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SIE Siemens N Ord

87.84
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Siemens N Ord LSE:SIE London Ordinary Share DE0007236101 SIEMENS ORD SHS
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 87.84 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 87.84 EUR

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Date Time Title Posts
26/10/202321:43Siemens: A Green Growth Share Cum ABB & Schneider Electric254
28/5/201009:11Siemens AG39

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Posted at 11/8/2022 06:46 by waldron
Siemens AG cut the outlook for earnings per share for the full fiscal year after it swung to a loss in its third quarter due to an impairment on its investment in Siemens Energy AG.

The German industrial conglomerate said Thursday that its net loss was 1.66 billion euros ($1.71 billion) for the period ended June 30, compared with a profit of EUR1.35 billion a year earlier. Analysts had forecast a loss of EUR532 million, according to consensus estimates provided by Siemens.

The company had booked an impairment of EUR2.7 billion on its investment in Siemens Energy AG during the three-month period. It also saw about EUR600 million in Russia-related charges.

Siemens said revenue for the quarter was EUR17.87 billion compared with EUR16.09 billion for the year-earlier period, beating analysts expectations of EUR17.47 billion. Orders rose to EUR22.01 billion from EUR20.49 billion.

For the full fiscal year 2022, Siemens lowered the target for basic earnings per share from net income before purchase price allocation accounting due to the Siemens Energy impairment. It now sees the metric, also called EPS pre PPA, at EUR5.33 to EUR5.73, down from EUR8.70 to EUR9.10 previously. It confirmed the target of 6% to 8% growth in comparable revenue, net of currency translation and portfolio effects.



Write to Kim Richters at kim.richters@wsj.com



(END) Dow Jones Newswires

August 11, 2022 01:37 ET (05:37 GMT)
Posted at 01/7/2022 10:32 by waldron
Siemens Investment in Siemens Energy Could Hurt 3Q Earnings by EUR2.8B

Siemens AG said Thursday it could see a non-cash impairment of about EUR2.8 billion ($2.92 billion) on its investment in Siemens Energy AG.

Siemens AG said that, with the closing share price of Siemens Energy on Germany's Xetra, the market value of Siemens AG's 35% investment in Siemens Energy is significantly below the book value. Siemens Energy shares Thursday closed at EUR13.99, down about 4.3%.





Sodexo Backs Full-Year Guidance After Strong 3Q

Sodexo SA on Friday backed its guidance for the financial year after reporting a strong third quarter.

The French food-services and facilities company posted revenue of 5.52 billion euros ($5.79 billion) for the quarter, up from EUR4.48 billion the year prior. It said that a minus 1.7% hit from acquisition and disposals was more than compensated by a strong positive currency impact of 6.6%, through the strength of the US dollar and the Brazilian Real.
Posted at 03/12/2021 09:58 by grupo guitarlumber
Consensus

Mean consensus OUTPERFORM

Number of Analysts 23

Last Close Price 147,80 €

Average target price 170,48 €
Spread / Average Target 15,3%

High Price Target 200,00 €
Spread / Highest target 35,3%

Low Price Target 130,00 €
Spread / Lowest Target -12,0%
Posted at 03/12/2021 09:53 by gibbs1
In a research note, JP Morgan analyst Andreas Willi has maintained his recommendation on the stock with a Buy rating. The target price remains set at EUR 190.
Posted at 15/7/2021 09:05 by grupo guitarlumber
SIEMENS AG (SIE)

Real-time Estimate Quote. Real-time Estimate Tradegate - 07/15 05:03:52 am

131.33 EUR -1.67%
Posted at 10/5/2021 07:16 by grupo
Analyst Shane McKenna from Barclays research gives the stock a Neutral rating. The target price is increased from EUR 139 to EUR 144.
Posted at 07/5/2021 07:56 by grupo
07/05/2021 8:32am
Dow Jones News

Siemens (XE:SIE)
Intraday Stock Chart


Friday 7 May 2021
Click Here for more Siemens Charts.

