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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 CEST

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 2017 84 829 M
EBIT 2017 9 277 M
Net income 2017 6 167 M
Debt 2017 17 954 M
Yield 2017 3,27%
P/E ratio 2017 15,34
P/E ratio 2018 14,78
EV / Sales 2017 1,39x
EV / Sales 2018 1,28x
Capitalization 99 705 M
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Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 134 €
Spread / Average Target 14%
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Managers
NameTitle
Josef Kaeser President & Chief Executive Officer
Gerhard Cromme Chairman-Supervisory Board
Ralf Peter Thomas Chief Financial Officer
Helmuth Ludwig Chief Information Officer
Michael Diekmann Member-Supervisory Board
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