We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for streaming realtime charts, analysis tools, and prices.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Siemens N Ord | SIE | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 87.84 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 87.84 | 87.84 |
| Top Posts |
|---|
Posted at 07/5/2021 10:01 by maywillow May 07, 2021 | Munich 2nd quarter results fiscal year 2021Jun 10, 2021 | London JP Morgan Capital Goods Conference Jun 24, 2021 | Munich Siemens Capital Market Day 2021 Aug 05, 2021 | Munich 3rd quarter results fiscal year 2021 Sep 09, 2021 | London Morgan Stanley Industrials Conference Nov 11, 2021 | Munich 4th quarter results fiscal year 2021 |
Posted at 16/4/2018 18:30 by maywillow Financial Results & PresentationsRelease Annual Report 2018 (preliminary) Nov 28, 2018 Fourth-quarter results and preliminary figures for fiscal year Nov 08, 2018 Third-quarter results and analyst call Aug 02, 2018 Second-quarter results and analyst call May 09, 2018 |
Posted at 16/4/2018 18:29 by maywillow Siemens is expanding in the Middle East with a $500 million internet of things investmentGerman multinational Siemens is expanding its Middle East presence by investing $500 million in the digital sphere over the next three years. Siemens plans to build two internet of things facilities in the United Arab Emirates' Dubai and Abu Dhabi. Natasha Turak | @NatashaTurak Published 2 Hours Ago Updated 2 Hours Ago CNBC.com Exterior view of the Siemens Forum, part of the Siemens Headquarters, in Munich, Germany. Getty Images Exterior view of the Siemens Forum, part of the Siemens Headquarters, in Munich, Germany. German multinational Siemens is expanding its already sizeable Middle East presence by investing in the digital sphere, to the tune of $500 million over the next three years. The engineering and software giant announced over the weekend its plans to develop digital innovations in the region with two internet of things facilities in the United Arab Emirates (UAE) — one in Dubai and the other in Abu Dhabi. The projects will be developed on MindSphere, Siemens' open, cloud-based operating system for the internet of things. The company plans to build 20 MindSphere Application Centers in 17 countries, where hundreds of Siemens engineers and specialists will work with customers on projects in machine learning and data analysis. The MindSphere center in Abu Dhabi will focus on developing operational efficiency for customers in areas like water, waste and oil and gas, while the other, to be located in Dubai, will work on solutions for airports, cargo and logistics. The internet of things has been described as merging "physical and virtual worlds, creating smart environments" — imagine devices that are connected to the internet and able to communicate with one another. "The internet of things has arrived and is set to transform industries and cities. However, many companies are still in the early stages of adopting digital strategies and incorporating them into their business models," Roland Busch, chief technology officer at Siemens AG, said in a company press release. "We see vast potential for the adoption of digital technologies in the Middle East and want to support the region's transformation in various ways, ranging from youth development to setting up our MindSphere Application Centers." Investing in a new generation Siemens' investment also includes software grants to university students in the UAE, Egypt and Saudi Arabia to boost digital skills among the region's youth and contribute to a more diversified workforce. These plans fall directly in line with many regional governments' aims to attract private sector job creation while trying to lessen reliance on oil and gas-based revenue. Other projects included in the investment package involve enhancing digitalization for Dubai's Expo 2020, for which Siemens has been named a Premier Partner for Intelligent Infrastructure and Operations. And in partnership with Expo 2020 Dubai and the Dubai Electricity and Water Authority (DEWA), Siemens plans to develop a hydrogen production facility that uses renewable solar energy for electrification and to help develop a green economy in the UAE, the company said. Local investors are enthusiastic about the initiatives. Philippe Ghanem, CEO of Abu Dhabi-based investment firm ADS Securities told CNBC, "Dynamic young economies like the UAE can be early adopters and invest in the technology which will drive future development. Whether it is the internet of things or the wider use of blockchain technology, it is entrepreneurial countries, not tied into legacy systems, which are most open to innovation." Ghanem's own company aims to use distributed ledger technology to power its latest trading platform. With a current workforce of 8,029 in the Middle East, Siemens is familiar with the region and estimates it has created, on average, 135 jobs per year. Natasha TurakCorrespondent, CNBC |
