Markets news Monday: European/German industrial giant Siemens expects to win orders of €15 billion from stimulus programs; Green technologies to account for 40%
Jun 22nd, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Markets news on stocks, currencies and commodities: European and German industrial giant Siemens said today it expects to win new orders of around €15 billion in the next three fiscal years 2010 until 2012, which will be generated by government stimulus programs already announced around the world. Green technologies are expected to account for 40% or approximately €6 billion of this total, which will significantly increase the share of the company’s revenues from its environmental portfolio in the future. Siemens based this forecast on an initial systematic analysis of the largest stimulus programs.