Siemens AG

Earnings data Q2 2021

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Siemens AG is a technology company, which engages in the areas of automation and digitalization. It operates through the following segments: Digital Industries, Smart Infrastructure, Mobility, Siemens Healthineers, and Siemens Financial Services. The Digital Industries segment offers a product portfolio and system solutions for automation used in discrete and process industries. The Smart Infrastructure segment includes products, systems, solutions, services and software to support a transition from fossil to renewable energy sources. The Mobility segment combines all Siemens businesses in passenger and freight transportation. The Siemens Healthineers segment develops, manufactures, and sells diagnostic and therapeutic products, and services to healthcare providers. The Siemens Financial Services segment focuses on financing solutions for Siemens’ customers as well as other companies in the form of debt and equity investments. The company was founded by Johann Georg Halske and Werner von Siemens on October 12, 1847 and is headquartered in Munich, Germany.

Siemens AG stock price (ETR: SIE) surged over 4% on Thursday after the German giant posted better-than-expected results for its third quarter. Shares are now attempting to break a long-term resistance around the 115.00 mark.

Siemens stock price rallies as profit smash estimates

Siemens posted better-than-expected industrial profit for its third quarter as the German engineering group weathered the effects of the coronavirus pandemic.

Siemens beats forecasts for industrial profit

Siemens Healthineers AG

Siemens Healthineers AG (SEMHF) CEO Bernhard Montag on Q3 2020 Results - Earnings Call Transcript

WASHINGTON--(BUSINESS WIRE)--The Siemens Foundation today announced it is providing $500,000 to eight community health centers across the United States to help in the COVID-19 crisis recovery and address racial disparities in accessing quality, affordable healthcare. These grants complement the $1.5 million in grants provided by the Siemens Foundation in April to 12 community health centers across the country.

Siemens Foundation Provides Additional $500K For Community Health Centers to Support COVID-19 Recovery and Social Equity

Germany's Siemens has decided to let its employees work from wherever they want for two or three days a week, in the latest example of how the coronavirus is making major companies re-think how and where their staff work.

Siemens to let staff spend less time in the office permanently

Deutsche Post AG

Medical technology company Siemens Healthineers (OTCMKTS: SMMNY) has entered a 10-year service agreement with DHL Supply Chain to oversee its product distribution in North America.

Siemens Healthineers Taps DHL To Manage North American Distribution

German engineering company Siemens saw the volume of business contract by as much as 20% in the three months to June and activity in 2021 would stay below 2019 levels, the chief financial officer told Boersenzeitung (BoeZ).

Siemens sees up to 20% drop in business in April-June quarter, CFO tells Boersenzeitung

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Proof that technology is an important investment as the economy tries to pull itself out of recession.

ConocoPhillips Taps Low-Code Software to Help It Adapt to the Times

Salesforce

Salesforce.com Inc. (NYSE: CRM) is looking to get people back to work in the age of COVID.

How Salesforce and Siemens Aim to Fight COVID-19

Siemens and U.S. software developer Salesforce will work together on products to help companies' employees get back to work while following rules to prevent the spread of the new coronavirus, the firms said on Tuesday.

Siemens, Salesforce aim to sell products for COVID-19 back-to-work plans

Italian tax police arrested 13 people, including executives of the Italian units of Germany's Siemens and France's Alstom , in an investigation into alleged bribery relating to Milan subway contracts, prosecutors said on Tuesday.

Italy arrests Siemens, Alstom executives over Milan subway deals

IBM and Siemens' new solution strengthens IBM's asset management capabilities, which bodes well for the company's top-line performance in the coming days.

IBM Expands Partnership With Siemens to Launch New Solution

PLANO, Texas and ARMONK, N.Y., June 17, 2020 /PRNewswire/ -- Expanding on their long-term partnership, Siemens and IBM (NYSE: IBM) announce the availability of a new solution designed to optimize the Service Lifecycle Management (SLM) of assets by dynamically connecting real-world...

Siemens and IBM Deliver Service Lifecycle Management Solution

A Relative Strength Rating upgrade for Siemens shows improving technical performance. Will it continue?

Siemens Stock Rising, Triggering Key Upgrade, Amid Divestiture Moves

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Adoption of digital technology in manufacturing is likely to increase as a consequence of the COVID-19 crisis.

The Coronavirus Pandemic Will Encourage Investment in This Hot Tech Sector

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EIA projects average renewable capacity at proposed U.S. facilities to more than double by the end of 2023

Good Times Ahead for US Energy Storage Market: Stocks in Focus

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Eleven new wind projects totaling 1,821 MW start operations during the first quarter, 117% higher than the first quarter of 2019.

US Wind Installations More Than Double in Q1: Stocks in Focus

Siemens Healthineers AG (SEMHF) CEO Bernd Montag on Q2 2020 Results - Earnings Call Transcript

Siemens AG (SIEGY) CEO Roland Busch on Q2 2020 Results - Earnings Call Transcript

Siemens AG (ETR: SIE) said on Friday that its industrial profit came in 18% lower in the second quarter. The company also withdrew its previous full-year guidance for 2020 and warned that the impact of the Coronavirus pandemic on its performance is expected to be more pronounced in the third quarter.

Siemens’ shareholders’ net profit tanks 64% as Coronavirus weighs on performance

Siemens  stock surged on Friday after the German engineering company said it was speeding up cost savings to tackle the coronavirus downturn and the flotation of its energy business remained on track.

Siemens surges as cuts costs and presses on with energy IPO

Siemens  Chief Financial Officer Ralf Thomas said the moderate sales decline expected by the German industrial company for its 2020 business year would mean a decline of up to 5%.

Siemens sees sales decline of up to 5% for 2020 financial year

German industrial company Siemens  is accelerating its cost-savings programme to deal with the impact of the coronavirus pandemic, Deputy Chief Executive Roland Busch said on Friday.

Siemens steps up cost-saving programme to tackle coronavirus downturn

Siemens  expects "even stronger impacts" from the coronavirus pandemic in the weeks ahead, it said on Friday as it ditched its 2020 guidance and posted an 18% drop in industrial profit during its second quarter.

News for Siemens AG Stock (SIEGY)