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
Real-time Estimate Quote. Real-time Estimate Tradegate - 07/13 03:59:56 pm
107.3 EUR   -0.65%
09:51aSIEMENS : Spin-off of Siemens Energy approved by large majority of Siemens shareholders
AQ
08:50aSIEMENS GAMESA : UBS remains Neutral
MD
08:49aSIEMENS AG : UBS gives a Buy rating
MD
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Siemens to Spin Off 55% of Siemens Energy to Shareholders

share with twitter share with LinkedIn share with facebook
05/26/2020 | 09:17am EDT

By Kim Richters

 

Siemens AG on Tuesday said it would spin off 55% of is energy operations to shareholders as part of a long-awaited plan to list the business in late September.

The German engineering conglomerate said shareholders will receive one Siemens Energy share for every two Siemens shares they hold. While divesting the majority, Siemens will hold a 35.1% stake in Siemens Energy directly, with the rest controlled by its pension unit.

The listing of the business, which includes its gas and power operations as well as its 67% stake in wind-turbine maker Siemens Gamesa Renewable Energy SA, is scheduled for Sept. 28. It will be managed separately and independently from Siemens, the company said.

Siemens expects to further reduce its stake in the business "significantly" in the 12 to 18 months after the listing.

The move is part of Siemens Chief Executive Joe Kaeser's plan to transform the company from an industrial conglomerate into a smaller business. Mr. Kaeser has also overseen the spinoffs of Siemens Healthineers AG and Siemens Gamesa. He is scheduled to step down as CEO next year.

Siemens Energy, which has over 90,000 employees, plans to pay annual dividends in the range of 40% to 60% of the company's net income. It doesn't plan to pay a dividend for fiscal 2020.

Siemens said the combined energy business had a revenue of 28.80 billion euros ($31.37 billion) in fiscal 2019, while adjusted earnings before interest, taxes and amortization would be have been around EUR1.3 billion if EUR300 million in severance charges were excluded.

After completing the spinoff, Siemens will focus on its Digital Industries, Smart Infrastructure and Siemens Mobility businesses, it said.

"Turning Siemens' energy business into an independent company is a key milestone in the successful execution of our Vision 2020+ strategy program," Joe Kaeser said in a statement.

"The considerable increase in the value of our health-care business shows the huge potential we can tap by further sharpening the focus of our company."

 

Write to Kim Richters at kim.richters@wsj.com

 

Stocks mentioned in the article
ChangeLast1st jan.
SIEMENS AG 1.11% 109.2 Delayed Quote.-6.30%
SIEMENS GAMESA RENEWABLE ENERGY, S.A. 0.32% 17.365 End-of-day quote.11.06%
SIEMENS HEALTHINEERS AG 2.34% 42.73 Delayed Quote.-0.21%
THE NEW HOME COMPANY INC. 6.95% 3.54 Delayed Quote.-28.97%
VISION INC. 5.16% 652 End-of-day quote.-64.02%
share with twitter share with LinkedIn share with facebook
Latest news on SIEMENS AG
09:51aSIEMENS : Spin-off of Siemens Energy approved by large majority of Siemens share..
AQ
08:50aSIEMENS GAMESA : UBS remains Neutral
MD
08:49aSIEMENS AG : UBS gives a Buy rating
MD
05:25aSIEMENS AG : Barclays reiterates its Neutral rating
MD
04:11aNATIONAL GRID : starts construction on UK-Denmark electricity link
RE
02:51aSIEMENS : New era for airport communication
PU
02:31aSIEMENS : Appoints Judith Wiese as Labor Director
DJ
02:11aSIEMENS : Judith Wiese appointed Managing Board member and Labor Director of Sie..
PU
07/12SIEMENS : offers real-time locating system for a safe production environment and..
PU
07/10SIEMENS AG : Independant Research reiterates its Neutral rating
MD
More news
Financials
Sales 2020 56 628 M 64 238 M 64 238 M
Net income 2020 4 037 M 4 579 M 4 579 M
Net Debt 2020 31 239 M 35 437 M 35 437 M
P/E ratio 2020 22,6x
Yield 2020 3,32%
Capitalization 86 765 M 98 607 M 98 425 M
EV / Sales 2019
EV / Sales 2020 2,08x
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
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 23
Average target price 116,10 €
Last Close Price 109,20 €
Spread / Highest target 32,8%
Spread / Average Target 6,32%
Spread / Lowest Target -26,7%
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-6.30%97 082
HONEYWELL INTERNATIONAL INC.-18.93%99 978
3M COMPANY-12.25%87 919
GENERAL ELECTRIC COMPANY-39.96%58 518
ILLINOIS TOOL WORKS INC.-2.70%54 991
HITACHI, LTD.-26.31%30 262