Siemens N Ord Share Discussion Threads

[maywillow] 23/6/2023 11:36

Financial Calendar of Siemens AG


Aug 11, 2022 | Munich 3rd quarter results fiscal year 2022



Nov 17, 2022 | Munich 4th quarter results fiscal year 2022

[ariane] 23/4/2023 07:31

Siemens-Dragados consortium wins €7bn offshore grid connection contract



By NS Energy Staff Writer 21 Apr 2023

Siemens Energy and Dragados will provide high-voltage direct current (HVDC) transmission technology for three grid connections, dubbed BalWin3, LanWin2, and LanWin4, to transport electricity from wind farms in the German North Sea
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Siemens and Dragados will provide HVDC transmission technology. (Credit: Siemens Energy)

Siemens Energy, together with its consortium partner Dragados Offshore, has won a contract worth about €7bn for three offshore grid connections in the German North Sea.

Under the contract awarded by German-Dutch transmission system operator TenneT, Siemens and Dragados will provide high-voltage direct current (HVDC) transmission technology for three grid connections in the German North Sea.

The three grid connections, dubbed BalWin3, LanWin2, and LanWin4, will transport electricity from wind farms in the German North Sea to grid connection points in the north of Germany.

The BalWin3 and LanWin4 projects will be supplied with a connection to the onshore grid in Wilhelmshaven, and LanWin2 with a connection near Heide.

Each of the transmission systems will have a 2GW capacity, to ensure a total of 6GW of offshore wind power to be transported onshore.

Siemens Energy will manufacture the main electrical components, including switchgears, transformers and converter technologies, at its facilities in Europe.

Its Spanish consortium partner Dragados Offshore will carry out the construction and offshore installation of the platforms.

Siemens Energy executive board member Tim Holt said: “In the global race against climate change, grid expansion must be able to keep pace with the accelerated expansion targets for renewable energies.

“Shorter contracting processes, large-scale tenders and standardization of solutions show how grid operators and manufacturers are already pulling together to get green energy to consumers faster.

“However, in order for the industry to continue ramping up capacity, all available levers must now be pulled at the policy level as well – from raw material and skilled labour strategies to further streamlining permitting processes at all levels.”

TenneT has awarded the contract, as part of its €30bn contracts for 14 offshore grid connection systems in the region.

The company has already awarded 11 contracts worth €23bn last month to Hitachi Energy and Petrofac partnership, and consortia involving GE and Sembcorp (SMOP), GE and McDermott.

The contract to Siemens-Dragados consortium completes TenneT’s awarding process for the sea- and land-based converter stations, announced in August last year.

Through the contracts, the company expands the offshore wind energy transmission capacity in German and the Dutch North Sea, as many as 28 large-scale power plants.

TenneT COO Tim Meyerjürgens said: “As the leading offshore transmission system operator in the EU, we have the know-how needed to make Europe’s goal of securing an independent supply of renewable energies a reality.

“To achieve this, the North Sea must be developed as Europe’s green powerhouse and quickly connected to the electricity grids on land. We are acting and investing accordingly.

“Our 2GW Program will help make green wind energy from the North Sea scalable and more cost-efficient – while continuing to minimise any impacts on the environment.”

[grupo guitarlumber] 09/4/2023 07:50

Apparently the next divi forecasted for January 2024

must check

EDIT

SEEMS CORRECT AS DIVI RECENTLY PAID IN FEBRUARY 2023

[grupo guitarlumber] 09/4/2023 07:46

Cheers

Roll on Tuesday

[waldron] 09/4/2023 07:43

Upcoming events on LEONARDO S.P.A.

May/02/23 Shareholders Meeting - First Call

May/03/23 Q1 2023 Earnings Call

May/03/23 Q1 2023 Earnings Release

May/10/23 Shareholders Meeting - Second Call

May/22/23 Ex-dividend day for final dividend

[waldron] 09/4/2023 07:40

Financial Calendar of Siemens AG
Upcoming 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

[waldron] 09/4/2023 07:38

Seems good value although dividend low

Appears toppy at present but might break thru resistance during the week due to positive news

[waldron] 09/4/2023 07:34

Leonardo S.p.A. is one of the European leaders in the design, manufacturing and marketing of aerospace defense systems. Net sales break down by family of products as follows:

- defense systems (44.6%): weapons, radar, etc.;

- helicopters (29.4%): for civilian and military uses;

- aeronautic equipment (25.6%): aircrafts, etc.;

- other (0.4%).

At the end of 2021, the group had 106 production sites located in Italy (55), Europe (8), the United States (32) and other (11).

