|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||1,083.50 - 1,117.75|
|52 Week Range||1,080.00 - 1,471.35|
|PE Ratio (TTM)||34.73|
|Forward Dividend & Yield||7.00 (0.62%)|
|1y Target Est||N/A|
Shares in Siemens Healthineers gained as much as 7 percent in the medical equipment maker's stock market debut on Friday, boding well for a string of pending German flotations including asset manager DWS. In one of Germany's biggest listing in recent years, parent Siemens raised 4.2 billion euros from selling a 15 percent stake in the world's largest maker of medical imaging equipment. Deutsche Boerse said it would take two to three days to investigate the technical problems but ruled out a hacking attack.
In one of Germany's biggest listing in recent years, parent Siemens (SIEGn.DE) raised 4.2 billion (3.71 billion pounds) euros from selling a 15 percent stake in the world's largest maker of medical imaging equipment. Deutsche Boerse said it would take two to three days to investigate the technical problems but ruled out a hacking attack. The offer price, which valued Healthineers' equity at 28 billion euros, was seen by some market participants as a climbdown by Siemens to stoke interest in the issue.
A former Siemens AG employee pleaded guilty on Thursday to a U.S. charge that he took part in a bribery scheme to win a contract for the German engineering company to make national identity cards for Argentina's government. Eberhard Reichert, a 78-year-old German citizen, entered his plea to one count of conspiracy in connection with what prosecutors have called a $100 million (£71.7 million) bribery scheme at a hearing before U.S. District Judge Denise Cote in Manhattan.
Shares in Siemens Healthineers are likely to be priced at 28 euros (£24.8) in its initial public offering, on the lower side of a guidance range of 26 to 31 euros, two sources close the deal said. As a result, Siemens, which will sell a 15 percent stake, is in the frame to reap 4.2 billion euros in proceeds. The offer period is due to run through Thursday, when a final price is expected to be set.
FRANKFURT (Reuters) - Planned U.S. tariffs on steel send a bad signal on free trade but won't have a big impact on Siemens (SIEGn.DE), the German company's chief executive said on Wednesday. CEO Joe Kaeser ...
German engineering group Siemens (SIEGn.DE) has already attracted demand for all of the shares on offer in the initial public offering of its medical imaging and diagnostics business, one of the bookrunners leading the transaction said on Tuesday. Siemens announced plans to float Healthineers on the Frankfurt stock exchange two weeks ago, putting it on track for a listing in late March in what would be one of Germany's biggest listings in recent years. Siemens set the price range for the offering on Sunday, valuing the division at a smaller than expected 31 billion euros ($38.46 billion).
German engineering group Siemens set the price range for the planned initial public offering (IPO) of its medical imaging and diagnostics business on Sunday, valuing the division at a smaller than expected 31 billion euros ($38.18 billion). Siemens announced plans to float Healthineers on the Frankfurt stock exchange two weeks ago, putting it on track for a listing in late March. In what would be one of Germany's biggest listings in recent years, Siemens plans to sell up to 15 percent of the division -- or a maxiumum of 150 million shares -- at a price range of between 26 euros and 31 euros per share, it said on Sunday.
Siemens (SIEGn.DE) on Tuesday said plans to float its medical imaging and diagnostics business remain on track. "We note quite an interest in the Siemens Healthineers asset," the German engineering giant said on Tuesday, dismissing a media report that said the company valuation for the listing would be at the lower end of the price range. "We don't know the sources where this information comes from and we don't see any substance," Siemens said.
German engineering group Siemens (SIEGn.DE) on Monday announced plans to float its medical imaging and diagnostics business Healthineers on the Frankfurt stock exchange, putting it on track for a listing in late March. Siemens said the initial public offering (IPO) was due some time in first half of 2018, but the so-called "intention to float" statement typically sets up companies to go public about four weeks later. All proceeds from the Healthineers offering will go to parent Siemens, according to Monday's statement, which confirmed a Reuters report from last week.
Siemens Gamesa (SGREN.MC), the world's No.2 maker of wind turbines, said on Thursday it would reduce costs by about 2 billion euros ($2.50 billion) by 2020 to boost margins following two profit warnings. Siemens's (SIEGn.DE) wind power business completed a merger with Spanish renewable firm Gamesa in April of last year. In a presentation of its new strategic business plan, Siemens Gamesa said it expected to obtain an EBIT margin of between 8 and 10 percent in 2020 from between 7 and 8 percent in 2018 and its capex would be below 5 percent of sales.
MADRID/FRANKFURT (Reuters) - The world's No. 2 maker of wind turbines, Siemens Gamesa (SGREN.MC), flagged 2 billion euros (1.78 billion pounds) in cost cuts by 2020, hoping to close a margin gap with bigger rival Vestas (VWS.CO). Wind turbine manufacturers are facing relentless pricing pressure globally, as governments slash subsidies for renewables to force them into competition with conventional energy sources, including coal and gas. Siemens Gamesa, the result of a merger between Siemens' (SIEGn.DE) wind power business and Spain's Gamesa completed last year, is betting on size and a more focused product portfolio to weather the crisis.
German engineering conglomerate Siemens (SIEGn.DE) will receive all of the proceeds from a listing of its Healthineers arm, three people familiar with the plans told Reuters on Wednesday. Germany's Siemens is preparing this deal structure because the healthcare division, a maker of gear for medical imaging and lab diagnostics, is not in need of a capital injection, while a stock market listing will give it the option to fund any future takeovers with own shares, the sources added. Siemens declined to comment.
