Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

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

SIEMENS (SIE)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

Siemens AG : Siemens and the Hellenic Republic reach a settlement agreement and mark a new beginning

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/05/2012 | 04:40pm CEST

Munich, Germany, 2012-Apr-05

Today, the Hellenic Parliament ratified the settlement agreement between Siemens and the Greek State. This marks the beginning of a new chapter in Siemens' long history in Greece. The Greek Government's commitment to foster growth was one of the pillars on which this agreement was based. This agreement will allow Siemens to continue to be a real supporter. To this end, Siemens will explore actual and substantial areas of investment in Greece, with special emphasis to sectors which increase employment and support the economy.

In total, this settlement will reach approximately 270 million Euro. In this context, Siemens waives claims of €80 million that concern implemented projects and the delivery of equipment to the Greek State. Siemens will dispense up to the amount of 90 million Euro for transparency initiatives and anti-corruption programs, as well as for academic and research programs that aim at enhancing Greece's competitiveness. Finally, Siemens will spend over €100 million, in order to enhance its activities in Greece and preserve a significant number of jobs in the local market.

The company is committed to ensure going forward, full and overall compliance to sound corporate principles.

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on SIEMENS
11:45aSIEMENS : More Companies Are Selling Assets to Raise Cash for Growth
DJ
08:52aPHOTO NEWS RELEASE : Aliko Dangote visited Siemens Africa Booth at the ongoing H..
AQ
04/23PHOTO NEWS RELEASE : Aliko Dangote visited Siemens Africa Booth at the ongoing H..
AQ
04/23SIEMENS : turns the Industrie 4.0 vision into reality with its Digital Enterpris..
PU
04/23SIEMENS AKTIENGESELLSCHAFT : Release of a capital market information
EQ
04/23Siemens CEO says rail business performed well in Q2
RE
04/23Germany's VDMA raises 2018 output growth forecast to 5 percent
RE
04/23SIEMENS : launches Additive Manufacturing Network to transform global manufactur..
AQ
04/23German engineering trade body calls for new EU trade deal with U.S.
RE
04/21NEW INNOVATIVE REPORT ON MEDICAL AUT : Medical Automation Technologies Market Gr..
AQ
More news
News from SeekingAlpha
04/20A Good Start To The Year For ABB, But Management Has To Build From Here 
04/17One Critical Issue Makes GE A Strong Buy 
04/11ROAD TO FINANCIAL INDEPENDENCE : My March 89-Stock Portfolio Review 
03/26Siemens Aktiengesellschaft (SIEGY) Presents At Bank Of America Merrill Lynch .. 
03/16What GE And Tesla Now Have In Common, And A Better Investment In The Field 
Financials (€)
Sales 2018 83 997 M
EBIT 2018 7 969 M
Net income 2018 5 738 M
Debt 2018 17 637 M
Yield 2018 3,50%
P/E ratio 2018 15,57
P/E ratio 2019 14,18
EV / Sales 2018 1,31x
EV / Sales 2019 1,24x
Capitalization 92 055 M
Chart SIEMENS
Duration : Period :
Siemens Technical Analysis Chart | SIE | DE0007236101 | 4-Traders
Technical analysis trends SIEMENS
Short TermMid-TermLong Term
TrendsBullishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 131 €
Spread / Average Target 21%
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
Sector and Competitors
1st jan.Capitalization (M$)
SIEMENS-6.60%112 472
3M COMPANY-8.28%129 498
GENERAL ELECTRIC COMPANY-16.68%126 258
HONEYWELL INTERNATIONAL-3.09%112 465
ILLINOIS TOOL WORKS-5.13%54 058
JARDINE MATHESON HOLDINGS LIMITED0.74%44 999