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    SIE   DE0007236101

SIEMENS AG

(SIE)
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Siemens : to raise growth and profitability targets - report

06/17/2021 | 08:54am EDT
FILE PHOTO: The logo of German industrial group Siemens is seen in Zurich, Switzerland

BERLIN (Reuters) - German engineering group Siemens will at least partly raise its growth and profitability targets as it seeks to mitigate pressure from investors, Handelsblatt newspaper reported on Thursday, citing industry sources.

The move will be announced by new Chief Executive Roland Busch on the company's Capital Market Day, due on June 24, the newspaper added.

In May, Siemens increased its full year profit and sales outlook for the second time this year but warned about tightening supply chains as the post-pandemic recovery accelerates.

A spokesperson for Siemens declined to comment on the report.

(Reporting by Riham Alkousaa; Editing by Madeline Chambers)


ę Reuters 2021
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Financials
Sales 2021 60 242 M 71 582 M 71 582 M
Net income 2021 5 596 M 6 649 M 6 649 M
Net Debt 2021 33 006 M 39 219 M 39 219 M
P/E ratio 2021 19,3x
Yield 2021 2,67%
Capitalization 106 B 127 B 126 B
EV / Sales 2021 2,31x
EV / Sales 2022 2,15x
Nbr of Employees 293 000
Free-Float 88,0%
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Technical analysis trends SIEMENS AG
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Mean consensus BUY
Number of Analysts 24
Last Close Price 133,18 €
Average target price 160,43 €
Spread / Average Target 20,5%
EPS Revisions
Managers and Directors
Roland Emil Busch President & Chief Executive Officer
Ralf Peter Thomas Chief Financial Officer
Jim Hagemann Snabe Chairman-Supervisory Board
Hanna Hennig Chief Information Officer
Andreas Christian Hoffmann General Counsel, Head-Legal & Compliance
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