SIE.F - Siemens Aktiengesellschaft

Frankfurt - Frankfurt Delayed Price. Currency in EUR
100.26
-0.64 (-0.63%)
At close: 7:22PM CEST
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Previous Close100.90
Open102.00
Bid100.32 x 100000
Ask100.60 x 100000
Day's Range99.98 - 102.00
52 Week Range99.05 - 125.80
Volume4,407
Avg. Volume5,460
Market Cap81.684B
Beta (3Y Monthly)1.12
PE Ratio (TTM)12.67
EPS (TTM)7.91
Earnings DateN/A
Forward Dividend & Yield3.70 (3.60%)
Ex-Dividend Date2018-02-01
1y Target Est128.67
  • Bloombergyesterday

    Siemens’s CEO Shouldn’t Cancel His Saudi Trip

    (Bloomberg Opinion) -- Joe Kaeser, Chief Executive Officer of Siemens AG, is of two minds whether to attend an investment conference in Riyadh, which other large Western companies have decided to skip after the disappearance of a prominent critic of the Saudi royal family, columnist Jamal Khashoggi. I think Kaeser should go ahead with his travel plans, and that Siemens should remain a “strategic partner” of the event.

  • U.S. Persuades Iraq to Quash Siemens Deal in Favor of GE
    Bloomberg2 days ago

    U.S. Persuades Iraq to Quash Siemens Deal in Favor of GE

    Iraq signed a memorandum of understanding with GE on Monday, after senior U.S. officials warned Iraqi Prime Minister Haider al-Abadi that the future of the U.S.-Iraq relationship would be at risk if his government accepted the deal with Siemens, according to the officials, who asked not to be identified discussing private deliberations. The Financial Times reported the U.S. move earlier Thursday.

  • MarketWatch2 days ago

    GE's stock surges on heavy volume, is on track to snap six-session losing streak

    Shares of General Electric Co. rallied 1.1% in afternoon trade Wednesday, putting it on track to snap a six session losing streak. With 66.5 million shares traded, GE's stock was the most actively traded on the NYSE. The Financial Times reported that GE has won a $15 billion power-generation contract from the Iraqi government, beating out Germany-based rival Siemens AG . GE's stock had tumbled 11.1% amid its six-session losing streak, which followed a six-session win streak in which the stock soared 20.5% after the struggling industrial conglomerate named a new chief executive. The stock was still down 29.9% year to date, while the Dow Jones Industrial Average has gained 4.2%.

  • TheStreet.com2 days ago

    General Electric Rises on Reported Iraq Power-Generation Deal

    for a multi-billion-dollar deal to supply power to Iraq. Munich-based Siemens had been close to securing a contract to supply 11 gigawatts of power-generation equipment to Iraq, a deal worth about $15 billion, but then the Trump administration intervened on behalf of GE, the Financial Times reported, citing unnamed people familiar with the matter. The Trump administration reportedly pressured the Iraqi government, and now "GE is expected to take a substantial share of the sale," the Financial Times said.

  • Siemens may have to share big Iraq power contract with GE - FT
    Reuters2 days ago

    Siemens may have to share big Iraq power contract with GE - FT

    Siemens may have to share a multi-billion dollar deal with U.S. rival General Electric to improve Iraq's energy supply system following an intervention by President Donald Trump's administration, The Financial Times reported on Wednesday. Although no decision has been made, Siemens had been the favourite to win the contract to supply 11 gigawatts of power generation equipment to Iraq in a deal reported to be worth around $15 billion. Siemens has not given up hope of gaining a slice of the contract.

  • Siemens may have to share big Iraq power contract with GE - Financial Times
    Reuters2 days ago

    Siemens may have to share big Iraq power contract with GE - Financial Times

    Siemens (SIEGn.DE) may have to share a multi-billion dollar deal with U.S. rival General Electric (GE.N) to improve Iraq's energy supply system following an intervention by President Donald Trump's administration, The Financial Times reported on Wednesday. Although no decision has been made, Siemens had been the favorite to win the contract to supply 11 gigawatts of power generation equipment to Iraq in a deal reported to be worth around $15 billion. Siemens has not given up hope of gaining a slice of the contract.

  • CNBC11 days ago

    Industrial giant Siemens invests in a start-up that's creating 'human-eye resolution' virtual reality

    The German manufacturer has invested in a start-up developing a ground-breaking virtual reality system for heavy industry.

  • Reuters15 days ago

    Electric airplane startup Zunum chooses Safran engine turbine

    Aircraft manufacturer Zunum, backed by Boeing Co, will use an engine turbine from France's Safran SA to power an electric motor for the hybrid regional airplane it aims to bring into service in 2022, the company said on Thursday. Zunum, based near Seattle, is among several companies seeking to reduce emissions, noise and travel costs with electric planes, underscoring growing investment in lightweight propulsion systems to bring the benefits of electric-cars to the sky. Siemens AG, Rolls-Royce Holdings PLC, and Airbus SA joined forces last year on a hybrid electric aircraft propulsion system, while Honeywell International Inc has developed a high-capacity generator that could be used for electric flight.

