SMAWF News and Press, Siemens AG From 08/10/23

2023-08-10 17:36:48 ET Summary Siemens Energy announced a loss of almost 3bn euros in the recent quarter due to a provision for ongoing troubles at its wind turbine subsidiary Siemens Gamesa. All other business lines of Siemens Energy are performing exceptionally well and will con...

2023-08-10 08:00:06 ET Siemens Aktiengesellschaft (SIEGY) Q3 2023 Earnings Conference Call August 10, 2023 03:30 AM ET Company Participants Eva Scherer - Head, IR Roland Busch - President & CEO Ralf Thomas - CFO Conference Call Participants Alexan...

2023-08-10 01:30:29 ET Siemens press release ( OTCPK:SIEGY ): Q3 basic earnings per share were €1.61 and EPS before purchase price allocation accounting were €1.78. Revenue of €18.89B (+5.7% Y/Y). Orders rose 15% and revenue grew 10% on a comparable ba...

2023-07-29 23:49:00 ET Summary Our approach focuses on identifying high-quality companies positioned to benefit as the transition to a sustainable global economy builds momentum. Buildings are a major source of energy consumption and greenhouse gas emissions worldwide. We ...

2023-07-07 05:48:05 ET Summary I continue to be bullish on the German industrial manufacturing/technology conglomerate, as I see a continued favorable exposure to secular growth drivers in AI, automation, and electrification. Siemens reported a strong quarter in FY Q2, beating ana...

2023-06-20 04:55:36 ET Intel ( NASDAQ: INTC ) on Monday said that it will invest more than €30B in Germany to build two semiconductor facilities as part of its manufacturing expansion plan in Europe. Intel and the German government signed a revised letter of intent f...

2023-06-16 10:52:05 ET Summary Industrials is the second-most overvalued sector right now. However, one industry has good value and quality scores: transportation. iShares Global Industrials ETF is an alternative to Industrial Select Sector SPDR® Fund ETF with internation...

2023-06-16 06:27:21 ET Summary Stationary energy storage is booming, led by Tesla. Global stationary energy storage is forecast to double in 2023. Tesla Master Plan 3 says the world will need ~120 TWh of stationary energy storage for a 100% renewable energy world. That's about a 1...

2023-06-15 05:06:02 ET Siemens ( OTCPK:SIEGY ) ( OTCPK:SMAWF ) will invest €2B to boost manufacturing capacity, including a new facility in Singapore and expansion of its digital factory in Chengdu, China. The German conglomerate said that it will spend ~€200M...

2023-05-31 10:52:54 ET Siemens ( OTCPK:SIEGY ) said Wednesday it secured a rail vehicle service contract extension for another eight years worth €530M ($568.9M). The contract includes maintenance services for 51 trains of the Class 185 fleet serving TransPennine Express r...