Siemens CEO says has abandoned 100 billion euro sales target
BERLIN (Reuters) - German engineering group Siemens' (SIEGn.DE) new chief executive Joe Kaeser said an annual sales target of 100 billion euros ($135 billion) set under his predecessor, had been abandoned for good.
"If it helps market confidence, then I declare the 100 billion euro goal formally to be dissolved, but I believe that has already been anticipated for some time," Kaeser told analysts after the company published quarterly financial results on Thursday.
Kaeser said Siemens would still strive for growth but "growth is only good if it comes with value, profitability and content", he said.
($1 = 0.7392 euros)
(Reporting by Maria Sheahan)
DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.