Rail News
As fears about climate grow, Siemens CEO sees opportunities
AP
As the world increasingly focuses attention on climate change, Roland Busch, the CEO of Siemens AG, says his company is well-positioned to help manage the challenges.
Munich-based Siemens specializes in making buildings, factories and railroads more efficient through digitalization and automation. And its medical unit includes technology that could lead to faster treatments for stroke patients.
Siemens has predicted 5% to 7% annual revenue growth for the next three to five years, based largely on its expectation that demand for its products involved in energy efficiency will steadily increase. Siemens’ stock is up roughly 14% this year. And 13 of 21 industry analysts who follow it give the company a buy rating, according to FactSet.
Busch, who became CEO in February, has been with Siemens for more than a quarter-century.
Source
https://apnews.com/article/business-health-climate-climate-change-d54b8487d294e1e77f7a64598591b1d0
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