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

SIEMENS (SIE)
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Siemens : swaps out Healthineers CFO in preparation for listing

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11/09/2017 | 07:20am CEST

MUNICH (Reuters) - German industrial group Siemens plans to replace the finance chief of healthcare unit Healthineers in preparation of a public listing that is expected to value the business at around 40 billion euros (35.34 billion pounds).

Jochen Schmitz, Siemens' head of accounting, reporting and controlling and a former manager at the healthcare unit, will replace Thomas Rathmann on Dec. 1, Siemens said on Thursday, adding that Rathmann was leaving by mutual agreement.

Siemens said it still planned to list Healthineers in the first half of calendar year 2018. "The roadmap is in place and we're making good progress," said Healthineers chief Michael Sen.

"The appointment of Jochen Schmitz is a further step toward the public listing," Siemens said.

(Reporting by Georgina Prodhan; Editing by Maria Sheahan)

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Financials (€)
Sales 2018 83 281 M
EBIT 2018 7 452 M
Net income 2018 5 997 M
Debt 2018 18 162 M
Yield 2018 3,27%
P/E ratio 2018 15,87
P/E ratio 2019 15,36
EV / Sales 2018 1,41x
EV / Sales 2019 1,33x
Capitalization 99 144 M
Chart SIEMENS
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Siemens Technical Analysis Chart | SIE | DE0007236101 | 4-Traders
Technical analysis trends SIEMENS
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 133 €
Spread / Average Target 14%
EPS Revisions
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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