--Siemens's net profit surpasses company-provided consensus

--China made a significant contribution to revenue growth

--The German engineering conglomerate raises guidance for its fiscal year



By Mauro Orru



Siemens AG said Friday that net profit for the second quarter of fiscal 2021 rose thanks to the performance of its industrial businesses and the sale of its mechanical-drives business Flender. China made a significant contribution to revenue growth.

The German engineering conglomerate said net profit for the quarter ended March 31 climbed to 2.27 billion euros ($2.74 billion) from EUR652 million a year earlier.

Siemens closed the sale of its Flender business to investment company Carlyle Group Inc. in March, booking a gain of EUR900 million.

Adjusted earnings before interest, taxes and amortization for its industrial businesses--a metric closely-watched by analysts--rose to EUR2.09 billion from EUR1.59 billion, with a corresponding margin of 15.1%.

Chief Financial Officer Ralf P. Thomas said during the company's earnings call that the automotive industry and machine building--two key customer markets--continued to recover at a fast pace, with orders up across all automation businesses.

Revenue for the group increased to EUR14.67 billion from EUR13.78 billion. Orders rose to EUR15.88 billion from EUR14.66 billion.

Analysts had expected net profit of EUR1.56 billion, revenue of EUR14.13 billion and orders of EUR15.07 billion, according to consensus provided by the company.

"Growth momentum came, in particular, from the automotive industry, machine building, our software business and--from a geographic perspective--from China. Besides the gratifying margin developments at our industrial businesses, our successful portfolio management also paid off," Mr. Thomas said.

Chief Executive Roland Busch echoed the message on China where he said industrial output is above pre-pandemic levels, while the recovery in Europe and the U.S. is gaining momentum as vaccinations accelerate.

Mr. Busch said during the earnings call that there should be an uptick in spending in areas such as travel and trade-show expenses as economies reopen, adding that Siemens would make selective investments in digital apps and other areas based on demand.

"We'll also continue to optimize our sales channels. After all, we want to grasp the emerging opportunities," Mr. Busch said.

Given higher visibility for the coming months and the expectation Siemens will deliver a strong performance in the second half of the fiscal year ending Sept. 30, the company raised its guidance.

Siemens now expects net income between EUR5.7 billion and EUR6.2 billion instead of between EUR5 billion and EUR5.5 billion as previously indicated.

Revenue growth should be between 9% and 11% on a comparable basis. The company previously anticipated a range of mid- to high-single-digit growth.

Like most companies of scale, Siemens has been affected by the global chip shortage and price increases.

"So far, our teams have been doing a great job here. They're working hard to further mitigate risks from electronics shortages and price increases in certain categories," Mr. Busch said.

Management has noted supply tensions in areas such as steel, plastics and freight capacities, saying there could be production constraints and longer delivery lead times to customers in the coming months.



Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94



(END) Dow Jones Newswires

May 07, 2021 03:17 ET (07:17 GMT)
Posted at 03/2/2021 06:44 by maywillow
Siemens hikes full-year guidance on swift recoveries in China and Germany
Published Wed, Feb 3 20211:32 AM EST
Elliot Smith
@ElliotSmithCNBC
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wallix | iStock Editorial | Getty Images

Siemens significantly raised its full-year guidance on Wednesday after a strong fiscal first quarter that saw orders, revenue and net income outstrip market expectations.

The German conglomerate reported a 39% rise in adjusted EBITDA (earnings before interest, tax, depreciation and amortization), while net income for the period from October to December rose to 1.5 billion euros ($1.81 billion) from 1.1 billion euros for the same period the previous year.

Orders jumped 15% with the company citing faster-than-expected recoveries in China and Germany following the Covid-19 downturn. Siemens now expects net income for the full fiscal 2021 of between 5 billion and 5.5 billion euros.

