Siemens Energy boosts mid-term targets

Revenue is likely to grow at a high single-digit to low double-digit percentage, with a profit margin of 10% to 12% by financial year 2028 (FY28), the company. — Reuters

MUNICH: Siemens Energy AG has raised its mid-term targets after demand for its grid technologies helped offset losses at its beleaguered wind turbine division.

Revenue is likely to grow at a high single-digit to low double-digit percentage, with a profit margin of 10% to 12% by financial year 2028 (FY28), the company said on Tuesday.