Siemens announces new growth strategy

Thursday, 24. June 2021 09:29

Siemens AG published a new growth strategy on Thursday which should produce annual revenue growth of 5% to 7%, compared to the previous 4% to 5%.

With the updated financial targets, the company expects earnings per share to come in at "high single digits." It also committed to a "progressive dividend policy."

"Digitalization, automation and sustainability are growth engines for our business. Here, our core business and our digital business reinforce each other in a virtuous cycle. This effect forms the foundation of our growth strategy for achieving more profitable growth," CEO Roland Busch said.

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Breaking the News / MD