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Siemens To Build One Of Europe's Largest Energy Storage Facilities
Siemens Mobility And State Of Bavaria Reach An Agreement On Deployment Of Hydrogen Train
Siemens Mobility Awarded $3.4 Billion In Contracts From Amtrak
Siemens AG is a Germany-based technology company. It operates through seven segments: Digital Industries, which offers products and system solutions for automation used in discrete and process industries; Smart Infrastructure, which supplies and intelligently connects energy systems and building technologies; Gas and Power, which offers products, solutions and services for generating electricity, for producing and transporting oil and gas, as well as for downstream and oil and gas-related operations; Mobility, which combines all Siemens businesses in the area of passenger and freight transportation; Siemens Healthineers, which supplies technology to the healthcare industry and engages in diagnostic imaging and laboratory diagnostics; Siemens Gamesa Renewable Energy, which designs,and produces wind turbines, and sales wind farms, and Financial Services (SFS), which offers leasing solutions and equipment, project and structured financing in the form of debt and equity investments.
Misc. Capital Goods
Jim Hagemann Snabe
Independent Chairman of the Supervisory Board - Shareholder Representative
Chairman of the Management Board, President, Chief Executive Officer
Independent First Deputy Chairwoman of the Supervisory Board, Employee Representative
Independent Second Deputy Chairman of the Supervisory Board - Shareholder Representative
Ralf P. Thomas
Chief Financial Officer, Member of the Management Board
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Total Debt To Equity (MRQ)
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Siemens Gamesa's profit warning last week served as a painful reminder for Christian Bruch, CEO of parent Siemens Energy, that there's a big difference between owning a majority stake in an asset and having full control.
Siemens Energy on Wednesday scrapped its margin target after wind power division Siemens Gamesa was hit by higher-than-expected raw material and product ramp-up costs.
Siemens unveiled targets on Thursday to outpace the market by combining its core engineering business with digital expertise in the first strategic blueprint under new Chief Executive Roland Busch.
(The author is a Reuters Breakingviews columnist. The opinions expressed are their own.)
Siemens has the financial muscle to make large deals to expand its software business but prefers smaller bolt-on acquisitions, CEO Roland Busch said on Thursday.
Siemens is sure it can secure sufficient components to make its products despite constrained supplies for commodities and semiconductor chips, CEO Roland Busch said on Thursday.
German engineering group Siemens will at least partly raise its growth and profitability targets as it seeks to mitigate pressure from investors, Handelsblatt newspaper reported on Thursday, citing industry sources.
Siemens Energy said on Tuesday it has no current plans to buy the one third of wind turbine maker Siemens Gamesa it does not already own, denying a Spanish newspaper report it had engaged banks to help it make such a move.
Germany's Siemens on Monday said it signed an agreement to buy U.S.-based Supplyframe for $700 million.
Siemens Chairman Jim Hagemann Snabe favours organic growth over big acquisitions, he tells Germany's Frankfurter Allgemeine newspaper in an interview to be published on Wednesday.
Siemens is continuing to see strong sales momentum in China and the rest of the world during April, the start of the engineering company's third quarter, Chief Financial Officer Ralf Thomas said on Friday.
Siemens expects the prices of the raw materials it uses to rise during the second half of its 2021 fiscal year without significantly affecting the company's profit, Chief Financial Officer Ralf Thomas said on Friday.
* Company seeing supply tensions for steel, plastics, freight
Siemens increased its full year profit and sales outlook for the second time this year on Friday as the Germany industrial group became the latest company to report a recovery from last year's pandemic-driven downturn.
Siemens Energy, which supplies turbines to the power sector, on Wednesday lowered the upper end of its target range for 2021 sales, hurt by weaker-than-expected demand, project delays and the ongoing coronavirus crisis.
Siemens Energy Chief Executive Christian Bruch on Wednesday said it was too early to talk about a potential purchase of the stake it does not yet own in Siemens Gamesa, but added this will be an issue at some point.
Holidays in UK, Japan and China will keep a lid on activity on Monday but optimism about the economic outlook is intact and a busy calendar of macro and corporate releases this week could keep markets confident that the world is recovering.
Siemens AG has promoted a longtime in-house lawyer at the company, Annette Kraus, to chief compliance officer and head of its global compliance organization, the industrial giant announced Friday.
Siemens Healthineers is on track to complete the Varian takeover in the first half of the year as there were only a few approvals outstanding after authorities in the United States and the European Union already gave the green light, its finance chief told Reuters on Thursday...
Siemens faces renewed pressure from protesters in Australia demanding the German engineering company quit a mega mining project that has breached environmental protection rules.
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