“The strong performance of our businesses underscores once again our ability to rigorously leverage even short-term opportunities in our markets,” Siemens CFO Ralf Thomas said in a statement.
Posted at 17/12/2020 07:35 by adrian j boris
In his latest research note, analyst Simon Toennessen confirms his positive recommendation.

The broker Jefferies is keeping its Buy rating. The target price remains unchanged at EUR 135.
Posted at 21/6/2020 06:04 by adrian j boris
Energy Giants To Bring Greener LNG To The Market
By Jon LeSage - Jun 16, 2020, 12:00 PM CDT
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As global LNG demand continues to grow into the foreseeable future, supplying ‘green LNG’ could give producers an edge in this burgeoning market. French oil and gas giant Total and Siemens Gas and Power division are conducting studies that could greatly benefit each company.

Reducing greenhouse gas emissions at LNG liquefaction facilities, and improving plant reliability, maintainability, regulatory compliance and development costs, are targets for the study. Decarbonizing LNG production can feed into more demand for the fuel with stringent government regulations and corporate mandates kicking in. Being considered the cleanest fossil fuel, the European Commission sees it as an excellent alternative energy to reduce emissions and combat climate change.

As we’re seeing with green hydrogen, several countries have started committing billions of dollars in a bid to combat climate change. The US has been particularly fond of LNG to meet these targets — and as the domestic gas supply is ample enough to grow exports.

McKinsey & Co. forecasts that the global gas and LNG market will continue to expand 3.6 percent each year through 2035.

Total has been expanding its energy portfolio in recent years, with LNG being prioritized. Last month, Total was able to round up $15 billion for an LNG-project in Mozambique for a signing scheduled in June. It will be expanding to $23 billion and make up Africa’s largest private investment yet, binding in about 20 banks. The project will chill natural gas into a liquid for export.

Siemens sees great potential in LNG, having taken on another major alliance. The company found equity investment partners for a new combined cycle power plant for the integrated LNG-to-Power project in Rio de Janeiro, Brazil. Siemens owns one-third of project company Gás Natural Açu (GNA) with Brazil logistics company Prumo Logística S.A. and oil major BP.

Siemens will benefit from the new study’s exploration of gas turbine compression trains in rolling systems. Its Houston-based Gas and Power unit produces products for power generation, such as gas and steam turbines, generators, turbine packages, and tailored OEM power plant solutions.

The new study will look into using gas turbine- and electric-driven compression trains in conjunction with proven single-mixed refrigerant and double-mixed refrigerant technologies for the coolant function in drivetrain and power systems. Another method being explored is developing techniques to improve the efficiency of onsite power generation facilities; that might include heat recovery systems, inlet air chilling, supplementary firing, renewables integration, and battery storage.
Related: The End Of The OPEC Deal Could Be The Start Of A New Oil Price War

“Siemens Gas and Power is committed to supporting the LNG industry’s efforts to reduce carbon emissions through the application of proven equipment solutions and by providing financial, technical development, and strategic support to customers in the early concept development and pre-front-end engineering design (FEED) stages of projects,” said Thorbjoern Fors, CEO for Siemens Energy Oil & Gas Division. “We are proud to continue these efforts by partnering with Total to drive towards the lowest possible plant emissions profile and attain the highest degree of sustainability in LNG production.”

As part of the agreement, Siemens in conducting studies to explore possible liquefaction and power generation in plant designs. The endgame here will be hitting targets for decarbonizing LNG production. But other efficiencies are part of the overall goals, according to the two companies. That will include leveraging digitalization and automation platforms to optimize plant design and achieve seamless project execution.

Siemens thinks that application of digital technologies, such as artificial intelligence, digital twins, and predictive analytics, offer substantial gains for LNG developers and operators to improve the economic viability of their facilities. Participating in the Hammerfest LNG plant above the Arctic Circle, Siemens has been able to divert unplanned downtime in the plant. Siemens developed an advanced digital system that monitors and rapidly responds to the entire system to keep it operating efficiently.

By Jon LeSage for Oilprice.com
Siemens N Ord share price data is direct from the London Stock Exchange

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