Siemens Cautions That Currency Challenges Will Affect 2026 Performance; CEO Stands by Mid-Term Goals

Siemens' Financial Outlook: Siemens AG has warned that adverse currency movements will negatively impact its growth and profit margins, projecting a sales increase of 6%-8% for the next year, while its earnings per share forecast fell short of estimates.

Challenges for German Manufacturers: German companies, including Siemens, are facing a challenging economic environment, with high corporate tax burdens and a sluggish export economy contributing to a reduced growth forecast for Germany.

Trade Deficit with China: Germany is projected to experience a record trade deficit of €87 billion with China this year, highlighting the struggles of German manufacturers to compete with Chinese companies.

Economic Policy Concerns: There is growing concern regarding Germany's economic policy effectiveness, as confidence wanes in its ability to address structural issues and boost productivity through innovation and investment.