  • Electric airplane startup Zunum chooses Safran engine turbine
    Reuters15 days ago

    Electric airplane startup Zunum chooses Safran engine turbine

    Aircraft manufacturer Zunum, backed by Boeing Co, will use an engine turbine from France's Safran SA to power an electric motor for the hybrid regional airplane it aims to bring into service in 2022, the company said on Thursday. Zunum, based near Seattle, is among several companies seeking to reduce emissions, noise and travel costs with electric planes, underscoring growing investment in lightweight propulsion systems to bring the benefits of electric-cars to the sky. Siemens AG, Rolls-Royce Holdings PLC, and Airbus SA joined forces last year on a hybrid electric aircraft propulsion system, while Honeywell International Inc has developed a high-capacity generator that could be used for electric flight.

  • The Wall Street Journal22 days ago

    [$$] Cyber Daily: Financial Firms Stop Crimes; Siemens Exec Favors Hacker Punishment

    Financial service companies over the past year have stopped more hackers and detected breaches more quickly, improving their defenses with help from emerging security technologies, a survey from Accenture PLC shows. Financial firms stopped 81% of attempted data breaches in 2018, up from 66% in 2017, according to a survey of more than 800 security practitioners published this month by Accenture Security. Fifty-eight percent of successful cyberattacks in 2018 were discovered within a week, while 75% of the attacks that occurred in 2017 took more than a month to detect, said Chris Thompson, financial services global security lead at Accenture Security.

  • Siemens to cut 2,900 German jobs as part of 500 million euro cost-saving plan
    Reuters25 days ago

    Siemens to cut 2,900 German jobs as part of 500 million euro cost-saving plan

    German engineering group Siemens on Monday said it would cut around 2,900 jobs in Germany as part of a restructuring plan to achieve 500 million euros (449.23 million pounds) in cost savings. Siemens said the measures were designed to boost the competitiveness of its Power and Gas division and the Process Industries and Drives division. Against the backdrop of this structural change, the agreement we’ve reached is critical to improving our competitiveness,” Lisa Davis, member of the Managing Board of Siemens AG said in the company's statement.

  • Bloomberg26 days ago

    Siemens Is Nearing $15 Billion Deal to Provide Power to Iraq

    Siemens AG is closing in on a deal reportedly worth about 13 billion euros ($15 billion) to build power stations in Iraq that would increase the country’s generating capacity by about half in the next four years. Chief Executive Officer Joe Kaeser met with Iraqi Prime Minister Haider Al-Abadi in Baghdad Sunday to discuss a plan to install 11 gigawatts of power generation capacity and create thousands of jobs, the company said Monday in a statement. “We have had a series of meetings and positive feedback from the government for the development of power infrastructure in the country,” Siemens said.

  • Siemens, GE Wage Battle for $15 Billion Power Deal in Iraq
    Bloomberg26 days ago

    Siemens, GE Wage Battle for $15 Billion Power Deal in Iraq

    Siemens AG and rival General Electric Co. are battling for a mega contract worth an estimated 13 billion euros ($15 billion) to develop power stations in Iraq, an order that would hand the winner a badly needed boost amid a deep slump in the industry. Siemens Chief Executive Officer Joe Kaeser met with Iraqi Prime Minister Haider Al-Abadi in Baghdad Sunday to discuss a plan to install 11 gigawatts of power generation capacity over four years and create thousands of jobs, the company said Monday in a statement. While Siemens’s chances for winning the order are “high,” Adel Jeryan, Iraq’s deputy electricity minister, said in an interview that the government hasn’t picked a winner or set a price tag on the order.

  • CNBC26 days ago

    Siemens is looking to provide electricity for 300,000 Iraqis in three months, CEO says

    Siemens CEO Joe Kaeser told CNBC he met with Iraqi Prime Minister Haider al-Abadi in Baghdad to discuss a plan to expand Iraq's power production capacity and support its economic development.

  • Reuters26 days ago

    Siemens CEO pushes plans to boost Iraqi power infrastructure

    Siemens (SIEGn.DE) said its boss Joe Kaeser met Iraq's prime minister on Sunday to discuss a proposal by the German company to expand the Middle East nation's power production. The German engineering group said it was proposing a deal to add 11 gigawatt (GW) of capacity over four years, saying this would boost the country's capacity by nearly 50 percent. Iraq has a wide gap between electricity consumption and supply.

  • Reuters26 days ago

    Siemens CEO pushes plans to boost Iraqi power infrastructure

    Siemens (SIEGn.DE) said its boss Joe Kaeser met Iraq's prime minister on Sunday to discuss a proposal by the German company to expand the Middle East nation's power production. The German engineering group said it was proposing a deal to add 11 gigawatt (GW) of capacity over four years, saying this would boost the country's capacity by nearly 50 percent. Iraq has a wide gap between electricity consumption and supply.

