Siemens to Exit Russia Business, Sanctions Hit Earnings

The transcript discusses Siemens' decision to wind down its industrial business in Russia due to the challenging environment and sanctions. It highlights the impact of this decision on Siemens' financials and the broader implications of a potential Russian gas embargo on Siemens and its customers. The company confirms its market outlook despite challenges such as rising interest rates, supply chain bottlenecks, and the Shanghai lockdown. Siemens also addresses its pricing strategy amidst inflation and supply shortages, emphasizing its ability to maintain market share and deliver products.

What growth guidance did Siemens provide for its industrial businesses despite the current challenges?

How is Siemens addressing the supply chain bottlenecks caused by the Shanghai lockdown?

What are the expected effects of inflation and supply shortages on Siemens' pricing power?