Posted at 20/11/2017 21:07 by ariane Energy Majors Hit Hard By Climate RegulationsBy Leonard Hyman & William Tilles - Nov 20, 2017, 3:00 PM CST Power They say that bad news come in threes. The headlines one day this past week certainly gave credence to that notion—at least for the fossil fuel business. The first news came out of Siemens, a Munich-based industrial conglomerate somewhat akin to the troubled General Electric. After last week’s disastrous news from GE—a 50 percent dividend cut and plans for a complete corporate makeover—we shouldn’t have been surprised. GE’s difficulties weren’t just due to poor business conditions. There has also been too much financial engineering and a history of overpaying for acquisitions. But Siemens made a purely business announcement: It was laying off 6,900 workers due to weak demand for gas turbine electric generators. The industry has the capacity to produce 400 big units per year worldwide, but is producing only 100, and Siemens doesn’t expect demand to bounce back. You can find Leonard Hyman's lastest book ‘Electricity Acts’ on Amazon Understand that the gas turbine is the most efficient and economic fossil fuel generator. And replacement of old coal-fired generation by gas turbines made a major contribution to carbon emission reductions. So, what’s the problem? First, growth in electric sales volume—particu Related: OPEC Chairman: Output Cuts Are The ‘’Only Viable Option’’ Second, the Norwegian state sovereign wealth fund, the biggest in the world, has decided to exit its oil investments. There is, of course, no small irony in this development because Norway built up the fund with revenue from the country’s oil fields. Nor in Norway closing its oil fields to help mitigate global warming. Their central bank, which supervises the fund, says that it’s not prudent for Norway (which already relies heavily on oil revenues) to, in effect, double up on the risk by investing oil revenues in various oil stocks. They are just advocating for more portfolio diversification. The bank claims that this decision has nothing to do with its thoughts about the future or sustainability of the oil business; it’s just a matter of portfolio management. Yet, the central bank could have made the same portfolio judgment years ago, and it should have, based on the expressed line of reasoning. So, the question we’re now left with is, do the Norwegians now have our doubts about the oil business? The third item was unveiled at the UN climate conference in Bonn, Germany. The UK and Canada announced a pledge to end coal-fired power generation by 2030. France, Italy, Mexico, the Netherlands, Portugal, New Zealand, Washington State, Ontario and Alberta have pledged support. This withdrawal from coal raises a technology and manufacturing question. There are only a few worldwide electrical equipment manufacturers, like GE and Siemens discussed above. They build products for worldwide markets, not niche or isolated markets. Related: Can Oil Majors Continue To Beat Estimates? Isolated markets with idiosyncratic demands are often left to self-manufacture equipment that has no market elsewhere. Those markets also lose the benefits of economies of scale and standardization (a reason that Britain’s technical love affair with equipment suitable to its own peculiar market needs left the British electricity industry so far behind for so long). You can find Leonard Hyman's lastest book ‘Electricity Acts’ on Amazon These news items serve as a stark warning. Internationally, the market has turned against the most economical of fossil-fueled electric generating equipment. Also, large institutional investors who have benefitted greatly from fossil fuel investments in the past are having second thoughts. And finally, we might be looking at a date certain to end coal-fired electric generation in much of the world. Despite the U.S.'s best efforts, it was a bad week for carbon. By Leonard Hyman and Bill Tilles for Oilprice.com |
Posted at 14/7/2017 17:01 by waldron Alstom: Barclays still appreciates the recordJean-Baptiste André, published on 14/07/2017 at 14h02 Alstom: Barclays still appreciates the record Photo credit © Alstom (Boursier.com) - Alstom remains well oriented (+ 0.2%) this weekend, after taking 2.7% on Thursday in the wake of its quarterly publication. Barclays, which talks about solid orders, confirms its advice "overweight" on the value and its target of 33 euros. The broker appreciates the history of structural growth in rail ... PUBLICITY While rumors of closer ties with Siemens are steadily returning to the forefront, the broker notes that Henri Poupart-Lafarge, Alstom's managing director, confirmed that the investors' call for the consolidation of the sector in Europe But economies of scale are not easy to achieve in the rolling stock sector. Transactions would have taken place much earlier if not ... With an activity that is doing well, management does not want to rush even if it has the flexibility to act ... |
