Investopedia: Siemens Says The Easy Work Is Done

The last year or two has seen a fairly remarkable rebound in sales, orders and profits for major industrial companies around the world. With a shareholder update Tuesday morning, German conglomerate Siemens (NYSE:SI) has started waving the caution flag. While none of what Siemens said suggests that another global (or even regional) recession is in the making, it does largely confirm that the easy days of the recovery are over and further growth is going to have to come from the more difficult "blocking and tackling" that ultimately separates the long-term winners and losers.


Siemens' Update Short on Details and Long on Influence 
Siemens offered an update to investors that essentially revealed that the company expects revenue to be flat sequentially and up from last year, with profits down sequentially and also up from last year. Order growth is slowing, and management believes that most of the tailwind of the economic rebound is now done.

Going into some of the details, Siemens indicated that the health care and renewable energy businesses are underperforming, lighting is challenging, and the industrial markets are still relatively healthy.

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