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Siemens Sees Infrastructure Business Reaching Margin Target

German engineer Siemens expects its Infrastructure & Cities business, which has been hit by project delays and restructuring, to reach its profitability target this financial year,... More German engineer Siemens expects its Infrastructure & Cities business, which has been hit by project delays and restructuring, to reach its profitability target this financial year, it said on Wednesday.There has been speculation, brushed off by Siemens' new chief executive Joe Kaeser, that the group might dismantle the I&C business after its performance fell well short of expectations. In the financial year ended September 30, the business posted a margin on earnings before interest, tax, depreciation and amortization of 3.7 percent, well below a target range of 8-12 percent Less

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