On the capital markets day in Houston, Siemens presented the energy division. The headline of the press release was pretty strong and useless. Siemens expects substantially more synergies in the oil and gas business. This is the positive version of an accelerated restructuring programme. According to management, the acquisition of Dresser-Rand and Rolls-Royce will generate substantially more synergies than originally expected. Total synergies have now increased from €200m to €365m b
30 Jun 2016
Hidden profit warning on the CMD?
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Hidden profit warning on the CMD?
Siemens Aktiengesellschaft (SIE:WBO) | 0 0 0.4% | Mkt Cap: 93,908m
- Published:
30 Jun 2016 -
Author:
Heinz Steffen -
Pages:
2
On the capital markets day in Houston, Siemens presented the energy division. The headline of the press release was pretty strong and useless. Siemens expects substantially more synergies in the oil and gas business. This is the positive version of an accelerated restructuring programme. According to management, the acquisition of Dresser-Rand and Rolls-Royce will generate substantially more synergies than originally expected. Total synergies have now increased from €200m to €365m b