|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||1,022.40 - 1,056.00|
|52 Week Range||992.65 - 1,469.90|
|PE Ratio (TTM)||32.87|
|Earnings Date||Aug 2, 2017 - Aug 7, 2017|
|Forward Dividend & Yield||7.00 (0.67%)|
|1y Target Est||1,184.43|
Russian power equipment producer, Power Machines, which was hit by the U.S. sanctions in 2018, will most probably withdraw from its Russian joint venture (JV) with Germany's Siemens (SIEGn.DE), its owner Alexei Mordashov said. Washington blacklisted Power Machines when it updated the list of companies and officials related to supplies of German turbines to Crimea, the peninsula annexed by Moscow in 2014. Power Machines is a Russian partner in Siemens Gas Turbine Technologies LLC, a St Petersburg-based joint venture in which Siemens has a majority stake.
Siemens (SIEGn.DE) has become the latest company to contribute to the Northvolt project to build Europe's largest lithium-ion factory in northern Sweden. The German engineering company has offered its digital enterprise technology to help build the factory, which will become Siemens' preferred supplier for lithium ion batteries when production starts in 2020. Siemens said it will invest 10 million euros ($11.73 million) into the project which already received support from its Swiss rival ABB (ABBN.S) in September last year.
Germany's former foreign minister, Sigmar Gabriel, was nominated on Tuesday as a director of Siemens Alstom , as the Franco-German rail venture finalised its board lineup. The makers of TGV and ICE high-speed trains agreed last September to merge their rail operations to create a European champion capable of fending off the challenge of China's state-owned CRRC Corp Ltd . The two sides resolved delicate issues of governance by handing ownership and board control to Siemens, the German conglomerate, while naming Alstom boss Henri Poupart-Lafarge to run the venture.
Siemens raised its full year profit guidance on Wednesday, sending its shares higher after a strong result from its factory automation business countered the downturn at its Power and Gas operations. The German engineering company beat net profit forecasts during its second quarter after logging a one-off gain of 900 million euros ($1.07 billion) from transferring its stake in IT services company Atos SE to its pension fund. "Most of our business, primarily our digital offerings, showed impressive performance and operationally more than offset structural challenges in fossil power generation," Siemens' Chief Financial Officer Ralf Thomas told reporters.
Siemens has reached an agreement in principle with trade unions about its plans to cut jobs and restructure its struggling Power and Gas (PG) and Process Industries and Drives (PD) businesses in Germany, it said on Tuesday. The German industrial company is targeting savings of several hundred million euros in the programme designed to tackle plummeting demand caused by a switch away from fossil fuel generated electricity to renewable energy sources. The downturn has dragged down Siemens' results in recent quarters, with demand for large gas turbines not expected to recover in the near future, according to analysts.
Siemens (SIEGn.DE) said on Monday weakness in the power generation market is forcing it to temporarily shut down its Power & Gas (PG) sites around the world. Large gas turbines are increasingly unloved as the world shifts to renewable energy, which is weighing on Siemens' earnings and prompting the group to restructure the PG business. In November, Siemens said it would cut 6,900 jobs, mainly at the PG division, which once thrived on supplying turbines for electricity generation.
By Stine Jacobsen and Jose Elías Rodríguez COPENHAGEN/MADRID (Reuters) - Shares in rival wind turbine makers Siemens Gamesa (SGREN.MC) and Vestas (VWS.CO) fell on Friday as a squeeze on prices caused by ...
MADRID (Reuters) - Siemens Gamesa (SGREN.MC), which overtook Vestas (VWS.CO) last year to become the world's No. 1 wind turbine maker, said on Friday its order book remained steady in the second quarter, ...
ZURICH (Reuters) - Siemens (SIEGn.DE) has named Barbara Humpton as its chief executive officer in the United States, effective June 1. Humpton, who was previously head of Siemens Government Technologies ...
Siemens Gamesa (SGREN.MC), which overtook Vestas (VWS.CO) as the world's largest wind turbine maker last year, on Thursday said it won its biggest order to date in India, where a temporary downturn had previously hit the group's profits. The company, formed by the merger of Siemens' wind power unit with Spain's Gamesa, said it had agreed with Sembcorp Energy India (SEBM.NS), the Indian energy arm of Singapore's Sembcorp Industries (SCIL.SI), to build a 300 megawatt wind park. Along with the turbines, Siemens Gamesa will also provide operating and maintenance services for the planned farm, to be located in Gujarat state, western India, which is planned to be commissioned in April 2019.
Siemens Mobility (SIEGn.DE), which is being merged with Alstom's (ALSO.PA) rail business, is performing well, the German industrial conglomerate's chief executive said. "We have an excellent mobility business, you can already see that in the figures of the last but one quarter," Joe Kaeser told Reuters on the sidelines of the Hannover Messe trade fair on Monday. Siemens is due to publish second-quarter results on May 9.
Russian Deputy Prime Minister Arkady Dvorkovich said Siemens (SIEGn.DE) could not be relied upon as a partner after a clash between the German industrial group and Russian companies, RIA news agency quoted him as saying on Friday. Last year, Siemens requested the return of gas turbines which were sent to the Crimea peninsula, annexed by Russia, in violation of European Union sanctions. The EU and the United States imposed sanctions on two Russian high-ranking energy ministry officials and two Russian companies involved in delivering the turbines to Crimea.
ZURICH (Reuters) - Siemens (SIEGn.DE) has won its largest ever rail infrastructure order, the German industrial company said on Friday, with an 800 million euro ($978 million) contract to upgrade the signalling ...
FRANKFURT/MADRID (Reuters) - Siemens (SIEGn.DE) sought on Wednesday to end a row with Spanish utility Iberdrola (IBE.MC) over the running of Siemens Gamesa (SGREN.MC), the world's second-largest wind turbine maker. Iberdrola is unhappy with Siemens' influence over Siemens Gamesa following a merger last year which left it with 8.1 percent and Siemens with 59 percent of the combined firm. The conflict came to a head at Siemens Gamesa's annual general meeting last month when several motions by Iberdrola, which was previously Gamesa's top shareholder, were dismissed.
March 22 (Reuters) - Taiwan Semiconductor Manufacturing Co Ltd: * SAYS ORDERS MACHINERY EQUIPMENT WORTH T$2.48 BILLION ($85.13 million) Source text for Eikon: Further company coverage: ($1 = 29.1320 Taiwan ...
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.