Report
Delphine Brault

Siemens AG : A CMD on Siemens Energy which confirms recovery ambitions. Outlook for Siemens AG unchanged

>CMD focused on Siemens Energy (SE) prior to the spin-off - The group was keen to present its financial targets and the sub-activities of the SE ensemble prior to its listing, which is planned for 28 September. SE is made up of the Gas and Power (GP) and SGRE activities, now 67%-owned (as well as 24% of Siemens India and other minor stakes); this entity generated sales of € 28.8bn in 2018 and adjusted EBITA of € 1.5bn before special charges. It has around € 2bn in ca...
Underlying
Siemens AG

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Delphine Brault

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