Honeywell Outlines Global Growth Strategy And Introduces 2018 Targets At Its Annual Investor Conference
March 05, 2014
Honeywell held its annual investor conference in New York City to outline its new five year targets (2014-2018) and discuss its continued outperformance and growth strategy. The company expects 2018 sales to increase organically $7-$12 billion to $46-$51 billion and segment margins to increase 220-370 bps over 2013 levels to 18.5-20.0%. It also expects to deliver on its previous five-year targets ending this year.
Honeywell User Experience (HUE), a new approach to the design and development of new products and services, was also introduced at the investor conference. HUE starts with the customer experience and deploys rapid prototyping and other design principles that enable faster cycle time and lead to increased customer value and loyalty.
"HUE is another tool for the company to drive higher organic growth, leverage Honeywell's process enablers and build on the 'One Honeywell' culture,” Cote explained. “HUE makes Honeywell's products and services easier to use, more intuitive, more efficient, and more productive. As we continue to embed more software into our products and services and use software to improve our product development process, we also continue to expand our capabilities."
"We're very proud of what we've been able to accomplish and even more excited about where all the seed planting is going to take us," concluded Cote. "Our expansion in key high growth regions and ability to localize our capabilities is another great example of how we'll drive accelerated growth over the next 5 years. The maturity of our key process enablers – Honeywell Operating System, Velocity Product Development™, Functional Transformation, and now the Honeywell User Experience – makes the 'machinery' work better every day, enabling growth and margin expansion well into the future.”