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Siemens AG Wittelsbacherplatz 2 80333 München, Germany http://www.siemens.com
Contact Ms Verónica Díaz +34 616 34 87 35
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Siemens AG

Siemens Gamesa unveils its 3-year strategic plan, with the L3AD2020 program, focused on profitable growth and €2 billion of savings, designed to achieve global leadership

(PresseBox) (Madrid, Spain, )
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- The L3AD2020 program has 3 pillars: LCoE (Levelized Cost of Energy), Agility and Digitalization, and it is supported by Change Management program focusing in People and Culture
- The company expects to outperform the market on sales
- The costs saving are focused on procurement, technology and industrial footprint enhancements, as well as the already-announced synergies and restructuring work
- The largest industrial merger clearly confirmed with synergy target almost duplicate to over €400 million and will be delivered one year sooner than anticipated
- Target for 2020 calls for an EBIT margin (pre-PPA and integration and restructuring costs) of 8-10%

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