Siemens N Ord Share Discussion Threads

[waldron] 07/12/2021 18:58

Strohm, Siemens team up for offshore green hydrogen
Dec. 7, 2021
Strohm has signed a memorandum of understanding with Siemens Gamesa Renewable Energy to develop hydrogen transfer solutions.



Offshore staff

IJMUIDEN, the Netherlands – Strohm has signed a memorandum of understanding with Siemens Gamesa Renewable Energy to develop hydrogen transfer solutions.

Their main goal will be to refine a ‘de-centralized’ green hydrogen concept, in which green hydrogen generated by offshore wind turbine generator is transported to shore via subsea pipes.

Power cables would be replaced by a pipe infrastructure to store and transfer the hydrogen.

Strohm designs and manufactures thermoplastic composite pipe (TCP), a corrosion-resistant technology which it claims is not prone to fatigue or other issues such as embrittlement, associated with using steel pipe for hydrogen.

TCP pipes are made in long spoolable lengths and can be pulled directly into the wind turbine generator, the company adds. In addition, the product is said not to require any maintenance and to be suitable for over 30 years in operation, lowering the levelized cost of electricity.

Siemens Gamesa has developed the basis for an offshore solution that integrates an electrolyzer into an offshore wind turbine. Benefits are said to include capex reductions, improved system efficiency, and increased wind farm uptime.

12/07/2021

[grupo guitarlumber] 03/12/2021 09:58

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%

[grupo guitarlumber] 03/12/2021 09:55

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

[gibbs1] 03/12/2021 09:53

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.

[gibbs1] 11/11/2021 09:16

Siemens AG said Thursday that fourth-quarter revenue and orders rose as it posted growth in its industrial businesses.

The German industrial company's net income was 1.17 billion euros ($1.34 billion), compared with EUR1.76 billion the previous year, although last year's figure included around EUR800 million from discontinued operations resulting mainly from the spinoff of Siemens Energy.

Net income in the 2021 fiscal year jumped to EUR6.16 billion from EUR4.03 billion, it said.

Revenue in the quarter rose 18% to EUR17.44 billion, rising 10% on a like-for-like basis, with a book-to-bill ratio of 1.09, the company said.

The Munich-based company said it had orders valued at EUR19.07 billion, up from EUR15.10 billion a year earlier, driven by double-digit growth in all industrial businesses.

Its closely watched adjusted earnings before interest, taxes, depreciation and amortization at its industrial businesses was EUR2.27 billion, it said.

The figure was below analysts' expectations of EUR2.45 billion, although revenue came in above views at EUR16.82 billion, according to estimates provided by the company. Analysts predicted fourth-quarter orders at EUR17.56 billion.

Siemens said it would propose to increase its dividend to EUR4.00 a year from EUR3.50 a year earlier, reflecting its strong performance in fiscal 2021.



Write to Ed Frankl at [e-mail]



(END) Dow Jones Newswires

November 11, 2021 01:54 ET (06:54 GMT)

[la forge] 05/8/2021 10:43

Siemens Profit Beats Expectations


Siemens reported a rise in third-quarter profit and revenue that beat expectations, and raised its full-year outlook on the back of the global economic recovery.


Siemens to Buy Software Company Sqills


Siemens AG said Thursday that its Siemens Mobility unit plans to acquire software company Sqills for 550 million euros, plus a performance-based factor.

[grupo guitarlumber] 15/7/2021 10:05

SIEMENS AG (SIE)

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

131.33 EUR -1.67%

[grupo] 10/5/2021 08:16

Analyst Shane McKenna from Barclays research gives the stock a Neutral rating. The target price is increased from EUR 139 to EUR 144.

[maywillow] 07/5/2021 10:01

May 07, 2021 | Munich 2nd quarter results fiscal year 2021



Jun 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

[grupo] 07/5/2021 08:56

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 [e-mail]; @MauroOrru94



(END) Dow Jones Newswires

May 07, 2021 03:17 ET (07:17 GMT)

[grupo] 07/5/2021 08:48

Siemens Raises Guidance as Second-Quarter Tops Forecasts


Siemens posted better-than-expected second quarter results, thanks to the improved performance of its industrial business and upgraded its profit outlook for the year.

[waldron] 05/4/2021 17:14

Engie to begin work on US$300mn Peru wind farm in H2
Bnamericas Published: Monday, April 05, 2021
Power purchase agreement (PPA) Onshore Wind
Engie to begin work on US$300mn Peru wind farm in H2

Engie Energía Perú has signed a contract to advance the US$300mn, 260MW Punta Lomitas wind project in the center-south region of Ica.

The deal was inked with Siemens GESA Renewable Energy and Siemens Gamesa Renewable Energy for the supply of the turbines, said Engie, which expects construction to begin in the second half of this year.

Engie provided the update after signing an eight-year (2029-37) PPA for 150MW with miner Anglo American Quellaveco (AAQSA) for the Quellaveco project which is under development in the southern region of Moquegua.

Recently, mining vice minister José Luis Montero highlighted that nearly half of planned mining sector investment targets the south of the country.

“AAQSA is the first large mining company to promote the construction of a non-conventional renewable energy plant, to use 100% non-conventional renewable energy in its operations,” according to Engie, highlighting that electricity will come from Punta Lomitas and other renewable energy sources.

In March, the energy and mines ministry granted Engie the definitive concession for Punta Lomitas and the 220kV, 60km line which will connect the plant with the national grid.

