FRANKFURT—German engineering company Siemens saw the volume of business contract by as much as 20 percent in the three months to June, and activity in 2021 would stay below 2019 levels, the chief financial officer told German financial newspaper Boersenzeitung.
Ralf Thomas told Saturday’s edition of the newspaper that the company’s financial third quarter, which runs April to June, “will be a big challenge for us, as for most other market participants as well” due to the coronavirus crisis.
