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    SIE   DE0007236101

SIEMENS AG

(SIE)
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Delayed Xetra  -  11:35 2022-08-12 am EDT
111.84 EUR   +1.75%
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Siemens writedown for Siemens Energy to impact Q3 net profit by 2.8 billion euros

06/30/2022 | 01:20pm EDT
FILE PHOTO: Siemens logo is shown on a new Siemens Charger locomotive in California

FRANKFURT (Reuters) - Siemens said on Thursday it was booking a writedown that will result in a 2.8 billion euro ($2.93 billion) impact on net income in the third quarter.

The impairment is related to the fall in the value of Siemens Energy, it said.

($1 = 0.9544 euros)

(Reporting by Tom Sims; Editing by Chris Reese)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
SIEMENS AG 1.75% 111.84 Delayed Quote.-26.75%
SIEMENS ENERGY AG -1.24% 16.355 Delayed Quote.-27.28%
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Financials
Sales 2022 69 668 M 71 432 M 71 432 M
Net income 2022 4 301 M 4 410 M 4 410 M
Net Debt 2022 37 256 M 38 200 M 38 200 M
P/E ratio 2022 22,8x
Yield 2022 3,73%
Capitalization 88 689 M 90 935 M 90 935 M
EV / Sales 2022 1,81x
EV / Sales 2023 1,69x
Nbr of Employees 303 000
Free-Float 88,4%
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Mean consensus OUTPERFORM
Number of Analysts 22
Last Close Price 111,84 €
Average target price 149,42 €
Spread / Average Target 33,6%
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Managers and Directors
Roland Emil Busch President & Chief Executive Officer
Ralf Peter Thomas Head-Corporate Finance, Accounting & Controlling
Jim Hagemann Snabe Chairman-Supervisory Board
Hanna Hennig Chief Information Officer
Bernhard Wardin Head-Technology & Innovation
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