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MarketScreener Homepage  >  Equities  >  Xetra  >  Siemens AG    SIE   DE0007236101

SIEMENS AG

(SIE)
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Siemens : CEO Kaeser asks Trump for equal treatment in Mideast

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01/23/2020 | 02:34am EST
German Chancellor Merkel visits Siemens plant in Goerlitz

Siemens Chief Executive Joe Kaeser said he was seeing a more positive mood among the German engineering company's clients at the start of the year, he told CNBC on Thursday.

"They are getting more optimistic for the second half of the year than they have for the first half and actually 2019," Kaeser said in an interview on the sidelines of the World Economic Forum annual meeting in Davos.

He said he wanted Siemens, which employs 60,000 people directly in the United States, to be treated equally to U.S. companies when it came to reconstruction projects in the Middle East, and called on Germany's government to increase infrastructure spending.

"We have good American workers, working for us in the U.S. If we go to Iraq and if we go to Syria and we help rebuild those countries, I want to be treated as a U.S. company going out to help these people," said Kaeser, who raised the issue with U.S. President Trump at a dinner.

(Reporting by John Revill; Editing by Michael Shields)

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Financials (EUR)
Sales 2020 89 454 M
EBIT 2020 7 087 M
Net income 2020 5 365 M
Debt 2020 24 944 M
Yield 2020 4,01%
P/E ratio 2020 14,8x
P/E ratio 2021 13,0x
EV / Sales2020 1,17x
EV / Sales2021 1,10x
Capitalization 79 874 M
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Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 128,73  €
Last Close Price 98,50  €
Spread / Highest target 52,3%
Spread / Average Target 30,7%
Spread / Lowest Target 5,58%
EPS Revisions
Managers
NameTitle
Josef Kaeser President & Chief Executive Officer
Jim Hagemann Snabe Chairman-Supervisory Board
Roland Emil Busch Deputy CEO, COO, CTO & Labour Director
Ralf Peter Thomas Chief Financial Officer
Michael Diekmann Member-Supervisory Board
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