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"We
have set up 'guard rails' for new projects to make the risk
structure of projects transparent. Transparency of margins and
risks in our order book is bigger than ever in the history of
Siemens," Boersen-Zeitung quoted Thomas as saying in an
interview published on Saturday.
Siemens, Europe's biggest industrial group, booked one-off
charges of 900 million euros ($958 million) in its financial
year through the end of September 2014 and said at the time it
aimed to lower that figure to an average of 350 million euros.
"The 200 million euros that we had to shoulder in the industrial
business in the full year 2015 were of course still too much,"
Thomas told Boersen-Zeitung.
"But project risks usually result in large sums (of charges)
when they occur, so there should be a certain volatility between
quarters in the future, too."
Siemens last week forecast a return to growth on all levels in
2016 after a year of upheaval in which it axed thousands of jobs
at its energy division and sold its last remaining consumer
businesses.
(Reporting by Maria Sheahan, editing by David Evans)
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