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Siemens can cope with macro economic uncertainty, tariffs, CEO says

ReutersFeb 13, 2025 6:42 AM

- Siemens SIEGn.DE is in a good position to deal with ongoing macroeconomic and tariff-related uncertainties, although Germany is in crisis mode as it awaits a new government, Chief Executive Roland Busch said on Thursday.

"Our strong strategic position in attractive markets – coupled with a balanced global footprint – is a solid foundation for mastering the ongoing macroeconomic uncertainties," said Busch after Siemens reported its first-quarter results.

This applied "even in the face of the current, politically motivated tariff regimes and potential countermeasures", he added.

Still, Germany - Siemens's home market - was struggling, Busch said, with "companies and society urgently awaiting clarity and action from a new government".

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