Siemens AG

Equities

SIE

DE0007236101

Electrical Components & Equipment

Market Closed - Xetra Other stock markets 11:35:15 2024-12-13 am EST			After market 01:24:37 pm
191.38 ^EUR	-1.35%		191.51	+0.07%

04:36pm	Siemens: contract extension for Smart Infrastructure CEO	CF
03:16pm	SIEMENS : Jefferies remains Buy after CMD	CF

Roland Busch, CEO of Siemens: Outlook in China, investments in the US, ambitions in Germany

November 16, 2023 at 08:47 am EST

German industrial company Siemens expects sales growth to slow to between 4% and 8% in fiscal 2024, with demand for factory automation products in China still in recovery mode. The slowdown in growth follows a record year in which net profit almost doubled and Siemens increased its dividend by just over 10% to 4.70 per share. Chairman and CEO Roland Busch also discusses the Group's prospects in the USA and Germany.

(MT Newswires)

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Latest news about Siemens AG

Siemens: contract extension for Smart Infrastructure CEO	10:36am	CF
SIEMENS : Jefferies remains Buy after CMD	09:16am	CF
SIEMENS AG : Buy rating from Deutsche Bank	05:50am	ZD
Unilever PLC : Unilever wants to get rid of its ice cream brands, but who will take it?	05:32am
SIEMENS AG : RBC reiterates its Buy rating	05:32am	ZD
SIEMENS : Oddo BHF remains positive after CMD	05:24am	CF
SIEMENS AG : Goldman Sachs gives a Buy rating	02:32am	ZD
SIEMENS AG : UBS reiterates its Buy rating	02:00am	ZD
SIEMENS AG : Gets a Buy rating from Jefferies	Dec. 12	ZD
SIEMENS AG : JP Morgan reiterates its Buy rating	Dec. 12	ZD
German Stocks Edge Up as ECB Delivers Final Rate Cut in 2024	Dec. 12	MT
Siemens expects more growth and profit from infrastructure business	Dec. 12	DP
Siemens to Roll Out Hydrogen, Battery Trains in Germany	Dec. 12	MT
Siemens, SuperTrak to Offer New Conveyance System to Manufacturers	Dec. 12	MT
Siemens' Smart Infrastructure Sets New Midterm Targets	Dec. 12	MT
SIEMENS AG : Berenberg maintains a Buy rating	Dec. 12	ZD
RBC rates Siemens 'Outperform' - Target 205 euros	Dec. 12	DP
Siemens raises mid-term profit goal for Smart Infrastructure unit	Dec. 12	RE
SIEMENS AG : RBC reiterates its Buy rating	Dec. 12	ZD
Siemens targets return on sales of up to 20 percent for SI	Dec. 12	RE
Siemens Aktiengesellschaft - Analyst/Investor Day	Dec. 12
Siemens and Roboverse Reply Automate Inspection Processes with Mobile Robots	Dec. 12	CI
Arlandastad collaborates with Siemens on energy optimization	Dec. 12	FW
Siemens Nominates Former Nestle CEO for Supervisory Board Seat, Potential Chair Successor	Dec. 11	MT
Ex-Nestle boss Schneider to lead Siemens Supervisory Board	Dec. 11	RE

Chart Siemens AG

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SIE: Dynamic Chart

Company Profile

Siemens AG is one of the world's leading manufacturers of electronic and electro-technical equipments. Net sales (including intragroup) break down by family of products as follows: - digital industrial equipment (28.2%): automated production, assembly, logistics and monitoring systems, etc.; - medical equipment (27.8%): medical imaging systems, laboratory diagnostics and hearing aid systems, etc.; - smart building and infrastructure solutions (25.6%): energy transition solutions, HVAC products (heating, ventilation and air conditioning systems), building security systems (fire detection and protection systems, access control, video surveillance and intrusion detection systems, etc.), building management systems, etc.; - mobility solutions and systems (13.5%): rail vehicles, rail automation systems, rail electrification systems, digital and cloud-based solutions, etc. The remaining net sales (4.9%) are primarily from financial activities (leasing, equipment and project financing, financial consulting services, etc.). Net sales are distributed geographically as follows: Germany (16.3%), Europe/CIS/Africa/Middle East (30.8%), the United States (23.9%), America (5.2%), Asia and Australia (23.8%).

Employees

327,000

Sector

Electrical Components & Equipment

Calendar

2025-02-12 - Annual General Meeting

More about the company