Siemens kicks off its capital markets day today, Thursday, and just prior to opening the event sends an announcement about what the day will feature, including upgrading its financial guidance for the medium-long-term.

Over a cycle of 3-5 years, Siemens expects a comparable annual revenue growth of 5-7 percent against the prior guidance of 4-5 percent growth. Further, the group forecasts a annual high single-digit percentual rise in earnings per equity share.

Siemens also reports starting a new equity buy-back program worth up to EUR 3bn set to begin in fiscal year 2022 and extending until 2026.

English Edit: Daniel Frank Christensen

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