Peter H. LoescherThank you, Mariel. Welcome, and good morning to everybody. Before I walk you through Q3, let me give you a brief perspective on key macroeconomic indicators relevant for our business. Overall, the near-term global GDP growth expectations have come down and are somewhat sluggish, with growth rates around 2.7% for 2012 and 3% for 2013. We have seen quite a cooling down in demand in important end markets that are driven particularly by the export-oriented German industry, as you can also see from the current IFO level or VDMA numbers.
Siemens AG Management Discusses Q3 2012 Results - Earnings Call Transcript
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts