Cummins Sets Sales Objective of $30 Billion USD in 2015
16 September 2011
www.chinabuses.org: It is known on 14th Sep. 2011 from Cummins Inc. that its annual sales will grow by more than 60% to reach $30 billion in 2015. Cummins also increased its pre-tax profit margin target to 18% of sales in 2015, from the 14.5% seen for 2011.
Executives highlighted investments in new products and in its distribution network that will enable Cummins to benefit from a number of important key trends that include tightening diesel engine emission standards around the world and regulations around commercial vehicle fuel economy that will allow Cummins to leverage its position as the technology leader in both emissions reduction and improving fuel efficiency; the rising price of energy, which is expected to further increase the demand for fuel-efficient engines. “Several of the economies where Cummins operates are clearly weakening,” said Tom Linebarger, the company’s COO, during a presentation to analysts. “We really don’t know how deep it will go. We are confident in the long-term profitable growth of the company.”
Executives highlighted investments in new products and in its distribution network that will enable Cummins to benefit from a number of important key trends that include tightening diesel engine emission standards around the world and regulations around commercial vehicle fuel economy that will allow Cummins to leverage its position as the technology leader in both emissions reduction and improving fuel efficiency; the rising price of energy, which is expected to further increase the demand for fuel-efficient engines. “Several of the economies where Cummins operates are clearly weakening,” said Tom Linebarger, the company’s COO, during a presentation to analysts. “We really don’t know how deep it will go. We are confident in the long-term profitable growth of the company.”
Source : www.chinabuses.org
Editor : Andrea
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