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Siemens CFO says political uncertainties weighing on customers decisions
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Siemens CFO says political uncertainties weighing on customers decisions
Mar 19, 2025 6:00 AM

ZURICH, March 19 (Reuters) - Siemens is

seeing some hesitancy among customers in the United States due

to political uncertainties, Chief Financial Officer Ralf Thomas

said on Wednesday, although he does not expect the situation to

last.

"Whenever there is uncertainty on the political side, that

translates into a kind of paralysis for decisions makers,"

Thomas told a Bank of America conference in London.

"We see that in a broad space at the moment, not only

restricted to the U.S. but also other geographies and the

tensions related to the political environment," he added. "They

will definitely not accelerate decision making processes any

time soon."

Still, Siemens said long-term demand for its products

"seemed to be ok", Thomas said, while the company also had a big

order backlog of 118 billion euros ($129 billion) to work

through.

($1 = 0.9167 euros)

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