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Siemens AG (SIEGn.DE)

SIEGn.DE on Xetra

125.95EUR
11:35am EDT
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Latest Key Developments (Source: Significant Developments)

Siemens and ÖBB sign contract for 64 new Cityjets
Friday, 23 Dec 2016 05:15am EST 

Siemens AG : ÖBB and Siemens sign contract for 64 new Cityjets .Order volume around 400 million euros ($418.16 million).  Full Article

Siemens AG & U.S. startup LO3 Energy collaborate on blockchain microgrids
Monday, 21 Nov 2016 10:00am EST 

Siemens AG :Siemens & U.S. startup LO3 Energy to jointly develop microgrids that enable local energy trading based on blockchain technology.  Full Article

Atos/Siemens to invest more in joint venture innovation business
Thursday, 17 Nov 2016 03:29am EST 

: The companies say they will further increase the funding of their joint innovation investment program by an additional 80 million euros ($85.79 million) to 230 million euros . Atos, Siemens say they aim to further accelerate their joint business until 2020 .The new funding will be focused to explore further opportunities for joint collaborations in the fields of Industrial Security, Industrial Data Analytics, Machine Intelligence, Service Enhancing Technologies and Web of Systems ($1 = 0.9325 euros).  Full Article

Siemens to pay for Mentor Graphics with existing cash - CFO
Monday, 14 Nov 2016 07:59am EST 

Siemens CFO on conference call : Says about half of synergies from Mentor Graphics acquisition will be on revenue side, other half on cost side . Says headwinds for Mentor Graphics from chip sector consolidation should be over . Says expects to pay for Mentor Graphics takeover out of existing cash . Says expects some longer-term redundancies from Mentor Graphics takeover, but that's not the main driver of synergies . Says expects 100 million eur/year impact from Mentor Graphics integration and revenue recognition adjustments in first two years after closing Further company coverage: [SIEGn.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).  Full Article

Siemens board member Siegfried Russwurm to leave board
Friday, 23 Sep 2016 06:52am EDT 

Siemens AG : Says board member Siegfried Russwurm's contract will not be extended beyond end of March 2017 Further company coverage: [SIEGn.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).  Full Article

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

More From Around the Web

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Siemens' Mexican unit to swap U.S. steel, plastic with locally made products

MEXICO CITY Siemens said on Monday it plans to replace some U.S. plastic and steel used at its nine Mexican factories with locally sourced products over the next decade, in a bid to help strengthen businesses in Latin America's No. 2 economy.