Published: May 17th, 2024,
Last updated: May 30th, 2025

Weak demand and competition in China are causing Siemens’ flagship Digital Industries division to struggle longer and harder than expected. It will take until well into the second half of the year for clients there to clear their warehouses and place more new orders again, said CEO Roland Busch. Sectors such as the solar industry and electric cars are suffering from overcapacity. In addition, the important export-driven markets in Europe, such as Germany, are only recovering very slowly.