Siemens N Ord Share Discussion Threads

[grupo guitarlumber] 11/11/2010 10:57

Siemens Lifts Dividend as Demand Buoys Sales, Orders
By 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 [e-mail].

To contact the editors responsible for this story: Benedikt Kammel at [e-mail].
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[grupo guitarlumber] 11/11/2010 10:09

The German industrial group Siemens reported on Thursday a 63-percent surge in net profit in its 2010 fiscal year and forecast a sharp rise in operating earnings in 2011.
Siemens attributed the profit gain to its renewable energy unit and to its operations
The company, which builds trains and power plants, said in a statement it would pay a dividend of 2.70 euros, easily beating analyst projections of 1.85 euros, and forecast a 25 to 35-percent rise in operating profit in its core businesses for 2011.

Siemens attributed the profit gain in the year to September 30 to its renewable energy unit and to its operations in emerging market countries, which now account for a third of its sales.

Between now and 2014, it added, its renewable energy business is expected to be worth 40 billion euros in annual sales against 28 billion at present.

Net earnings in fiscal 2010 came to 4.068 billion euros (5.612 billion dollars) despite a 1.0 percent dip in sales to 75.788 billion euros.

The company on Wednesday said it would share the fruits of its 2010 performance with its 400,000 employees worldwide, who will receive bonuses totalling 310 million euros.

[grupo guitarlumber] 11/11/2010 10:07

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







Apparently the next divi forecasted for January 2024

[waldron] 28/5/2010 10:11

Broker200

intend opening a new thread

i hope you don't mind.

[ariane] 27/5/2010 21:18

27/05/2010Siemens, Alstom sign major Russian rail contracts: report
Russia's state rail company RZD is to buy 421 locomotives worth 2.1 billion euros from companies including France's Alstom and Germany's Siemens, RIA Novosti news agency reported on Thursday.

RZD signed a contract with Transmashholding (TMH), which is partnered with Alstom, to buy 200 passenger train locomotives for one billion euros (1.2 billion dollars) during a trade fair in southern Russia, the report said.

At the same fair in the resort town of Sochi, RZD signed a separate agreement worth 1.1 billion euros with Uralskie Lokomotivy, a joint venture between Siemens and Russian company Sinara, for 221 freight train locomotives.

Russia's rail network carried 1.3 billion passengers and 1.3 billion tons of freight in 2008 over 85,500 kilometres (53,100 miles) of railway.

Siemens has been providing RZD with high-speed trains for the Moscow to Saint Petersburg route since December.

Alstom announced earlier this year that it would buy a 25-percent stake in TMH, Russia's main train manufacturer.

[waldron] 29/4/2010 10:16

2nd UPDATE: Siemens Profit Up, Raises Full-Year Guidance
(Adds analyst's comment.)


By Archibald Preuschat
Of DOW JONES NEWSWIRES

MUNICH (Dow Jones)

Siemens AG (SI) Thursday posted a 54% rise in second-quarter net profit as restructuring measured boosted margins, and it raised its profit guidance for the current fiscal year.

Closely-watched operating profit at its core businesses of energy, industry and healthcare in the quarter ended March 31 was up 16% to EUR2.14 billion as cost cutting measures took effect and the figure was buoyed by a EUR180 million gain on the curtailment of pension plans in the U.S.

As expected, Siemens also raised its full-year guidance for operating profit in its core sectors, saying it now expects to exceed last year's figure of EUR7.5 billion, from previous guidance of a range between EUR6 billion and EUR6.5 billion.

Net profit for the period rose to EUR1.48 billion from EUR962 million a year earlier.

"Siemens has again demonstrated its profitability impressively. In this regard we are profiting in particular from measures we initiated early on to strengthen our competitiveness," Chief Executive Officer Peter Loescher said in a statement.

Still, the higher operating profit came even as sales fell 4% to EUR18.23 billion, while order intake declined 14% to EUR17.84 billion. Siemens kept its guidance for full-year revenue to fall by a mid-single-digit percentage.

Siemens said it booked two major contracts totaling EUR1 billion in the same period a year ago and some major projects in the energy sector have been postponed. Its book-to-bill ratio was 0.98, it said.