Posted at 24/1/2012 16:20 by waldron January 24, 2012, 1:05 PM GMT.Analysts Bleak on Siemens's Outlook.Search The Source1 .Article Comments The Source HOME PAGE ».EmailPrintTwitterDigg + More close StumbleUponMySpacede Siemens has its work cut out to combat the effects of the European debt crisis. Profits slumped in the first quarter and the company warned that sales for fiscal 2012 will likely come in at the lower end of forecasts. A dash round leading analysts covering the company reveals uncertainty as to whether the industrial conglomerate can meet its profit target for 2012. We kick off with Credit Suisse, which highlights Renewables, Drive Technologies and Transmission as the main areas for concern. CREDIT SUISSE: Siemens is sticking with guidance for an operating profit of 6 billion for the year, but this has become increasingly challenging. The weak quarterly results have put shares under pressure and may lead to consensus downgrades of about 3%. Among its businesses, Industry Automation held up well with order growth of 13% despite cautious management comments earlier in the month, CS noted. The main areas of disappointment were Renewables, Drive Technologies, Transmission and to a lesser extent Power Grid Solutions and Products and Building Technologies. The brokerage has an outperform rating with an 79 target price. LBBW has many of the same concerns and raises the question as to whether Siemens's profit targets are realistic. LBBW: Siemens's first-quarter results have been affected by weak margins in certain divisions, so that the key operating profit figure, "total sector profit," is significantly below LBBW's expectations. Incoming orders at gas power plants were under a lot of pressure, and renewables swung to a loss. The EBIT margin in the Diagnostics unit also disappointed, the bank added. Overall exceptional costs, however, were less than what LBBW thought they would be. While Siemens confirmed its fiscal 2012 operating profit target of 6 billion, LBBW said first-quarter results give reason for doubt if this target is still realistic. It maintained hold rating with a target price of 75. Analysts at JP Morgan, meanwhile, worry that Siemens has greater exposure than its peers to developed markets and governments. JPMORGAN: According to JP Morgan, there is no specific catalyst for Siemens in the near term. Siemens has higher exposure to developed markets and governments than peers, the brokerage said, adding that first-quarter orders were decent, but underlying profits fell short of expectations. The brokerage also noted risk of further modest consensus downgrades. "Given its index weight and investors' desire to play specific investment themes, the absence of a strong investment case, other than valuation, made it difficult to maintain our earlier overweight rating, after the 2011 catalysts have come and gone," it said. JPMorgan maintained its neutral rating of December with a EUR90 target. Silvia Quandt takes a contrarian view, saying Siemens's "early cyclical business result it encouraging". SILVIA QUANDT: Additional charges at Siemens's mobility division and a weak result in Renewables in first-quarter are disappointing. However, the early cyclical business result is encouraging, the brokerage said, adding it expects Siemens to meet its full-year 6 billion net income target, even though it has become more demanding due to cost overruns at offshore wind grid connection projects. Quandt noted Siemens is sticking to its target to distribute surplus cash to investors which could result in an extra dividend end-2012. It maintained a buy rating and 102 target. Analysts at SocGen are harder to convince: SOCIETE GENERALE: Overall, the only good news from Siemens is group order intake, which is down just 5%, SocGen said. "After a difficult environment also in 2Q, Siemens expects a recovery in 2H, which we consider unlikely at this stage given the macro uncertainties," SocGen added. Its recommendation is buy with 85 target. We'll conclude with WestLB which seems to sum up the consensus view that Siemens has got off to a poor start to the year and may well have to revise down its profit forecasts for the full year. WESTLB: Siemens's first-quarter results showed a weak start to the year, with underlying margins missing market expectations. "This does not bode well for second-quarter estimates and the management needs to give reassurance that profitability can increase again in the second-half," the brokerage said. Osram made a stronger than expected contribution to net income, WestLB noted. However, the brokerage is convinced Siemens will have to adjust its seemingly ambitious guidance. WestLB also expects significant charges at Nokia Siemens Network and Healthcare to affect the bottom-line in the second-quarter. It reiterates neutral rating. |
