Siemens CEO expects modest q-on-q growth in orders and revenue in Q4

We do expect a decent quarter in Q4, says Joe Kaeser

  
The Siemens logo is seen near a building in Siemensstadt in Berlin, Germany, October 31, 2018. Image used for illustrative purpose.

The Siemens logo is seen near a building in Siemensstadt in Berlin, Germany, October 31, 2018. Image used for illustrative purpose.

REUTERS/Hannibal Hanschke

ZURICH - Siemens Chief Executive Joe Kaeser said the engineering company has seen the worst of the coronavirus crisis and expects modest growth in orders and revenue in its fourth quarter running from the July to September, compared with the previous quarter.

"We do expect a decent quarter in Q4," although there remain uncertainties connected to the pandemic, Kaeser told reporters.

"We expect sequential growth and that would suggest actually that we have seen the bottom," he added. "But we will certainly not see year over year growth."

(Reporting by John Revill; editing by John Stonestreet) ((John.Revill@thomsonreuters.com; +41 58306 7022; Reuters Messaging: john.revill.thomsonreuters.com@reuters.net))