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MarketScreener Homepage  >  Equities  >  Deutsche Boerse AG  >  Siemens Energy AG    ENR   DE000ENER6Y0

SIEMENS ENERGY AG

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Siemens Energy : Signs Agreement on Berlin HQ With Local Government

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10/13/2020 | 05:44am EDT

By Cecilia Butini

Siemens Energy AG said Tuesday that it has signed a memorandum of understanding with the Berlin state government for the development of its corporate headquarters in the German capital.

Siemens Energy had already announced in September the decision to establish its headquarters in Berlin, but the specific location within the city has yet to be decided, it said.

As part of the agreement with the local government, the German energy company is first considering the creation of office space close to a gas turbine production site in the city, it said.

"The State of Berlin agreed to support Siemens Energy in transforming industrial production with the aim of preserving and expanding future-oriented jobs," the company said.

This will include improving accessibility to the site and supporting the company in recruitment efforts, Siemens Energy said.

Write to Cecilia Butini at cecilia.butini@wsj.com

(END) Dow Jones Newswires

10-13-20 0443ET


Stocks mentioned in the article
ChangeLast1st jan.
SIEMENS AG -3.77% 102.38 Delayed Quote.-8.60%
SIEMENS ENERGY AG -1.63% 19.015 Delayed Quote.0.00%
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Financials
Sales 2020 27 672 M 32 575 M 32 575 M
Net income 2020 -1 404 M -1 653 M -1 653 M
Net cash 2020 1 189 M 1 400 M 1 400 M
P/E ratio 2020 -9,88x
Yield 2020 0,01%
Capitalization 14 035 M 16 610 M 16 522 M
EV / Sales 2020 0,46x
EV / Sales 2021 0,43x
Nbr of Employees 91 000
Free-Float 100%
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Mean consensus BUY
Number of Analysts 13
Average target price 27,48 €
Last Close Price 19,32 €
Spread / Highest target 70,9%
Spread / Average Target 42,3%
Spread / Lowest Target 24,3%
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Managers
NameTitle
Christian Bruch President & Chief Executive Officer
Maria Ferraro Chief Financial & Diversity Officer
Steffen Großberger Member-Supervisory Board
Peter Kastenmeier Member-Supervisory Board
Christian Schmid Member-Supervisory Board
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