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

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Siemens AG : German Court Gives Siemens Go-ahead With Osram Spinoff

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04/10/2013 | 04:07pm CET

By Ursula Quass

FRANKFURT--Industrial conglomerate Siemens AG (SI) was given the go ahead Wednesday by a German court to spin off its lighting unit Osram.

Siemens had aimed for an initial public offering of the unit in the third quarter of last year, but financial market volatility made the management cancel the IPO and opt for a spinoff via distribution of free shares to shareholders.

And then, in mid-March the German company hit a hurdle with the timetable for the listing, after a group of shareholders challenged its spinoff plan. The plaintiffs cited in their complaint predominantly formal flaws at Siemens' annual general meeting at which the Osram stock exchange listing was approved.

(Nicky Redl and Friedrich Geiger contributed to the story)

Write to Ursula Quass at ursula.quass@dowjones.com

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Financials (€)
Sales 2017 83 870 M
EBIT 2017 8 698 M
Net income 2017 5 827 M
Debt 2017 16 266 M
Yield 2017 3,20%
P/E ratio 2017 16,08
P/E ratio 2018 14,69
EV / Sales 2017 1,38x
EV / Sales 2018 1,31x
Capitalization 99 450 M
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Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 118 €
Spread / Average Target 1,1%
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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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