Siemens is a barometer for the world's manufacturing industry, with 402,000 employees in 190 countries and products that span hospital equipment, transportation, factory automation gear and power turbines. In common with rivals General Electric Co. (GE) and Netherlands-based Philips Electronics NV (PHIA.AE), it has suffered from the demand slump brought about by the downturn.

In 2008, Siemens began a process to strip EUR2 billion from its selling, general and administrative expenses and axed 12,600 jobs.

Siemens said that its businesses most affected by economic swings, such as lighting unit Osram, had started to improve earlier than planned and it expects healthcare reform in the U.S. to have a positive impact, but late-cycle business such as major energy plants are expected to remain challenging into the second half of the year.

The second-quarter results beat market expectations but did the same by a similar margin in previous quarters, said JPMorgan analyst Andreas Willi, adding he doesn't see any big driver for the share price Thursday and underlying trends support his view on the stock. Willi rates the share at overweight with a price target of EUR89.

By 0841 GMT, Siemens shares were up 0.9% at EUR72.60, against a 0.3% rise in the DAX.

Company Web site: www.siemens.com

-By Archibald Preuschat, Dow Jones Newswires, [phone], [e-mail]

[ariane] 28/3/2010 13:59

Siemens To Cut 6,300 Jobs At Industry Solutions Division By 2011
FRANKFURT (Dow Jones)

German industrial conglomerate Siemens AG (SI) intends to cut up to 6,300 jobs at its division Industry Solutions globally by 2011, the company said late Friday, detailing its workforce reduction plans for the first time.

Around 4,500 jobs have already been cut. The remainder will be reduced in the next 12 months, the company said.

The affected sites are primarily located in Europe, the company said. At the same time, Siemens plans to create some 1,400 new jobs at the Industry Solutions division for projects in Brazil, Chile, India and China, the company said.

Siemens expects the restructuring costs related to the job cuts will be booked in the third or fourth quarter of its fiscal year 2010, it added.


Company Web site: www.siemens.com

-By Matthias Karpstein, Dow Jones Newswires; [phone]; [e-mail]

[waldron] 26/3/2010 09:07

Siemens Gets Wind Turbine Order From Canada
FRANKFURT (Dow Jones)

Siemens AG (SI) said Friday that its Siemens Energy unit has received an order for the supply of 60 wind turbines with an installed capacity of 138 megawatts, for the St. Joseph wind farm in the province of Manitoba, Canada from utility Pattern Energy.

MAIN FACTS:

-The wind farm will provide clean power for more than 40,000 Canadian households by the end of 2010.

-For this project Siemens will be responsible for supply, technical field assistance for erection, and commissioning of the 60 wind turbines each rated at 2.3 MW.

-Siemens also signed a two-year service and maintenance agreement.

-Siemens didn't comment on the value of the order.

-Wind turbines are part of Siemens' Environmental Portfolio and in 2009, sales from the portfolio totaled approximately EUR23 billion.


-Frankfurt Bureau, Dow Jones Newswires; 49-69-29725-500

[waldron] 16/3/2010 08:42

courtesy of

bamboo2 - 16 Mar'10 - 08:16 - 30 of 31


Marine tidal power generating clean electricity



...In the past two months the firm has attracted more than £8m in funding from Siemens and the Carbon Trust and aims to deploy the UK's first tiday array by 2012...

[waldron] 10/11/2009 09:19

Siemens Gets Wind Turbine Order In Mexico





FRANKFURT -(Dow Jones)- Siemens AG (SI) Tuesday said Siemens Energy was awarded an order for 70 wind turbines for the Los Vergeles wind farm in Tamaulipas, Mexico, worth over $270 million.

MAIN FACTS:

-Purchaser is Grupo Soluciones en Energias Renovables (GSEER), a Mexican wind energy developer.

-With a total installed rated capacity of more than 160 megawatts (MW), the Los Vergeles wind farm is expected to provide clean power to 200,000 households, making it Mexico's largest wind farm.

-The order value exceeds $270 million.

-This is the first order received by Siemens for wind turbines in the Latin America region.

