Siemens: presents strategy for Siemens Energy to 2023

(CercleFinance.com) - At its strategic presentation for the period following its split from the Siemens group, Siemens Energy has said that it is targeting an adjusted EBITA margin before extraordinary items of 6.
5%-8.5% for FY 2023.

In order to improve its profitability, the group intends to optimise its operational processes worldwide, adapt its portfolio to market conditions and gradually steer innovation towards sustainability and service.

In addition to the already announced savings of 1 billion euros by FY 2023, Siemens Energy currently expects to achieve additional gross savings of over 300 million euros (relative to FY 2018).


Copyright (c) 2020 CercleFinance.com. All rights reserved.