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4-Traders Homepage  >  Equities  >  Xetra  >  Siemens    SIE   DE0007236101

SIEMENS (SIE)
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Siemens : Russia detains CEO of turbine maker Power Machines - report

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07/14/2017 | 01:44am CET

MOSCOW (Reuters) - Russian authorities have detained the chief executive of Russian electricity turbine maker Power Machines on suspicion of attempted divulgence of state secrets, TASS news agency reported on Thursday citing a law enforcement source.

Power Machines is controlled by Russian steel tycoon Alexei Mordashov and has a joint venture with Germany's Siemens which has come under scrutiny because of a disputed turbine delivery to Crimea.

No charges have been brought against Roman Filippov, the CEO of Power Machines, yet, TASS reported. It was not immediately clear if his detention was linked to the Crimea turbine affair.

Interfax news agency cited an unidentified source as saying Filippov was questioned as part of a criminal case into the dissemination of a state secret and released.

Power Machines and a spokeswoman for Mordashov declined to comment. Filippov's mobile phones were switched off when Reuters tried to reach him on Thursday night.

(Reporting by Polina Devitt and Anastasia Lyrchikova; Writing by Maria Kiselyova; Editing by Chris Reese)

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Financials (€)
Sales 2018 84 320 M
EBIT 2018 8 238 M
Net income 2018 5 856 M
Debt 2018 19 226 M
Yield 2018 3,45%
P/E ratio 2018 15,65
P/E ratio 2019 14,29
EV / Sales 2018 1,35x
EV / Sales 2019 1,27x
Capitalization 94 503 M
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Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 132 €
Spread / Average Target 18%
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Managers
NameTitle
Josef Kaeser President & Chief Executive Officer
Jim Hagemann Snabe Chairman-Supervisory Board
Ralf Peter Thomas Chief Financial Officer
Roland Emil Busch Chief Technology Officer
Helmuth Ludwig Chief Information Officer
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