Net sales are distributed geographically as follows: Italy (17%), the United Kingdom (9.4%), Europe (21.6%), the United States (25.4%) and other (26.6%).

Number of employees : 51 392 people.

[waldron] 09/4/2023 07:25

Leonardo, Siemens to offer digital security to industrial infrastructures

TechnologyNewsPopular

By NS Business Staff Writer 07 Apr 2023

The MoU has come within a partnership between the two companies to combine specific development skills of services and solutions that are aimed at protecting the IT/OT infrastructure of industrial sites
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Italian technology firm Leonardo signed a memorandum of understanding (MoU) with Siemens Digital Industries to offer advanced cybersecurity solutions for information technology/operational technology (IT/OT) in the energy, oil and gas and industrial sectors.

The MoU has come within a partnership between the two companies to combine specific development skills of services and solutions that are aimed at protecting the IT/OT infrastructure of industrial sites.

According to Leonardo, the key area of intervention will be the resilience of automation and connectivity systems, which monitor the assets, machinery, and operations of critical infrastructures, against accidents and cyberattacks.

The Italian cyber and security solutions company stated that the MoU offers an integrated commercial proposal that addresses the demands of the oil and gas, energy, and industrial industries by utilising the companies’ patented goods and services.

The developed technological solutions will be integrated with Siemens’ open digital platform Xcelerator, which offers a full range of hardware, software, and digital services enabled for the internet of things (IoT).

Siemens Digital Industries head Giuliano Busetto said: “Together with Leonardo, we combine their undoubted ability to integrate systems with our technology, creating a unique synergy and proposal to the market.”

The partnership is expected to enable complete protection. It will range from threat intelligence to the detection of cyber threats to OT infrastructures and to their protection with attack monitoring and management services.

Leonardo’s CEO Alessandro Profumo said: “Thanks to this agreement, Leonardo and Siemens can create new synergies based on complementary technologies and skills, with the aim of jointly developing solutions capable of responding more effectively to the growing cybernetic challenges in the industrial and energy sector.

“In this regard, Leonardo’s evolutionary path traced to the Be Tomorrow 2030 strategic plan continues, the aims of which are to make our company the cornerstone of a technological ecosystem capable of protecting the safety of citizens and promoting, together with institutions and partners, the country’s long-term competitiveness.”

[waldron] 11/8/2022 07:46

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 [e-mail]



(END) Dow Jones Newswires

August 11, 2022 01:37 ET (05:37 GMT)

[waldron] 13/7/2022 15:18

Siemens Energy to power the world’s lowest-emission LNG facility


By NS Energy Staff Writer 13 Jul 2022

Woodfibre LNG will be powered by clean, renewable hydroelectric power, reducing its greenhouse gas emissions by more than 80%


Siemens Energy announced today that it has been selected as the single solution supplier for the all-electric Woodfibre LNG project near Squamish, in British Columbia, Canada. Siemens Energy’s scope includes all equipment associated with the main refrigeration trains including compressors, synchronous motors, variable speed drives, converter transformers, harmonic filters and numerous powerhouses. The main refrigeration compressor trains are one of the components of the liquefaction process that produces the LNG that will eventually be stored in tanks and then transported to LNG tankers for shipping abroad.

The environmentally friendly LNG facility will be located at the site of a former pulp and paper operation. It will be sized for 2.1 million tonnes per annum and utilize clean, renewable hydroelectricity, reducing its greenhouse gas emissions by more than 80%. This will make the plant one of the lowest emission LNG export facilities in the world. It will also support global decarbonization with exports to Asian economies that are currently driven by coal.

Rich Voorberg, president of Siemens Energy for North America said “When it comes to the energy transition, we know that natural gas will be part of the answer. We are proud of our ability to bring end-to-end solutions to industry leading clean energy projects like this one and view the Woodfibre LNG plant as playing an instrumental role in the energy transition here in North America.”

“Woodfibre LNG is working to incorporate a sustainable approach into as many aspects of our project’s engineering and design as possible,” said company president Christine Kennedy. “This includes using safe, efficient equipment for the LNG refrigeration process – like that which Siemens Energy will supply – to build what will become the world’s lowest-emission LNG export facility.”

The project is expected to reach substantial completion in 2027 and begin commercial operation by September of that year. Once completed, it is expected to provide over 100 long-term family-supporting jobs.

Source: Company Press Release

[waldron] 01/7/2022 11:32

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.

[waldron] 28/6/2022 06:45

Volkswagen is close to selling a minority stake in its U.S. electric-vehicle charge business to an arm of Siemens, a deal that would value the network at more than $2 billion, according to people familiar with the matter.

