Tag: Siemens

Order Growth Drives Siemens’ 18 Percent Revenue Surge in Q4, Proposes to Raise Dividend

November 12, 2021
Business & EconomyBusiness ColumnistsInvestmentMarketsSiemens
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Siemens AG reported fourth-quarter FY21 revenue growth of 18 percent year-on-year to €17.4 billion. Orders rose 26 percent Y/Y to €19.1 billion. Orders increased 16 percent, and revenue rose 10 percent on a comparable basis. Adjusted EBITA margin for Industrial Businesses was 13.8 percent versus 18.7 percent last year. Basic EPS was €1.45, a 34 percent decline from last year….

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Amtrak Plan to Replace Dozens of Aging Trains: Cost $7.3 Billion

July 8, 2021
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DETROIT—Amtrak plans to spend $7.3 billion to replace 83 passenger trains, some nearly a half-century old, though much of the funding must still be approved by Congress. Amtrak said Wednesday that under the contract with German manufacturer Siemens AG, some of the trains will be hybrids, able to operate on diesel fuel and electricity where…

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Boss Says ‘No’ When Employee Asks for Reduced Hours During COVID: ‘You Can’t Sacrifice Your Career’

February 23, 2021
careerCCP VirusCOVIDFamily & HomeInspiredLife & TraditionPeopleSiemens
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When a mom professional employed by industrial software company Siemens requested reduced work hours to manage her kids’ online learning during these exceptional times of a global pandemic, her boss’s answer was simple: no. But as it turned out, he had her best interests at heart. Aaron Genest, an applications engineer at Siemens, posted a tweet that…

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