Business prospects in the Energy Sector of Siemens AG have improved. “There are signs of an upturn in sections of the market for infrastructure in the field of energy technology. Our customers are again increasing their investments in new projects and placing orders. The number of invitations to tender, for which we have submitted bids, has recently increased noticeable,” said Wolfgang Dehen, member of the Managing Board of Siemens and CEO of the Energy Sector, at an investors event.

“Not all of our divisions have bottomed out, but the energy market is now reaching its low point. Major fluctuations are still to be expected in some areas. We can already see encouraging signs of a recovery of demand in business with renewables, power distribution and service.”