Siemens: to cut its number of industrial divisions
(CercleFinance.com) - Siemens CEO, Joe Kaeser plans to merge the group's five industrial divisions into three and over the longer term, build a business around automation and healthcare, analysts at Barclays said, citing an article published by Manager Magazin.
BarCap - which reminds that the German monthly has in the past proven to be well informed - thinks that the move would be a "logical move."
Last year, the broker downgraded its recommendation on the German industrial giant, citing concerns about the group's earnings momentum.
According to Manager Magazin, Joe Kaeser intends to unveil the industrial group's new strategy, entitled "Vision2020 +" in August, at which time it will communicate higher margin targets for its divisions.
Siemens shares are currently up 0.5% in Frankfurt on Friday.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
BarCap - which reminds that the German monthly has in the past proven to be well informed - thinks that the move would be a "logical move."
Last year, the broker downgraded its recommendation on the German industrial giant, citing concerns about the group's earnings momentum.
According to Manager Magazin, Joe Kaeser intends to unveil the industrial group's new strategy, entitled "Vision2020 +" in August, at which time it will communicate higher margin targets for its divisions.
Siemens shares are currently up 0.5% in Frankfurt on Friday.
Copyright (c) 2018 CercleFinance.com. All rights reserved.