  • CNBClast month

    CNBC Transcript: Jim Hagemann Snabe, Chairman of the Supervisory Board, Siemens

    Below is the transcript of a CNBC interview with Jim Hagemann Snabe, Chairman of the Supervisory Board, Siemens. All references must be sourced to a "CNBC Interview'. Nancy Hungerford (Nancy): I am live at the Singapore summit today and I am pleased to say that I am now joined by Jim Hagemann Snabe who is currently the Chairman of the Supervisory Board over at Siemens in addition to your many roles, it is an absolute pleasure to speak to you.

  • East German Businesses Battle Xenophobia in `Fight for Survival'
    Bloomberglast month

    East German Businesses Battle Xenophobia in `Fight for Survival'

    Hans-Joachim Wunderlich is a worried man. The head of the chamber of commerce in Chemnitz, a dreary industrial city in eastern Germany, fears that recent violent protests by anti-immigrant, right-wing extremists will spook investors and scare off the skilled foreign workers who are desperately needed in the former communist region. The slaying late last month of the 35-year-old man -- identified by authorities as Daniel H. -- and reports of the subsequent arrest of two asylum seekers as suspects set off sustained and brutal street violence in the city, named Karl-Marx-Stadt until the fall of the Berlin Wall.

  • Reuterslast month

    Siemens, Alstom still expect rail merger in first-half 2019, despite Australian concerns

    Siemens (SIEGn.DE) and Alstom (ALSO.PA) on Thursday said they were confident their rail merger would still go ahead and be completed on time despite objections raised by Australia's competition watchdog. The Australian Competition and Consumer Commission (ACCC) said on Wednesday it was concerned the mega merger could lead to higher prices by lowering competition for heavy rail signalling projects in the country. Siemens and Alstom's plan to create a Franco-German rail champion has also raised concerns in Europe, where the European Union's anti-trust regulator has opened a full-scale investigation.

  • Siemens Urges Staff in Eastern Germany to Stand Up to Xenophobia
    Bloomberglast month

    Siemens Urges Staff in Eastern Germany to Stand Up to Xenophobia

    Europe’s largest engineering company is urging its employees in eastern Germany to take a stand against “xenophobia and public breach of law” after days of violent clashes in the state of Saxony that industry groups fear may scare off investors. Siemens AG managers wrote to the firm’s 4,300 employees in Saxony asking them to speak out against right-wing extremism. “It is time for civil society in the state to take a public stand promoting tolerance and humanity, and against xenophobia and discrimination,” the managers said in the letter obtained by Bloomberg News.

  • Should You Buy Siemens Aktiengesellschaft (FRA:SIE) At €112?
    Simply Wall St.2 months ago

    Should You Buy Siemens Aktiengesellschaft (FRA:SIE) At €112?

    Today we’re going to take a look at the well-established Siemens Aktiengesellschaft (FRA:SIE). The company’s stock saw significant share price volatility over the past couple of months on the DB,Read More...

  • Siemens denies report it may cut 20,000 jobs
    Reuters2 months ago

    Siemens denies report it may cut 20,000 jobs

    MUNICH/BERLIN (Reuters) - German engineering giant Siemens said a report by monthly Manager Magazin that it could cut 20,000 jobs as part of its Vision 2020+ strategy was "completely unfounded". No statements of this kind were made," Siemens said on Friday, adding that details of the new strategy were still being worked out. Manager Magazin said on Thursday Siemens aimed to reap cost savings from slimming down administrative costs in personnel, legal and finance, and at its shared services division, citing comments that Chief Executive Joe Kaeser made to some investors at a roadshow at the beginning of August.

  • Siemens denies report it may cut 20,000 jobs
    Reuters2 months ago

    Siemens denies report it may cut 20,000 jobs

    MUNICH/BERLIN (Reuters) - German engineering giant Siemens (SIEGn.DE) said a report by monthly Manager Magazin that it could cut 20,000 jobs as part of its Vision 2020+ strategy was "completely unfounded". No statements of this kind were made," Siemens said on Friday, adding that details of the new strategy were still being worked out. Manager Magazin said on Thursday Siemens aimed to reap cost savings from slimming down administrative costs in personnel, legal and finance, and at its shared services division, citing comments that Chief Executive Joe Kaeser made to some investors at a roadshow at the beginning of August.

  • The Wall Street Journal2 months ago

    [$$] The Race to Build a Wind Behemoth

    Some of the world’s top manufacturing companies are embroiled in a fierce competition. The contest: Who can build the most powerful offshore wind turbine? AG to MHI Vestas Offshore Wind, industrial giants are racing to build skyscraper-size turbines that can generate 10 megawatts apiece or more, a symbolic threshold for the wind industry.

  • Siemens: Not yet seen an impact of trade tensions
    CNBC Videoslast month

    Siemens: Not yet seen an impact of trade tensions

    Jim Hagemann Sanbe, chairman of the Siemens supervisory board discusses the impact of trade tensions on growth.