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

SIEMENS (SIE)
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Siemens AG : Siemens and the Hellenic Republic reach a settlement agreement and mark a new beginning

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04/05/2012 | 04:40pm CET

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.

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Financials (€)
Sales 2018 84 790 M
EBIT 2018 8 450 M
Net income 2018 5 798 M
Debt 2018 18 048 M
Yield 2018 3,08%
P/E ratio 2018 17,63
P/E ratio 2019 15,93
EV / Sales 2018 1,45x
EV / Sales 2019 1,35x
Capitalization 105 B
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Siemens Technical Analysis Chart | SIE | DE0007236101 | 4-Traders
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Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 130 €
Spread / Average Target 5,4%
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Managers
NameTitle
Josef Kaeser President & Chief Executive Officer
Gerhard Cromme Chairman-Supervisory Board
Ralf Peter Thomas Chief Financial Officer
Roland Emil Busch Chief Technology Officer
Helmuth Ludwig Chief Information Officer
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