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Siemens Sees Brisk Demand Persist Through Cost, Supply Pressure

  • Company is more than making up for supplier cost inflation
  • Focus on cost savings, efficiencies to protect margins: CEO
Updated on

Siemens AG said strong orders from all markets are set to continue in coming months, helping the company combat mounting inflation and supply-chain problems that are weighing on returns. 

The German industrial giant, reporting a quarterly net loss that missed expectations Thursday, said it’ll double down on efficiencies to offset the drag as well as passing on higher costs to customers.