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Siemens expects supply chain bottlenecks to ease during 2022 - CFO

Reuters
Siemens fiscal Q1 results

ZURICH (Reuters) - Siemens expects problems from supply chain constraints and COVID-19 to ease during the next 12 months, Chief Financial Officer Ralf Thomas said on Thursday.

"We also expect that, by the second half of fiscal 2022, pricing measures will, to the greatest possible extent, compensate for inflation in the costs of raw materials, components, and labour," Thomas said in comments prepared for a press conference for the company's fourth quarter results.

(Reporting by John Revill, editing by Kirsti Knolle)