Posted at 10/1/2012 07:52 by la forge INTERVIEW: Siemens Warns Earnings Targets Are Very Ambitious Share this article PrintAlert Siemens (NYSE:SI) Intraday Stock Chart Today : Tuesday 10 January 2012 German industrial giant Siemens AG (SIE.XE) indicated that its full-year earnings targets may be in danger as the fragility of the global economy chokes investment by its customers. "Our guidance is very ambitious," its financial chief Joe Kaeser told Wall Street Journal Deutschland in an interview published Tuesday. "It certainly hasn't gotten easier to achieve our goals since we released them. The headwinds have become stronger." Siemens, whose products span gas turbines, streetcars and pregnancy tests, has repeatedly stated it is facing a number of macroeconomic challenges including the European debt crisis, but Chief Executive Peter Loescher said two months ago he expects sales will rise as much as 5% in fiscal 2012, thanks to a record order backlog. That figure stood at EUR96 billion on Sept. 30, the end of its fiscal year. Siemens also said in November profit from continuing operations will be flat at EUR6 billion when stripping out a EUR1 billion net gain that occurred in 2011 following its exit from the Areva NP nuclear power joint venture. Kaeser said it will require "tough work" to meet the profit forecast. "We already said in the summer that the overall economic situation will have an impact on the investment behaviour of our customers," he said. "When our customers invest less, we get fewer new orders." Siemens will feel that in the first and second quarter of the current fiscal year, he added. The Munich-based conglomerate isn't alone in feeling the investment chill. General Electric Co. (GE), a main rival alongside Dutch firm Royal Philips Electronics NV (PHIA.AE), said last month it plans to counter tough economic conditions in Europe by restructuring some of its operations on the continent. Siemens expects industrial demand to be slow in the first half of this calendar year due to the European debt crisis which has sapped confidence in financial structures and made banks less willing to grant loans, Kaeser said, but he added that he anticipates a significant rebound in the second half. Speaking about the global economy, he said that emerging markets as well as the U.S. -- where recent "encouraging" macroeconomic data according to Kaeser indicates growth may pick up -- could prompt a dynamic rebound of the world economy in the second half of 2012. Kaeser, 54, became Siemens' finance chief in 2006. Before that, he held various management positions at the company, including strategy chief. Siemens has already warned that profit this year will be hit by extra costs linked to Nokia Siemens Network, or NSN, its loss-making telecommunications equipment joint venture with Finland's Nokia (NOK), and to the restructuring of its healthcare division. However, Kaeser said in the interview there will also be extra charges related to delays in contracts with cross-border electricity grid operator TenneT to connect offshore wind farms in the North Sea to the power grid. Siemens blamed the delays on a complex approval process. "We already see considerable extra costs in those projects due to the delays and uncertainty," Kaeser said, referring to Siemens' fiscal first quarter ended in December. He declined to specify the amount. Kaeser said that Siemens will most likely not book any charges linked to the NSN restructuring in the quarter that ended Dec. 31. NSN has been struggling to cope with tough competition since it started operations in 2007 and has said it will cut more than a fifth of its 74,000 workforce as it focuses on mobile broadband equipment. The restructuring of the healthcare business, where sales grew at a sluggish 1% last year, includes a reduction of 6% to 8% of the diagnostics unit's 15,000 staff. Siemens said in November the healthcare revamp will cost EUR300 million, but Kaeser told Wall Street Journal Deutschland the final figure is likely to be lower. The healthcare division employs about 51,000 people and had sales of EUR12.5 billion in fiscal 2011. Its diagnostics unit expanded thanks to major acquisitions in 2006 and 2007, including the $7 billion purchase of U.S.-based Dade Behring, but hasn't met growth targets. The company wrote down more than EUR1 billion on the unit in 2010. "Dade Behring had a high valuation at the time of the takeover and was extremely expensive," Kaeser said. The situation remains "absolutely unsatisfactory," he added. Siemens also postponed its plans to list a stake in its Osram lighting unit on the stock exchange in September, due to market volatility. Kaeser said that an Osram flotation remains on the agenda, but it isn't a top priority. "The big challenges at the moment are elsewhere," he noted. The gray clouds, however, have a solid silver lining. The conglomerate had cash and cash equivalents of almost EUR12.5 billion at the end of September, and analysts and investors have urged the company to return some of it to shareholders if there are no acquisitions worth targeting. "We will see at the end of fiscal 2012 how we manage our liquidity," Kaeser said. "For now, we have to work hard to meet our full-year targets." -By Philipp Grontzki and Nico Schmidt, Dow Jones Newswires; +49 69 29 725 107; tmt.de@dowjones.com |