-Frankfurt Bureau, Dow Jones Newswires; 49-69-29725-500

[waldron] 27/9/2009 08:17

Siemens Taps $150 Billion Market Driven by Budget-Minded Buyers

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By Richard Weiss

Sept. 25 (Bloomberg) -- Siemens AG aims to boost sales of lower-cost, technology-based products made in China and India, taking on General Electric Co. for a bigger share of a potential $150 billion in emerging market sales.

Sales and profit from low-end CT heart scanners and other products with fewer features -- making them more affordable and easier to maintain -- will post above-average growth relative to other parts of Siemens's business, said Roland Busch, the company's head of strategy.

Mature markets also hold potential as nations grapple with budget deficits and cut spending, the executive said. Siemens's focus on equipment in lower-price brackets mirrors the strategies of U.S. engineering rivals. GE will see its growth depend on "reverse innovation," or developing products in emerging countries, Chief Executive Officer Jeffrey Immelt wrote in an article this week.

"Even in times of crisis, these markets are growing above average," Siemens's Busch said in an interview yesterday. "The crisis could also push demand for low-end products in the developed world."

In China and India as much as half of equipment purchases are in the low-end price segment. For Siemens, those markets accounted for 6.76 billion euros ($9.9 billion) in sales last year. Emerging markets now account for more than 30 percent of revenue, and the company is targeting a percentage of 36 percent by 2020.

The German maker of turbines, trains and factory automation gear, which has operated in China for more than 130 years, said it's selling its entry-level Somatom computed tomography scanner at "a fraction" of the price charged for the full-featured model. The equipment detects heart problems and cancer and can be used for other health-related exams.

Designed and built in China, 50 percent of production has been shipped to markets in Europe, the Americas, Africa and Japan.

"The point is to be well positioned in low-cost countries and therefore localize the whole value chain, especially with early phases," Busch said.

To contact the reporter on this story: Richard Weiss in Frankfurt at [e-mail].

Last Updated: September 25, 2009 06:18 EDT

[waldron] 22/6/2009 08:51

Siemens CEO: Realistic That Global Econ Approaching Low





MUNICH -(Dow Jones)- Siemens AG's (SI) Chief Executive Officer Peter Loescher Monday said the decline of the global economy appears to be slowing down and it is realistic to assume that the global economy is approaching a low point.

"However, it's still difficult to predict how long the economy will remain at this depressed level," Loescher said in a conference call.

He also said he expects Siemens business to weaken further in current third and fourth quarter of current fiscal year 09, ending Sep. 30.

Effects from global economic stimulus plans are expected in next fiscal 2010 at earliest, Loescher also said.

Company Web site:

-By Archibald Preuschat, Dow Jones Newswires, [phone], [e-mail]

[waldron] 22/6/2009 08:14

UPDATE:Siemens Sees Orders Worth EUR15 Billion From Stimulus Plans





(Adds detail, executive comment.)

By Archibald Preuschat
Of DOW JONES NEWSWIRES

MUNICH -(Dow Jones)- Industrial conglomerate Siemens AG (SI) Monday said it expects orders from economic stimulus plans in various countries worth EUR15 billion in its next three fiscal years.

Siemens said it expects the order intake in its fiscal years 2010 to 2012. Siemens' current fiscal year - 2009 - ends Sep. 30.

Green technologies should account for 40%, or around EUR6 billion, of the expected orders from economic stimulus plans, the Munich-based company also said.

However, Siemens still expects sales of environmental friendly products of EUR25 billion in fiscal year 2011, up from EUR19 billion in fiscal 2008.

"Against the backdrop of the worst global economic crisis in decades, these government measures are at least partially cushioning in some cases sharp decline in private-sector demand and should have a stabilizing effect on our business," Siemens' chief executive officer Peter Loescher said in a statement.

In fiscal 2008 Siemens booked new orders of EUR93.5 billion and posted sales of EUR77.3 billion.

Company Web site: www.siemens.com

-By Archibald Preuschat, Dow Jones Newswires, [phone], [e-mail]

[waldron] 22/6/2009 08:06

Siemens Expects Orders Worth EUR15 Billion From Econ Stimulus Plans





FRANKFURT -(Dow Jones)- German electronics and electrical engineering company Siemens AG (SI) said Monday it expects to win new orders worth around EUR15 billion over the next three fiscal years, generated by economic stimulus packages adopted by governments to support the economy.

