As fears about climate grow, Siemens CEO sees opportunities

DETROIT (AP) — As the world increasingly focuses attention on climate change, Roland Busch, the CEO of Siemens AG, says his company is well-positioned to help manage the challenges.

Munich-based Siemens specializes in making buildings, factories and railroads more efficient through digitalization and automation. And its medical unit includes technology that could lead to faster treatments for stroke patients.

Siemens has predicted 5% to 7% annual revenue growth for the next three to five years, based largely on its expectation that demand for its products involved in energy efficiency will steadily increase. Siemens' stock is up roughly 14% this year. And 13 of 21 industry analysts who follow it give the company a buy rating, according to FactSet.

Busch, who became CEO in February, has been with Siemens for more than a quarter-century.

The Associated Press spoke recently with him about energy savings, manufacturing efficiencies, medical imaging and the the future of rail travel. The interview was edited for clarity and length.

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Q: The United States and other countries are emphasizing efficient buildings as one way to fight climate change. Is that what's fueling much of your growth predictions?

A: We talked about our core markets, 440 billion euros, growing 4% or 5%. These are already markets driven by sustainability as well as automation and digitalization, which is, I think, where all the stimulus money goes. Why would you invest in old stuff when you really can stimulate the new? Your new administration has clear targets to expand or defend technology leadership against others, eventually China. We can contribute. We have very strong software business in the United States. A very strong footprint in building technologies.

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Q: How would a consumer benefit from...