Bloomberg News

Siemens CEO Says Time to Act as ‘Next Months Won’t Be Easy’

February 28, 2012

Siemens AG (SIE) Chief Executive Officer Peter Loescher said the coming months “won’t be easy,” and the German engineering company must keep a close eye on margins and profitability, according to an interview with Siemens’s in-house employee magazine.

The Munich-based company’s earnings quality shows that it’s time to act, and Siemens “must work hard” to reach its goals, the executive was cited as saying in the magazine.

To contact the editor responsible for this story: Benedikt Kammel at bkammel@bloomberg.net


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