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MarketScreener Homepage  >  Equities  >  Xetra  >  Siemens AG    SIE   DE0007236101

SIEMENS AG

(SIE)
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Siemens : Gets Salzgitter Contract for Electrolysis Plant

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11/18/2019 | 07:10am EST

By Max Bernhard

Siemens AG said Monday that it has been awarded a contract to build a 2.2 megawatt electrolysis plant for Salzgitter AG.

The new plant is expected to start operating in the fourth quarter next year, with the necessary electrical power to be generated by wind turbines.

The cost of the project amounts to 50 million euros ($55.2 million), Siemens said.

Write to Max Bernhard at max.bernhard@dowjones.com; @mxbernhard

Stocks mentioned in the article
ChangeLast1st jan.
SALZGITTER AG -0.81% 15.345 Delayed Quote.-22.34%
SIEMENS AG -1.01% 116.02 Delayed Quote.-0.45%
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Financials (EUR)
Sales 2020 89 467 M
EBIT 2020 7 425 M
Net income 2020 5 268 M
Debt 2020 24 172 M
Yield 2020 3,45%
P/E ratio 2020 18,1x
P/E ratio 2021 15,2x
EV / Sales2020 1,32x
EV / Sales2021 1,22x
Capitalization 94 136 M
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Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 128,11  €
Last Close Price 116,02  €
Spread / Highest target 29,3%
Spread / Average Target 10,4%
Spread / Lowest Target -12,1%
EPS Revisions
Managers
NameTitle
Josef Kaeser President & Chief Executive Officer
Jim Hagemann Snabe Chairman-Supervisory Board
Roland Emil Busch Deputy CEO, Chief Operating & Technology Officer
Ralf Peter Thomas Chief Financial Officer
Michael Diekmann Member-Supervisory Board
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