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Siemens AG (SIEGn.DE)

SIEGn.DE on Xetra

103.75EUR
7:51am EDT
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€-0.30 (-0.29%)
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€104.05
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€104.95
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€105.30
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€103.45
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528,614
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2,092,443
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€109.00
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€77.91

Latest Key Developments (Source: Significant Developments)

Marathon Patent Group buys patents from Siemens
Monday, 15 Aug 2016 08:00am EDT 

Marathon Patent Group Inc :Co's wholly owned subsidiaries have acquired 307 worldwide patents from Siemens AG and certain of its affiliates.  Full Article

Siemens CEO says too early to speculate about 2017
Thursday, 4 Aug 2016 03:50am EDT 

Siemens : CFO says has set aside 250 million eur for restructuring of process industries and drives so far . CCO says expects another 250-300 million eur in charges for PD division restructuring in q4 . CEO says it's too early to speculate what will happen in 2017 . CFO says sees no need for further contributions to pension fund at present Further company coverage: [SIEGn.DE] (Reporting By Georgina Prodhan) ((georgina.prodhan@thomsonreuters.com;)).  Full Article

Siemens CEO says competitors responding with aggressive pricing
Thursday, 4 Aug 2016 02:07am EDT 

Siemens : Ceo says in train business especially chinese state-owned companies putting pressure on prices . Ceo says competitors responding with aggressive pricing . Ceo says market for fossil energy tech remains difficult and fiercely competitive Further company coverage: [SIEGn.DE] (Frankfurt newsroom) ((+49 69 7565 1270; Reuters Messaging: frankfurt.newsroom@thomsonreuters.net)).  Full Article

Siemens pension plan underfunding jumps
Thursday, 4 Aug 2016 01:26am EDT 

Siemens Ag : Says pension plan underfunding rose to 12.7 billion eur in q3 from 10.9 billion eur in q2 Further company coverage: [SIEGn.DE] (Reporting By Georgina Prodhan) ((georgina.prodhan@thomsonreuters.com;)).  Full Article

Siemens net debt falls
Thursday, 4 Aug 2016 01:25am EDT 

Siemens Ag :Says q3 net debt 21.1 billion eur versus 21.8 billion in q2, cash and equivalents 7.6 billion eur versus 7.5 billion.  Full Article

Siemens raises cost-savings estimate
Thursday, 4 Aug 2016 01:00am EDT 

Siemens Ag : Says sees 2016 cost savings at 950 million-1 billion eur versus previous estimate 850-950 billion eur Further company coverage: [SIEGn.DE] (Reporting By Georgina Prodhan) ((georgina.prodhan@thomsonreuters.com;)).  Full Article

Siemens Ltd gets order worth about 2.17 bln rupees from Siemens AG
Wednesday, 3 Aug 2016 06:44am EDT 

Siemens Ltd : Receives order worth approximately Rs. 217 crore for Power Grid Company of Bangladesh Limited project . Project part of India Bangladesh deal for power exchange as per South Asia Sub Regional Economic Co-operation by Asian Development Bank . Receives order for Power Grid Company of Bangladesh Limited (PGCB) project from Siemens AG, Germany .  Full Article

Siemens buys stake in Materials Solutions Ltd.
Tuesday, 2 Aug 2016 06:15am EDT 

Siemens AG : Says buys 85 percent stake in Materials Solutions Ltd. Further company coverage: [SIEGn.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).  Full Article

Siemens energy management working to hit margin target
Wednesday, 29 Jun 2016 01:32pm EDT 

Siemens AG : Energy management chief says will reach margin target in 2017, working hard to do so already in 2016 Further company coverage: [SIEGn.DE] (Reporting By Georgina Prodhan) ((georgina.prodhan@thomsonreuters.com;)).  Full Article

Siemens says oil and gas service margins pretty resilient
Wednesday, 29 Jun 2016 11:13am EDT 

Siemens AG : Dresser Rand unit CEO says service margins pretty resilient in face of price pressure Further company coverage: [SIEGn.DE] (Reporting By Georgina Prodhan) ((georgina.prodhan@thomsonreuters.com;)).  Full Article

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Siemens trims job cut plans for unit in Germany

MUNICH, Germany Siemens has agreed with labor representatives to cut 1,700 jobs in Germany, fewer than originally planned, as part of a restructuring of its Process Industries and Drives unit, which has been hit by weak demand from the oil and gas sector.