Engie Energía Perú’s project pipeline includes the 200MW Lomitas Plus wind farm, the 300MW Hanaqpampa and 165.6MW San José solar parks, and the 314MW Yaku hydro.

The company’s installed capacity is 2,496MW – around 20% of Peru’s total – from eight plants, with 44% from dual fuel plants, 39% natural gas, 10% hydro, 5% coal and 2% solar.

[waldron] 22/2/2021 09:27

Siemens Gamesa Renewable Energy SA said late Friday that it has received an order for 64 wind turbines from the EDF Renewables, Enbridge Inc. and wpd AG consortium for an offshore wind plant in France.

The Spanish turbine maker said the SWT 7.0-154 turbines will be installed on the Courseulles-sur-Mer offshore wind power plant off the northwestern coast of France. The order also includes a 15-year service and maintenance agreement.

Installation and commissioning are expected for 2024, according to Siemens Gamesa.

The total project cost is estimated at around 2 billion euros ($2.42 billion), Enbridge said.



Write to Joshua Stein at [e-mail]



(END) Dow Jones Newswires

February 22, 2021 03:11 ET (08:11 GMT)

[la forge] 16/2/2021 09:48

Atos SE said Tuesday that it has been awarded a contract for the multi-service network and video-surveillance system for the three upcoming lines of the Paris metro, alongside Germany's Siemens AG and French telecommunication-infrastructure company Axione.

The French IT company said the companies were awarded the contract for the lines 15, 16 and 17 of the city's metro, three of four future lines that make up part of urban-transportation project Grand Paris Express.

The contract is worth 153 million euros ($185.6 million) for the three companies, and will last until the completion of Grand Paris Express, Atos said. The companies will implement and maintain the multi-network and video-surveillance system, as well as secure all systems' digital security, the company added.



Write to Joshua Kirby at [e-mail]; @joshualeokirby



(END) Dow Jones Newswires

February 16, 2021 04:29 ET (09:29 GMT)

[gibbs1] 03/2/2021 15:14

FEB/03/2021 Annual General Meeting

FEB/03/2021 Q1 2021 Earnings Release

FEB/04/2021 Ex-dividend day for final dividend

[gibbs1] 03/2/2021 15:13

Siemens Energy unit picked to install ‘next generation turbines’ at $9 billion offshore wind hub

Published Wed, Feb 3 20219:26 AM EST

Anmar Frangoul


Key Points

The East Anglia Hub will be able to power millions of homes once fully up and running.

Several large-scale offshore wind projects are being planned for the U.K., where authorities want offshore wind capacity to hit 40 gigawatts by the year 2030.

[maywillow] 03/2/2021 06:44

Siemens hikes full-year guidance on swift recoveries in China and Germany
Published Wed, Feb 3 20211:32 AM EST
Elliot Smith
@ElliotSmithCNBC
Share
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.

[maywillow] 19/1/2021 12:36

Siemens Mobility awarded largest ever service order from Deutsche Bahn

As per the contract, Siemens Mobility will be responsible for the revision of 40 Deutsche Bahn trains of the 412 ICE 4 series from mid-2021.



Deutsche Bahn (DB) has awarded Siemens Mobility with a contract for the revision of 40 trains of the 412 ICE 4 series. This is the largest service order ever awarded to Siemens Mobility by Deutsche Bahn. The contract also includes an option for the revision of 50 additional series 412 trains.

IS 600 revisions are required for new high-speed trains operated by Deutsche Bahn when they have reached a mileage of 1.65 million kilometers. The work will begin in mid-2021 in the ‘Expert House’ service area of the Siemens Mobility Test and Validation Center in Wegberg-Wildenrath, in the state of North Rhine-Westphalia, Germany.

“The ICE 4 is the backbone of DB’s mainline rail operations. As DB’s service partner, we will make a decisive contribution towards guaranteeing the availability and operation of the ICE 4 fleet and ensuring its sustainable performance over the entire lifecycle,” said Johannes Emmelheinz, CEO of Customer Service at Siemens Mobility.


As part of the IS 600 revision, Siemens Mobility will inspect the central systems and components of the ICE 4 trains and carry out maintenance activities as planned. The maintenance work will cover, among other things, the doors, windscreen washer systems, couplings, running and traction bogies, as well as pantographs, train control systems and brakes.

Maintenance work in the train interior will include fire alarm systems, passenger information systems (PIS), bistro equipment and the sanitary facilities. In addition, the wheelsets will be exchanged on all trains.

Deutsche Bahn has ordered a total of 137 ICE 4 trains from Siemens Mobility since May 2011. A new ICE 4 train is currently joining DB’s mainline fleet every three weeks. By December 2020, Siemens Mobility had delivered 65 of the ordered ICE 4 trains to Deutsche Bahn. The first trains in this series have been in passenger service since 2016.


GLOBAL RAILWAY REVIEW

[grupo guitarlumber] 17/12/2020 07:42

Financial Calendar

Upcoming Events

JAN/12/2021 Commerzbank Conference

FEB/03/2021 Annual General Meeting

FEB/03/2021 Q1 2021 Earnings Release

FEB/04/2021 Ex-dividend day for final dividend

[adrian j boris] 17/12/2020 07:35

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.

[waldron] 12/11/2020 12:50

Among European equities, Siemens dropped 2.7% after the German industrial giant cut its dividend and said its quarterly revenue declined.