Siemens Expects to Benefit from Worldwide Stimulus Programs     

Siemens expects to win new orders of around Euro 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 Euro 6 billion of this total, which will significantly increase the share of the company's revenues from its environmental portfolio in the future. Siemens released on June 22nd.
   In a country-by-country comparison, the shares of the stimulus program that Siemens can address are the largest in the U.S., where they total slightly more than Euro 85 billion. China comes next with a Siemens-relevant share of around Euro 25 billion, followed by Germany with a share of roughly Euro 5 billion. Major parts of these stimulus programs are earmarked for green technologies. For example, investments in green technologies account for nearly 50% in China and for about 60% in Germany.
   Siemens says it will increase investment in China's alternative energy sources sector over next three years.