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MarketScreener Homepage  >  Equities  >  Xetra  >  Siemens AG    SIE   DE0007236101

SIEMENS AG

(SIE)
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Siemens Gas and Power to Build Power Plant for Evonik Industries

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06/17/2020 | 11:04am EDT

By Jessica Sier

Siemens AG will build another combined cycle power plant for Evonik Industries AG to replace a backup gas power plant at the Marl Chemical Park in Germany's north west, the company said on Wednesday.

The German engineering group said Siemens Gas and Power GmbH will supply one SGT-800 gas turbine, one SST-400 steam turbine and two generators, which will produce power and heat with 90 megawatts of electrical capacity and 220 megawatts of thermal capacity, Siemens said.

The plant will be operational in 2022, and Siemens will also supply a SPPA-T3000 control system to manage the plant.

Siemens did not disclose the value of the contract, but said the project volume is expected to be in the lower triple-digit million euro range.

The Marl Chemical Park is located in Marl, in North Rhine-Westphalia Germany.

Siemens Financial Services and the KfW IPEX-Bank--an independent bank that focuses on international project and export financing--will fully finance the new plant during the construction phase and after commissioning.

This is the second combined heat and power project Siemens have implemented at the Marl Chemical Park.

 

Write to Jessica Sier at jessica.sier@wsj.com

 


Stocks mentioned in the article
ChangeLast1st jan.
EVONIK INDUSTRIES AG -5.21% 20.96 Delayed Quote.-23.12%
INDEPENDENT BANK CORP. -3.04% 55.85 Delayed Quote.-32.25%
INDEPENDENT BANK CORPORATION -0.10% 14.67 Delayed Quote.-35.56%
INDEPENDENT BANK GROUP, INC. 0.20% 50.32 Delayed Quote.-7.83%
SIEMENS AG -6.27% 100.1 Delayed Quote.-14.33%
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Financials
Sales 2020 57 849 M 67 982 M 67 982 M
Net income 2020 4 019 M 4 723 M 4 723 M
Net Debt 2020 29 870 M 35 101 M 35 101 M
P/E ratio 2020 21,8x
Yield 2020 3,58%
Capitalization 84 632 M 99 497 M 99 457 M
EV / Sales 2020 1,98x
EV / Sales 2021 1,92x
Nbr of Employees 293 000
Free-Float 89,6%
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Number of Analysts 25
Average target price 125,78 €
Last Close Price 106,52 €
Spread / Highest target 40,8%
Spread / Average Target 18,1%
Spread / Lowest Target -22,1%
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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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