Siemens CEO Says Geopolitical Upheaval Could Crimp Orders
- Customers uncertain about the future don’t invest, Kaeser says
- CEO speaks in interview with Bloomberg TV in Singapore
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Siemens AG Chief Executive Officer Joe Kaeser said revenue and orders at Europe’s biggest engineering company may be crimped if geopolitical turbulence leads customers to delay spending on projects.
Foremost among his concerns is the “geopolitical environment, which gives a lot of uncertainty to our customers about investing into the future,” Kaeser said in a Bloomberg TV interview in Singapore on Saturday. “If people don’t invest into new manufacturing, renewable energy, new health-care technology -- these are our revenues and our bookings.”