Posted at 28/2/2011 21:48 by waldron Siemens Said to Weigh IPO for Osram Unit Within Two MonthsFebruary 28, 2011, 12:11 PM EST More From Businessweek European Stocks Advance; Syngenta, Siemens Shares Lead Gains German Stocks Advance in Frankfurt; Siemens Shares Lead Gain Bayer Posts Fourth-Quarter Loss on Schering Brand Writedown Glencore Said to Talk With IPO Investors, Brief Analysts Hutchison Seeks $5.83 Billion in Port Trust IPO, Terms Show Story Tools e-mail this story print this story 0diggsdiggadd to Business Exchange By Julie Cruz and Zijing Wu (Updates with analyst comment in fourth paragraph.) Feb. 28 (Bloomberg) -- Siemens AG, Europe's largest engineering company, is weighing an initial public offering of its Osram lighting business within the next two months, according to two people familiar with the discussion. The German company has retained Deutsche Bank AG, Goldman Sachs Group Inc. and Commerzbank AG to help prepare the IPO, said the people, who declined to be identified because the information is private. Munich-based Siemens has yet to make a final decision on the stock sale, one of the people said. Siemens spokesman Alexander Becker declined to comment. An IPO of Osram would be Siemens's biggest structural change since the company sold its VDO automotive unit to Continental AG for 11.4 billion euros in 2007. Osram, the second-largest lighting company by sales after Royal Philips Electronics NV, has an enterprise value of 6.5 billion euros ($9 billion) to 7 billion euros, Morgan Stanley estimates. "We would see an IPO and over time exit of Osram as a positive step for Siemens," Andreas Willi and Joseph Peter, analysts at JPMorgan Chase & Co., said in a research note today. "We see limited synergies for Osram being part of Siemens as its business model is different." Selling Assets Siemens rose 3.43 euros, or 3.6 percent, to close at 97.59 euros, the biggest gain in almost three months. Selling Osram would bring Siemens closer to a complete withdrawal from consumer-oriented products, after giving up phones and moving the home-appliance unit into a joint venture. Siemens's other consumer product is hearing aids, which the company considered selling before shelving the plan last year. Chief Executive Officer Peter Loescher has accelerated a corporate overhaul of Siemens after improving earnings and cleaning up a bribery investigation that swept out his predecessors. In December, Siemens agreed to sell its unprofitable computer-services division to Atos Origin SA, followed by the sale of a stake in a German tank maker. New orders and sales at Osram both rose 14 percent to 1.28 billion euros in the first three months of fiscal 2011, while profit slipped 2 percent to 141 million euros, Siemens said last month. The company will "continue investing in market expansion and production capacity in coming quarters," Siemens said then. Osram today agreed to buy Traunreut, Germany-based Siteco Lighting GmbH from Barclays Private Equity for an undisclosed sum. The purchase would add 1,250 workers and about 220 million euros in revenue, and expand Siemens's offerings of LED-type lighting, an area where it trails Amsterdam-based Philips. More Demanding Goals Siemens on Nov. 11 introduced more demanding capital- efficiency goals for its divisions, requiring a return on capital employed, or ROCE, of 15 percent to 20 percent. That may force Siemens to reconsider the future of its Osram unit as the division needs more investments to catch up with rivals that also include Samsung Electronics Co., analysts have said. The German company has sold businesses previously that no longer fit into the portfolio or require more capital. Siemens in 1999 sold shares of its Epcos unit that made electronic components, and a year later sold shares of Infineon Technologies AG, the semiconductor division. Siemens sold its remaining stakes in both companies in 2006. Siemens had also prepared an IPO of the VDO automotive before deciding to sell the business to Continental AG in 2007. Osram, which is already a separate legal entity within Siemens, employs about 39,000 people globally. The company was founded in 1906, and the name Osram was created from the names of the two materials needed at the time to produce filaments: osmium and wolfram. Governments in Europe are discouraging the use of conventional light bulbs, which turn only convert 5 percent to 10 percent of the energy used into light and have shorter life spans than LEDs. -- With assistance from Aaron Kirchfeld and Richard Weiss in Frankfurt. Editors: Benedikt Kammel, Heather Harris. To contact the reporters on this story: Julie Cruz in Frankfurt at jcruz6@bloomberg.net To contact the editors responsible for this story: David Merritt at dmerritt1@bloomberg. |
