July 13, 2018 / 7:28 AM / a year ago

Siemens to unveil updated strategy on August 2

FILE PHOTO: People pass Siemens flags ahead of the company's annual shareholders meeting in Munich, Germany, January 31, 2018. REUTERS/Michael Dalder/File Photo

FRANKFURT (Reuters) - German engineering group Siemens (SIEGn.DE) said it would present an updated strategy when it published its quarterly financial results on Aug. 2.

“CEO Joe Kaeser and CFO Ralf P. Thomas will explain our Q3 FY 2018 financial results and will outline a strategy update,” it said in an invitation send to journalists.

A person familiar with the matter told Reuters last month that the group’s new corporate strategy included plans to trim the number of industrial divisions to three from five.

Reporting by Maria Sheahan; Editing by Caroline Copley

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