Johnson Controls says it expects to post year-on-year segment income improvement of around 15% and consolidated net sales of US$43.8bn in 2014.
“We are focused on market leadership in our core businesses and driving sustainable performance where we believe we can win,” said Johnson Controls CEO, Alex Molinaroli.
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“This is reflected in our expectations for a successful 2014 as well as the positive outlook we have provided through 2018.”
China is a growth opportunity across all of the company’s businesses, representing more than US$8bn in annual revenues in fiscal 2013, including the company’s non-consolidated joint ventures.
Johnson Controls said it will continue making significant growth investments in the Chinese market, adding it had started construction of a new corporate headquarters building in Shanghai.
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