Siemens sees no need to shift production due to tariffs

ZURICH, May 15 (Reuters) - Siemens SIEGn.DE currently sees no reason to change its production footprint or raise prices to deal with the impact of tariffs, Chief Financial Officer Ralf Thomas said on Thursday.

"There is no current plan to change anything, we have a very well-balanced global value chain, which is allowing us to respond, most likely better than many of our peers, to changing environments," Thomas told reporters after Siemens reported its second-quarter earnings.

Although Siemens had the ability to raise prices to offset tariffs, this was not an option the company wished to pursue, he said.