Siemens AG : Major announcement to refocus the group, but a more modest financial impact. Target price raised to € 105
>A major transformation announced - Management has announced to shareholders the spin-off of the new Gas and Power division (GP: sales of € 18.1bn in 2018, industrial profit of € 722m) which will include the 59% owned in SGRE (fully consolidated with minorities): this concerns 33% of 2018 consolidated sales and 14% of industrial profit. The listing is planned for September 2020 and Siemens AG will be a minority shareholder from the outset. As such, the primary focus ...Siemens is a technology company. Co.'s Energy sector provides a range of products, solutions and services for generating and transmitting power. The Healthcare sector provides customers a range of medical solutions across the treatment chain. The Industry sector supplies products and solutions for industrial companies, primarily in the process and manufacturing industries. The Infrastructure & Cities sector provides a range of technologies that accelerates the capabilities of metropolitan centers and urban infrastructures. The Investments segment is comprised of Co.'s equity stakes in other companies. The Financial Services segment provides business-to-business financial solutions.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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