-By Frankfurt Bureau, Dow Jones Newswires; [phone]; [e-mail]

[waldron] 22/6/2009 08:04

Siemens Predicts 15 Billion Euros in Stimulus Orders (Update1)
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By Richard Weiss

June 22 (Bloomberg) -- Siemens AG, Europe's largest engineering company, said it will benefit from economic stimulus programs by providing environmentally friendly technology and infrastructure.

Siemens expects orders of about 15 billion euros ($21 billion) from those programs in the next three fiscal years, the company said in an e-mailed statement today. About 40 percent, or 6 billion euros, will be for environmentally friendly technology and infrastructure, Siemens said.

Worldwide economic stimulus programs topped $2 trillion at the beginning of April, according to data compiled by Bloomberg.

Siemens expects the total volume of planned infrastructure spending relevant to the company to be approximately 150 billion euros. At 85 billion euros, the U.S. offers the largest market potential, followed by China with 25 billion euros and Germany with 5 billion, Siemens said today.

To contact the reporters on this story: Richard Weiss in Frankfurt at [e-mail].

Last Updated: June 22, 2009 02:25 EDT

[waldron] 03/2/2009 17:32

Russia Ready To Expand Nuclear Cooperation With Siemens -Putin





MOSCOW (AFP)--Prime Minister Vladimir Putin on Tuesday said Russia was ready to expand cooperation in the nuclear-energy sector with the German engineering giant Siemens AG (SI), underlining the strength of economic ties between the two countries.

"We are ready to move from realizing piecemeal projects to the creation of a full-scale partnership between Siemens and (Russia's state nuclear firm) Rosatom," Putin told Siemens chief executive Peter Loescher in Moscow.

"We can work actively together in Russia, Germany, as well as in the markets of third countries," he added, the Interfax news agency reported.

Siemens has been collaborating on joint projects with Rosatom in limited project work on nuclear power stations since the 1990s, including projects in Slovakia and Bulgaria.

But the comments from Putin - still seen as Russia's most powerful man after ceding the presidency last year - indicate the sides are ready to drastically step up this work.

Germany is Russia's main economic partner, accounting for 10% of its trade, despite strains between the European Union and Moscow since Russia's war with Georgia in August and gas crisis with Ukraine over the New Year.

Trade is expected to have reached at least $63 billion in 2008 and Putin's meeting with the chief of one of Germany's most emblematic firms again underlined the importance of the relationship to Moscow.

Loescher said he was delighted to have the chance to discuss expanding Siemens' cooperation with Rosatom.

"We've been doing business in Russia for more than 150 years and have built up outstanding and successful partnerships here which we would like to further intensify," he said in a company statement.

[waldron] 22/11/2008 13:24

Siemens "hold," target price reduced
11/19/08 - Deutsche Bank
LONDON, November 19 (newratings.com) - Analysts at Deutsche Bank maintain their "hold" rating on Siemens (SIE-EUR). The target price has been reduced from €70 to €65.

In a research note published this morning, the analysts mention that the company has reported disappointing 4Q08 results. Siemens' free cash flow levels are expected to decline to zero in FY09, the analysts say. The company's stock is expected to trade lower than its fundamental value going forward due to the deteriorating macro outlook, integration risk and ongoing investigations facing the company, Deutsche Bank adds.

[grupo guitarlumber] 02/10/2008 07:23

Siemens "buy," target price reduced
10/01/08 - Dexia Securities
LONDON, October 1 (newratings.com) - Analyst Dieter Furniere of Dexia Securities reiterates his "buy" rating on Siemens AG (SIE). The target price has been reduced from €100 to €90.

In a research note published this morning, the analyst mentions that the company has announced higher-than-expected restructuring charges of €3 billion. The economy is slowing down and the credit markets are tight, the analyst says.


Get the full coverage! What do all 3 analysts say? overview...
SIE | avg. rating: 83.33% | avg. target price: € 89.67