralysis for decisions makers," Thomas told a Bank of America league successful London.

"We spot that successful a wide abstraction astatine the moment, not lone restricted to the U.S. but besides different geographies and the tensions related to the governmental environment," helium added. "They volition decidedly not accelerate determination making processes immoderate clip soon."

Still, Siemens said semipermanent request for its products "seemed to beryllium ok", Thomas said, portion the institution besides had a large bid backlog of 118 cardinal euros ($129 billion) to enactment through.

($1 = 0.9167 euros)

(Reporting by John Revill, Editing by Rachel More)