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Stock Market Debut for Siemens Energy

By September 29, 2020 3   min read  (479 words)

September 29, 2020 |

Siemens Hydrogen Australia

Siemens Energy AG started trading yesterday on the Frankfurt Stock Exchange.

Christian Bruch, CEO of Siemens Energy: “With the stock exchange listing, we are starting a new, important chapter in our company’s history. As an independent group, we now have the necessary entrepreneurial flexibility to help shape the global transformation of the energy markets sustainably and economically. But we are also aware of the responsibility associated with this, because with the listing on the stock exchange we are not only obliged to society, but also to our shareholders. Our 91,000 employees are now doing everything in their power to take advantage of the opportunities presented by the global energy transition and to support our customers in transforming the energy markets. ”

The listing was preceded by the successful spin-off of the Gas and Power business area from Siemens AG. With 91,000 employees in more than 90 countries, Siemens Energy is a leading global energy technology company that, with its 67 percent stake in the listed Siemens Gamesa Renewables Energy and including the service business, is active along almost the entire energy value chain. An estimated one-sixth of the world’s electricity generation is already based on technologies from Siemens Energy. The largest shareholder is Siemens AG with a stake of 35.1 percent.

Maria Ferraro, CFO of Siemens Energy: “Siemens Energy has all the ingredients it needs for a good IPO: We are excellently financed and have a convincing equity story. Our aim is to support our customers in the transformation of the global energy markets and, at the same time, to increase the value of our shareholders. This also includes a convincing dividend policy, we want to distribute between 40 and 60 percent of the group profit after tax to our shareholders annually. ”

Siemens Energy shares are traded on the regulated market (Prime Standard) of the Frankfurt Stock Exchange under the ticker ENR. The International Securities Identification Number (ISIN) is DE000ENER6Y0, the German securities identification number ENER6Y.

Siemens Energy is one of the world’s leading energy technology companies. The company is working with its customers and partners on the energy systems of the future, thereby supporting the transition to a more sustainable world. With its portfolio of products, solutions and services, Siemens Energy covers almost the entire energy value chain – from energy generation and energy transmission to storage. The portfolio includes conventional and renewable energy technology, for example gas and steam turbines, hydrogen-powered hybrid power plants, generators and transformers. More than 50 percent of the portfolio has already been decarbonised. With the majority stake in the listed Siemens Gamesa Renewable Energy (SGRE), Siemens Energy is one of the world market leaders in renewable energies. An estimated one sixth of the world’s electricity generation is based on technologies from Siemens Energy. Siemens Energy employs 91,000 people in more than 90 countries worldwide and achieved sales of around 29 billion euros in fiscal year 2019. www.siemens-energy.com

 

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