[grupo] 23/5/2022 09:18

Siemens Energy Launches Bid for Gamesa


Siemens Energy has made an offer to buy all the outstanding shares in its Gamesa wind turbine unit for EUR4 billion.

[the grumpy old men] 18/5/2022 10:33

Siemens Energy Mulls Buyout of Gamesa


Siemens Energy said it was considering a cash tender offer for all outstanding shares of Gamesa with the aim of delisting the wind-turbine maker.

[waldron] 12/5/2022 06:53

Siemens AG said Thursday it would exit its Russia business, taking a hit to its second-quarter earnings.

The German industrial company said second-quarter profit was affected by around 600 million euros ($630.9 million) due to impairments and other charges related to Russia, mainly at its mobility segment.

Siemens' net profit declined on year in the January-March period as a result, falling to EUR1.21 billion from EUR2.39 billion a year earlier. The year-ago figure also included a EUR900 million gain from the sale of Flender to The Carlyle Group.

The net-profit figure was below expectations of EUR1.73 billion, according to analysts' estimates provided by the company.

However, revenue rose 16% to EUR17.04 billion, while orders jumped 32% to EUR20.98 billion, both coming in above consensus views.

The company said it avoided major disruptions from increased supply-chain risks associated with electronics components, raw materials and logistics.

Siemens confirmed its outlook for 2022.



Write to Ed Frankl at [e-mail]



(END) Dow Jones Newswires

May 12, 2022 01:25 ET (05:25 GMT)

[waldron] 27/4/2022 20:04

Orange Business links Siemens in 94 countries with SD-WAN

Wednesday, April 27, 2022 Orange Business, SD-WAN

Orange Business Services has successfully migrated 1,168 of Siemen's locations in 94 countries to a secure SD-WAN infrastructure.

Overcoming potential implementation challenges during the pandemic, Orange Business Services, with its technology partner Cisco, has been able to now fully deliver one of the biggest SD-WAN deployments in the world across 94 countries.

“Siemens is a global company with offices and production sites all over the world, and we need a reliable and future-proof communications network. It’s a critical business enabler that has to be agile enough to evolve with our business,” emphasized Hanna Hennig, CIO, Siemens AG. “As a pioneer in innovation and technology, we set the highest standards for our transformation project. With the global capabilities, expertise and orchestration of Orange Business Services, we were able to successfully complete the massive deployment of Flexible SD-WAN, which delivers decisive advantages for our business and users alike, including a streamlined user experience with dynamic traffic routing for applications as well as dynamic bandwidth allocation.”

The seamless and secure SD-WAN coverage provides the foundation for a flexible Siemens security framework. This approach further increased Siemens’ abilities to effectively mitigate, detect and respond to risks.

"We are so pleased that Siemens chose Orange Business Services to be its trusted partner. Deploying, migrating and implementing this huge digital transformation project for Siemens and managing their critical global communications infrastructure underlines our end-to-end integrator expertise in delivering large-scale global projects. We have delivered on Siemens' objectives by combining SD-WAN technology with cloud-based services and solutions,” commented Aliette Mousnier-Lompre, Interim CEO at Orange Business Services.

[maywillow] 20/4/2022 10:51

Siemens Energy Warns on Outlook Over Gamesa, Ukraine


Siemens Energy posted an unexpected adjusted loss in the second quarter and said it was reassessing its full-year guidance following a Gamesa profit warning and the impact of the Ukraine war.

[adrian j boris] 09/3/2022 13:22

Bernstein said Siemens shares have potential upside in view of the market sell-off, upgrading the stock to market perform from underperform.

"Valuation has dropped materially over 2022 to date, now 5% undervalued versus 7% overvalued a quarter ago," meaning valuation is no longer a reason to shun Siemens, said Bernstein. Despite the upgrade, Bernstein noted concerns about earnings estimates potentially being too high due to insufficient change at the industrial conglomerate.

"It remains unclear to us whether the root cause of their historical under-performance--inefficient conglomeration, engineering at the expense of commerciality, insufficiently decentralized accountability--is fundamentally changing," Bernstein said.

[maywillow] 26/1/2022 20:28

Financial Calendar of Siemens AG
Upcoming Capital Market Events

Feb 10, 2022 | Munich 1st quarter results fiscal year 2022 results and Annual General Meeting for fiscal year 2021



May 12, 2022 | Munich 2nd quarter results fiscal year 2022



Aug 11, 2022 | Munich 3rd quarter results fiscal year 2022



Nov 17, 2022 | Munich 4th quarter results fiscal year 2022