Roland Busch

We are running according to businesses.

One is digital industries.

which is all about the software, the automation piece.

One is smart infrastructure.

Here you find our building technology, medium voltage, low voltage, but also the grid, grid automation, grid control, grid control software.

The third element is Siemens mobility, where we have our trains, high speed, locomotives, commuter, metro, light rail, but also rail infrastructure, including turnkey projects, which is part of that.

And the last one, since we are still consolidating the Siemens Healthineers, which we hold still some 70%, which is Siemens Healthineers' own listed company, DAX listed company, we are about to let go.

So we announced a spinoff of 30% from the...

65-ish kind of.

But it's a separate company.

So that's how we organized.

Of course, we have our corporate organizations like strategy, IT.

We run obviously horizontally.

We have our M&A department, talked about our portfolio.

So that's what a corporation normally has got.

And maybe one more special thing is we still have research.

So we still invest out of our 8% in terms of revenue or 6.5 billion.

A portion of that goes into research advance.

So we work on quantum computer.

We don't build ones, but we run on the software, the middleware, how to use it, the applications.