Due to some seasonality, Q1 was weak. But benefits should come in H2 as the short-cycle business is expected to recover steadily over the year. The second half will also benefit from the restructuring plan Vision 2020+. Management confirmed its full-year guidance. Last night, it also confirmed BB’s rumours of being interested in buying the 8.1% Iberdrola stake in SGRE.
05 Feb 2020
Slow start into the year
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Slow start into the year
Siemens Aktiengesellschaft (SIE:WBO) | 0 0 0.4% | Mkt Cap: 93,908m
- Published:
05 Feb 2020 -
Author:
Luis Pereira -
Pages:
3
Due to some seasonality, Q1 was weak. But benefits should come in H2 as the short-cycle business is expected to recover steadily over the year. The second half will also benefit from the restructuring plan Vision 2020+. Management confirmed its full-year guidance. Last night, it also confirmed BB’s rumours of being interested in buying the 8.1% Iberdrola stake in SGRE.