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MarketScreener Homepage  >  Equities  >  Xetra  >  Siemens AG    SIE   DE0007236101

SIEMENS AG

(SIE)
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Siemens sees up to 20% drop in business in April-June quarter, CFO tells Boersenzeitung

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07/04/2020 | 10:18am EDT
Siemens annual shareholders meeting in Munich

German engineering company Siemens saw the volume of business contract by as much as 20% in the three months to June and activity in 2021 would stay below 2019 levels, the chief financial officer told Boersenzeitung (BoeZ).

Ralf Thomas told Saturday's edition of the newspaper that the company's financial third quarter, which runs April to June, "will be a big challenge for us, as for most other market participants as well" due to the coronavirus crisis.

"However, it will not be a bottomless fall," he said, adding that the business volume of short-cycle activities had likely contracted by between 10% and 20% in the period.

Thomas had said in May he expected a 5% drop in revenue in the financial year ending in September, after guiding for moderate sales growth before the virus outbreak.

He did not rule out moves to cut capacity in some business areas, but left open where this could be.

He said activity in 2021 would not reach 2019's level across all businesses or regions, but said Siemens had a competitive advantage over rivals in some areas, without offering details.

(Reporting by Vera Eckert and Alexander Huebner; Editing by Edmund Blair)

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Financials
Sales 2020 57 942 M 68 424 M 68 424 M
Net income 2020 4 409 M 5 207 M 5 207 M
Net Debt 2020 30 393 M 35 892 M 35 892 M
P/E ratio 2020 22,1x
Yield 2020 3,14%
Capitalization 93 312 M 110 B 110 B
EV / Sales 2020 2,13x
EV / Sales 2021 2,06x
Nbr of Employees 293 000
Free-Float 89,6%
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Technical analysis trends SIEMENS AG
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 24
Average target price 125,15 €
Last Close Price 117,44 €
Spread / Highest target 26,0%
Spread / Average Target 6,57%
Spread / Lowest Target -8,04%
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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
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