Posted at 11/11/2010 10:57 by grupo guitarlumber Siemens Lifts Dividend as Demand Buoys Sales, OrdersBy Richard Weiss - Nov 11, 2010 11:32 AM GMT+0100 Tweet (5)LinkedIn Share Business ExchangeBuzz up!DiggPrint Email . Siemens predicted "substantial" organic order growth for fiscal 2011, and "moderate" growth for revenue. Income from continued operations next year will exceed this year's earnings by 25 percent to 35 percent, the company said. Photographer: Michele Tantussi/Bloomberg Play VideoNov. 11 (Bloomberg) -- Siemens AG Chief Executive Officer Peter Loescher talks about the company's fiscal fourth-quarter results and dividend policy. Europe's largest engineering company plans to boost its dividend to 2.7 euros for 2010, more than analysts had predicted, after resurging economic growth bolstered manufacturing. Loescher speaks from Munich with Maryam Nemazee on Bloomberg Television's "Countdown." (Source: Bloomberg) Siemens AG announced a bigger-than- estimated increase to its dividend for 2010 after resurging economic growth bolstered manufacturing at Europe's largest engineering company. The proposed payout of 2.7 euros a share compares with an estimate of 2 euros in a Bloomberg survey. For the last three years, Siemens had kept its dividend at 1.60 euros. The company said today that fiscal fourth-quarter sales rose 7.7 percent to 21.23 billion euros ($29.27 billion), beating estimates, and predicted moderate revenue growth for 2011. Siemens, based in Munich, aims to sustain dividends, setting aside as much as 50 percent of profit to distribute among investors. The payout is a "strong signal" that Siemens will outgrow rivals and build up its presence in emerging markets, which generate a third of its business, Chief Executive Officer Peter Loescher said in a Bloomberg Television interview. "The strong cash flow and dividend hike is encouraging, while the guidance is sufficiently vague to allow for future upside," UniCredit analyst James Stettler said in a note to clients today. He recommends investors to "hold" the shares and expects them to trade at 85 euros within a year. Siemens boosted its cash holding by 39 percent to 14.1 billion euros for the year ended Sept. 30. The dividend will cost about 2.47 billion euros, Bloomberg calculations showed. Outperforming Rivals Siemens rose as much as 3.3 percent to 85.90 euros in Frankfurt, valuing the company at 78.5 billion euros. Before today, the stock had advanced 34 in 12 months, beating gains of 26 percent at Koninklijke Philips Electronics NV, 7.3 percent at General Electric Co., and 4.5 percent at ABB Ltd. French train and turbine maker Alstom SA has dropped 27 percent. The engineer also raised its target range for return on capital employed, or ROCE, to 15 percent to 20 percent from a range of 14 percent to 16 percent to improve efficiency. "We're coming out of the economic downturn with full momentum," Loescher said in a statement. "Our growth is gaining speed. We expect to take this positive momentum into the next fiscal year." Loescher dropped margin targets for the divisions and will focus instead on new goals for the three main units based on earnings before interest, taxes, depreciation and amortization only. The company is now targeting 10 percent to 15 percent EBITDA as a proportion of sales for its energy and industry businesses, and 15 percent to 20 percent in health care. So-called sector profit from the main health care, industry and energy divisions fell to 1.06 billion euros from 1.92 billion euros because of a writedown tied to acquisitions in the health-care division, which Siemens disclosed in September. The net loss was 467 million euros. Revenue exceeded an analyst forecast of 20.35 billion euros in a Bloomberg survey. Smaller Charge The company booked an impairment charge of 1.2 billion euros for its diagnostics business. The charge was lower than previously communicated because of "favorable currency effects," Siemens said. Siemens also took 125 million euros in charges tied to a water project in the U.S., as well as 122 million euros in costs to cut jobs. The SIS computer-services unit lost 463 million euros in the quarter, mainly tied to charges for job reductions. Siemens predicted "substantial" organic order growth for fiscal 2011. Income from continued operations next year will exceed this year's earnings by 25 percent to 35 percent, the company said. New orders in the fourth quarter rose 25 percent to 23.47 billion euros as customers signed contracts to buy power plants, high-voltage power lines and turbines for wind- energy projects. Sales for the fiscal year started Oct. 1 may rise between 1 and 4 percent, Chief Financial Officer Joe Kaeser indicated today. Sales fell 1 percent last year. German plant and machinery orders rose 40 percent in the three months through September, the VDMA machine-makers' association said on Nov. 2. The trade group said investors are switching back to "normal mode" after orders, propelled by the global recovery from the recession, surged by as much as 61 percent in May and 62 percent in June. To contact the reporter on this story: Richard Weiss in Munich via rweiss5@bloomberg.ne To contact the editors responsible for this story: Benedikt Kammel at bkammel@bloomberg.ne . |
Posted at 11/11/2010 10:07 by grupo guitarlumber Financial Calendar of Siemens AGUpcoming Capital Market Events May 17, 2023 | Munich 2nd quarter results fiscal year 2023 Aug 10, 2023 | Munich 3rd quarter results fiscal year 2023 Nov 16, 2023 | Munich 4th quarter results fiscal year 2023 Apparently the next divi forecasted for January 2024 |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
