Russia’s Gazprom said today that Siemens Energy was ready to help repair damaged equipment for the Nord Stream 1 gas pipeline, but there was nowhere available to carry out the work, Reuters reports. In a statement, Gazprom said that Siemens Energy is participating in the repair work under an existing contract between the two companies […]
Tag: Siemens
Siemens: Russia and Siemens Energy led to Q3 losses
Siemens reported quarterly losses for the first time in the last 12 years between April and June, despite strong demand from the industrial sector, thanks to the blow it suffered from its investment in Siemens Energy and its exit from its market of Russia. In particular, the company announced net losses of 1.66 billion euros […]
Solz: Nord Stream 1 turbine is ready and can be delivered to Gazprom – Russia’s problem is ‘political’
“The turbine is working and can be moved and used at any time,” Chancellor Olaf Solz said, referring to the technical problem that Gazprom is citing to limit the supply of natural gas to the Nord Stream 1 pipeline. Mr. Solz called political fueling the excuses of the Russian side. “It’s quite clear and simple. […]
Gazprom insists: Siemens is responsible for not having received the Nord Stream turbine
A senior official at Russia’s state-controlled Gazprom said today that the company is still waiting for the return of Siemens Energy’s turbine for the Nord Stream 1 pipeline, blaming the delay on the German company. However, Siemens Energy reiterated that it was up to Gazprom to provide the necessary customs documents to return the turbine, […]
18% rally in natural gas after Gazprom ‘scissors’ in Germany
LAST UPDATE 17:10 Russia’s Gazprom announced today that it had reduced its gas supply capacity to Germany by more than 40% via the Nord Stream gas pipeline, as the German group Siemens did not export the necessary equipment to Russia. “Gas deliveries via the Nord Stream pipeline can only be guaranteed up to the level […]
Siemens: Particularly positive operating performance and growth in the second quarter of fiscal year 2022
In the second quarter of 2022 (January – March), Siemens continued its growth and achieved strong operating performance, as stated in its announcement. “The increase in orders and revenue once again reflects our customers’ confidence in our support for digitization, automation and sustainability. In an extremely demanding environment, our business continues to thrive,” the company […]
Siemens: Leaving Russia, expecting a blow to the results of the second quarter
Siemens has announced that it will leave Russia, with the blow to its operations affecting the second quarter. The German industrial group said that second-quarter earnings were affected by around € 600 million due to impairments and other charges relative to Russia, mainly in the mobility sector. Siemens net profit fell on an annual basis […]
Increased profits and revenue for Siemens in the first quarter
Siemens announced higher profits and revenue for the first quarter as it continues to focus on trying to redefine itself as a technology-focused company. Net profit for the quarter to the end of December stood at 1.64 billion euros compared to 1.38 billion euros in the previous year. Siemens stressed that it took advantage of […]
Increase profits and revenue from Siemens
Siemens announced an increase in quarterly revenue and orders as its industrial activities strengthened. The German industrial group reported a net profit of 1.17 billion euros, compared to 1.76 billion euros a year ago, although last year’s figures included about 800 million euros in discontinued operations, as a result mainly the spin-off of Siemens Energy. […]
Once it was Siemens: German Gigaset released a smartphone with a removable battery
The German Gigaset Communications, once a division of the well-known German conglomerate Siemens, and now just its subsidiary, has released its new product – a smartphone called the Gigaset GS5. Made in Germany, the model boasts a “twist” that has rarely been found lately – a removable battery. Gigaset GS5 is equipped with a 6.3-inch […]