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Siemens (SI) U.S. Sales Up 18% in 4th Quarter 2012


11/8/2012 10:55:00 AM

WASHINGTON--(BUSINESS WIRE)--Siemens AG (NYSE: SI) today announced strong results for the fourth quarter of fiscal 2012 and achieved its outlook for the year. "A strong fourth quarter enabled us to fulfill our expectations for fiscal 2012 and achieve one of our best years ever. Even so, we didn’t fully succeed in significantly boosting our performance vis-à-vis our competitors, as we did in recent years. To get back to reaching our own goals, we've launched Siemens 2014, a company-wide program aimed at raising our Total Sectors profit margin to at least 12 percent. We know what we have to do – and we’re doing it," said Siemens CEO and President Peter Loescher.

Read at BioSpace.com

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