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MarketScreener Homepage  >  Equities  >  Xetra  >  Siemens    SIE   DE0007236101

SIEMENS (SIE)
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Siemens : to Increase R&D Spending by EUR450 Million in Fiscal 2018

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12/15/2017 | 09:25am CET
   By Marc Bisbal Arias 
 

Siemens AG (SIE.XE) said Friday that investments in research and development will rise an additional 450 million ($530.6 million) in fiscal 2018 as it tries to accelerate its innovation process.

With the additional spending, total research-and-development spending will reach more than EUR5.6 billion compared with EUR5.2 billion in fiscal 2017.

Of that, around EUR500 million will be invested in its core technologies including additive manufacturing, autonomous robotics, data analysis and artificial intelligence, as well as power electronics and distributed energy systems.

In a separate release, the company said it opened a new energy-services facility in Berlin.

The MindSphere Application Center has been designed so that energy customers, software engineers and Siemens engineering experts can explore the customer value offered by the company's digital-services tools and solutions.

Additional facilities will open in the future, Siemens said, with Orlando and Shanghai opening in the next few months.

Write to Marc Bisbal Arias at marc.bisbalarias@dowjones.com

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Financials (€)
Sales 2019 86 736 M
EBIT 2019 8 085 M
Net income 2019 5 445 M
Debt 2019 17 927 M
Yield 2019 3,86%
P/E ratio 2019 14,56
P/E ratio 2020 12,75
EV / Sales 2019 1,19x
EV / Sales 2020 1,12x
Capitalization 85 170 M
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Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 126 €
Spread / Average Target 25%
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Managers
NameTitle
Josef Kaeser President & Chief Executive Officer
Jim Hagemann Snabe Chairman-Supervisory Board
Roland Emil Busch Chief Operating Officer
Ralf Peter Thomas Chief Financial Officer
Helmuth Ludwig Chief Information Officer
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