Feb 8 (Reuters) - Fawer Automotive Parts Ltd Co : * SAYS IT SIGNS MOU WITH SIEMENS AND VALEO'S JV ON NEW ENERGY VEHICLE-RELATED COOPERATION * SAYS IT WILL SET UP NEW ENERGY VEHICLE-RELATED FIRM IN CHINA ...
Feb 7 (Reuters) - Guangzhou Wondfo Biotech Co Ltd : * SAYS IT SIGNS STRATEGIC AGREEMENT WITH SIEMENS' CHINA MEDICAL UNIT ON MEDICAL-RELATED COOPERATIONS Source text in Chinese: http://bit.ly/2EMHB3z Further ...
German engineering group Siemens (SIEGn.DE) posted a 14 percent decline in quarterly industrial profit, dragged down by continued weak demand from the power and gas sector while it ramps up investments in factory software. Industrial profit at the trains-to-turbines group came to 2.21 billion euros (£1.9 billion) in the fiscal first quarter to end-December, taking a hit from a near halving of profits at the Power and Gas division. Large gas turbines are increasingly unloved in a world moving to renewable energy and Siemens has turned more of its focus to industrial automation, where it is market leader.
Germany's Siemens (SIEGn.DE) is preparing for an eventual consolidation of platforms competing to provide businesses with factory software, said a management board member with responsibility for the digital factory division. While digitally enhanced manufacturing is still in its infancy, competition is already fierce, as evidenced by Emerson Electric's (EMR.N) failed $29 billion bid to buy Rockwell Automation (ROK.N) last year. "Initially there is a high number of players and then over time consolidation happens," Klaus Helmrich said on Wednesday at the launch of a global user organisation for Siemens' MindSphere platform, which competes with General Electric's (GE.N) Predix and others to help customers gather data from machines.
Healthineers, Siemens' (SIEGn.DE) medical imaging and diagnostics division, will launch a cost-cutting drive to address modest earnings growth this year as it prepares for a separate listing expected to value it at around 40 billion euros (35.50 billion pounds). The German trains-to-turbines group plans to list a minority of the healthcare business to enable it to fund its own investments and acquisitions as the industry moves towards more personalised care. Healthineers competes with units of Philips (PHG.AS) and General Electric (GE.N) and increasingly with a host of smaller technology companies.
Siemens (SIEGn.DE) plans to list its 40 billion euro (35.37 billion pounds) healthcare unit Healthineers in March, two people close to the matter said, as the group hopes to execute the deal while market conditions are favourable. The Frankfurt listing of a minority stake in Healthineers, which makes X-ray and MRI machines, is expected to be Germany's biggest IPO this year. It is likely to be announced in the first few days of March, with an initial public offering taking place four weeks later, the sources said.
Germany's Siemens sees its broad industrial base and respect for customers' data privacy as giving it the edge in a race to attract businesses to its factory software platform, rather than those of rivals. The trains-to-turbines group is betting the future of its core industrial automation business on its MindSphere platform, which competes with General Electric's Predix and a host of others to help customers cut costs and improve productivity. The race is still wide open, and being first to gather a critical mass of software developers and system integrators is crucial to winning customers, much as Apple's large developer community made its app store the most attractive.
FRANKFURT (Reuters) - Siemens said it has agreed to buy Luxembourg-based Fast Track Diagnostics to boost its molecular-testing offering, one of the areas it is keen to expand as it prepares to float its ...
Siemens is partnering with Amazon as it accelerates the rollout of its MindSphere industrial software platform, the core of its bid to dominate the market in digital factory automation. The German group's next version of MindSphere, to be launched in January, will run on Amazon Web Services (AWS) - the most popular cloud system with industrial software developers. "Many customers appreciate it very much," Siemens Chief Technology Officer Roland Busch told reporters and analysts at a company presentation in Munich on Friday.
Siemens' chief executive sees the German group as a fleet of ships, each thriving under its own steam, but rejects the idea he is breaking up the company, he told Manager Magazin in an interview published on Thursday. Joe Kaeser said there need not be only one Siemens, looking ahead to a future in which the soon-to-be-listed Healthineers could grow bigger than the core industrial business, and said loosening central control could help operations thrive.
Moscow's Arbitration Court on Thursday rejected a claim by Germany's Siemens that the sale of its turbines which were delivered to Crimea was invalid. In August, the same court rejected a request by Siemens to seize its gas turbines, which had turned up in Crimea contrary to EU sanctions. Russia is under Western sanctions for its involvement in the Ukraine crisis, including Moscow's annexation of Crimea in 2014.
Siemens (SIEGn.DE), the German industrial group, plans to build two gas-fired power stations in Libya, in a fillip for its struggling power division which is shedding staff as developed economies shift to renewable sources of energy. Siemens Power and Gas signed the agreements on Thursday with Libyan state utility GECOL on the plants, a company spokesman said without elaborating. The deal follows an announcement by Siemens last month that it would cut 6,900 jobs, or around 2 percent of its global workforce.
German industrial group Siemens AG (SIEGn.DE) is negotiating a settlement worth more than 1 billion reais (£227.7 million) with Brazilian state prosecutors over a civil case related to probes into whether bribes were paid to win train contracts, according to a Monday newspaper report. The Estado de S. Paulo reported that lawyers for Siemens and Sao Paulo state prosecutors met last week to discuss the deal, which it said is on the cusp of being sealed and would require the company to admit to illicit acts. The paper cited unnamed sources within the state prosecutors office.