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.
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VIDEO: Siemens Sees Infrastructure Business Reaching Margin Target
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