Finance
Siemens CFO says political uncertainties weighing on customers decisions
Published by Global Banking & Finance Review®
Posted on March 19, 2025
1 min readLast updated: January 24, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on March 19, 2025
1 min readLast updated: January 24, 2026
Siemens CFO Ralf Thomas reports customer hesitancy due to political uncertainties, affecting decision-making globally. Despite this, Siemens maintains a strong order backlog.
ZURICH (Reuters) - Siemens is seeing some hesitancy among customers in the United States due to political uncertainties, Chief Financial Officer Ralf Thomas said on Wednesday, although he does not expect the situation to last.
"Whenever there is uncertainty on the political side, that translates into a kind of paralysis for decisions makers," Thomas told a Bank of America conference in London.
"We see that in a broad space at the moment, not only restricted to the U.S. but also other geographies and the tensions related to the political environment," he added. "They will definitely not accelerate decision making processes any time soon."
Still, Siemens said long-term demand for its products "seemed to be ok", Thomas said, while the company also had a big order backlog of 118 billion euros ($129 billion) to work through.
($1 = 0.9167 euros)
(Reporting by John Revill, Editing by Rachel More)
The main topic is the impact of political uncertainties on Siemens' customer decisions globally.
Siemens experiences customer hesitancy and delayed decision-making due to political uncertainties.
Siemens remains optimistic with a strong order backlog and stable long-term demand for its products.
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