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    ENR   DE000ENER6Y0

SIEMENS ENERGY AG

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Delayed Xetra  -  11:35 2022-11-25 am EST
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Siemens Energy : to propose KPMG as independent auditor

09/21/2022 | 03:20pm EST

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Press Release21 September 2022Munich/Berlin
Siemens Energy AG to propose KPMG as independent auditor
Siemens Energy AG intends to appoint KPMG as independent auditor for the annual and consolidated financial statements starting with fiscal year 2024. The company plans to submit a corresponding proposal to be voted on by its shareholders at the Annual General Meeting for fiscal year 2024. This has been approved by the Supervisory Board of Siemens Energy AG in the meeting on September 21st based on the recommendation of the Audit Committee.
Siemens Energy AG intends to appoint KPMG as independent auditor for the annual and consolidated financial statements starting with fiscal year 2024. The company plans to submit a corresponding proposal to be voted on by its shareholders at the Annual General Meeting for fiscal year 2024. This has been approved by the Supervisory Board of Siemens Energy AG in the meeting on September 21st based on the recommendation of the Audit Committee.
Laurence Mulliez, Chairwoman of the Audit Committee of Siemens Energy AG's Supervisory Board: "KPMG submitted an attractive offer with a convincing audit approach and a focus on digitalization and service quality. Also, the team KPMG selected for the audit of Siemens Energy AG is characterized by a high degree of expertise, experience, and industry know-how".
The recommendation was preceded by a selection procedure in accordance with the respective European regulations. The audit mandate may be renewed annually by the shareholders' meeting without a new tender process. For fiscal year 2034 at the latest a new tender process will be required.

Siemens Energy is one of the world's leading energy technology companies. The company works with its customers and partners on energy systems for the future, thus supporting the transition to a more sustainable world. With its portfolio of products, solutions and services, Siemens Energy covers almost the entire energy value chain - from power generation and transmission to storage. The portfolio includes conventional and renewable energy technology, such as gas and steam turbines, hybrid power plants operated with hydrogen, and power generators and transformers. More than 50 percent of the portfolio has already been decarbonized. A majority stake in the listed company Siemens Gamesa Renewable Energy (SGRE) makes Siemens Energy a global market leader for renewable energies. An estimated one-sixth of the electricity generated worldwide is based on technologies from Siemens Energy. Siemens Energy employs around 91,000 people worldwide in more than 90 countries and generated revenue of €28.5 billion in fiscal year 2021.

www.siemens-energy.com.

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Contact
Tim Proll-Gerwe

Siemens Energy

+49 (0)152 2283 5652

tim.proll-gerwe@siemens-energy.com

Disclaimer

Siemens Energy AG published this content on 21 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 September 2022 19:19:04 UTC.


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Sales 2022 28 360 M 29 489 M 29 489 M
Net income 2022 -449 M -467 M -467 M
Net cash 2022 1 795 M 1 866 M 1 866 M
P/E ratio 2022 -24,4x
Yield 2022 0,99%
Capitalization 11 531 M 11 991 M 11 991 M
EV / Sales 2022 0,34x
EV / Sales 2023 0,32x
Nbr of Employees 92 000
Free-Float 58,3%
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Number of Analysts 13
Last Close Price 16,14 €
Average target price 20,85 €
Spread / Average Target 29,2%
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Managers and Directors
Christian Bruch President & Chief Executive Officer
Maria Ferraro Chief Financial & Diversity Officer
Josef Kaeser Chairman-Supervisory Board
Laurence B. L. Mulliez Independent Non-Executive Member-Supervisory Board
GŘnter Augustat Member-Supervisory Board
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