Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Xetra  >  Siemens AG    SIE   DE0007236101

SIEMENS AG

(SIE)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Siemens : founds next47 as separate unit for startups

share with twitter share with LinkedIn share with facebook
06/28/2016 | 06:05am EDT

'Siemens itself was a startup in 1847 - founded in a rear courtyard in Berlin,' said Joe Kaeser, President and CEO of Siemens AG. 'With next47, we're living up to our company founder's ideals and creating an important basis for fostering innovation as we continue Siemens' development.' The new unit will be given the necessary independence but can nevertheless leverage the advantages offered by Siemens. It will have offices in Berkeley, Shanghai and Munich and cover all regions of the world from those locations. next47 will build on Siemens' existing startup activities. The new unit will be open to employees as well as to founders, external startups and established companies if they want to pursue business ideas in the company's strategic innovation fields. 'next47 will provide the freedom to experiment and grow - without the organizational restrictions of a large company. Our new unit will rigorously pursue Siemens' strategy and enable us to tap into disruptive ideas in our core areas of electrification, automation and digitalization,' said Siegfried Russwurm.

The first project at next47, following an agreement with Airbus in April 2016, will be the electrification of aviation. The two companies aim to demonstrate by 2020 the technical feasibility of hybrid/electric propulsion systems for small planes to medium-sized passenger aircraft. Other important innovation fields will include artificial intelligence, autonomous machines, decentralized electrification and networked mobility. The new unit will also concern itself with so-called blockchain applications that are designed to make data transfer in industry and in energy trading, for example, simpler and more secure.

Siemens has been collaborating with startups since the late 1990s. In the past 20 years, the company has invested more than €800 million in approximately 180 startups. Siemens is in contact with over 1,000 startups a year, launches around 20 cooperative ventures a year and has founded more than a dozen startups of its own.

This press release and additional material are available at: www.siemens.com/press/next47

Siemens AG published this content on 28 June 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 28 June 2016 10:05:08 UTC.

share with twitter share with LinkedIn share with facebook
Latest news on SIEMENS AG
05:19aSIEMENS : launches new platform to create customer-specific apps for distributio..
PU
07/06SIEMENS : GREEN Solar and Siemens Energy sign cooperation agreement to develop a..
AQ
07/06SIEMENS : Siemens Energy gets solid investment grade rating from S&P Global
AQ
07/06SIEMENS HEALTHINEERS : Deutsche Bank remains Neutral
MD
07/04Siemens sees up to 20% drop in business in April-June quarter, CFO tells Boer..
RE
07/03SIEMENS : GREEN Solar and Siemens Energy sign cooperation agreement to develop a..
PU
07/03POHJOLAN VOIMA OYJ'S JOINT VENTURE T : OL3 EPR's schedule work continues
AQ
07/02SIEMENS : Siemens and FC Bayern partnership go into extra time
AQ
07/02SIEMENS HEALTHINEERS : Credit Suisse reiterates its Buy rating
MD
07/02Alstom ready to sell assets to win EU nod for Bombardier deal - sources
RE
More news
Financials
Sales 2020 56 472 M 63 766 M 63 766 M
Net income 2020 4 045 M 4 568 M 4 568 M
Net Debt 2020 31 233 M 35 267 M 35 267 M
P/E ratio 2020 22,3x
Yield 2020 3,37%
Capitalization 85 764 M 96 985 M 96 842 M
EV / Sales 2019
EV / Sales 2020 2,07x
Nbr of Employees 385 000
Free-Float 89,6%
Chart SIEMENS AG
Duration : Period :
Siemens AG Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SIEMENS AG
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 23
Average target price 114,15 €
Last Close Price 107,94 €
Spread / Highest target 34,3%
Spread / Average Target 5,75%
Spread / Lowest Target -25,9%
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
Hanna Hennig Chief Information Officer
Sector and Competitors
1st jan.Capitalization (M$)
SIEMENS AG-7.38%96 985
HONEYWELL INTERNATIONAL INC.-16.82%103 326
3M COMPANY-10.38%90 939
GENERAL ELECTRIC COMPANY-38.89%61 230
ILLINOIS TOOL WORKS INC.-2.80%56 128
HITACHI, LTD.-24.41%31 456