Please use another Browser

It looks like you are using a browser that is not fully supported. Please note that there might be constraints on site display and usability. For the best experience we suggest that you download the newest version of a supported browser:

Internet Explorer, Chrome Browser, Firefox Browser, Safari Browser

Continue with the current browser

Siemens Energy gets solid investment grade rating from S&P Global

“This confirmation of the solid investment grade rating that we were aiming for is an important milestone for Siemens Energy as an independent entity,” said Joe Kaeser, President and CEO of Siemens AG. “Both the New Siemens AG and Siemens Energy are well equipped to define their own futures, proactively and successfully, as well-focused companies. We are thus fulfilling a substantial element of our Vision 2020+ that we detailed at our 2019 Capital Market Day.”
“The rating is a confirmation for our project of preparing Siemens Energy for independence with a healthy business profile and attractive financing and capitalization,” added Prof. Dr. Ralf P. Thomas, Chief Financial Officer of Siemens AG. “It was important to us from the very start to create a strong global player, where our shareholders could participate directly in its sustainable success. The spin-off will give it additional flexibility, while Siemens AG acquires an important qualification for raising its own rating still further.”
According to S&P Global, the stable outlook reflects the expectation that Siemens Energy will succeed in its transition to an independent, listed company. S&P assumes that despite the coronavirus crisis and the ongoing transformation of Siemens Energy, the strong rating figures will remain valid even into the medium term. The first listing of Siemens Energy on the Frankfurt Stock Exchange is scheduled for September 28, 2020.
The planned listing of Siemens Energy will create a strong, focused, global company with operations spanning the entire energy value chain, including the service business. The new Siemens Energy has about 91,000 employees worldwide (as of March 31, 2020). Its products include gas turbines, steam turbines, generators, transformers and compressors. In the area of wind turbines, Siemens Energy’s 67 percent stake in Siemens Gamesa Renewable Energy makes it a global market leader in renewable energies. According to the Combined Financial Statements of Siemens Energy AG as of September 30, 2019, which were prepared on a voluntary basis, Siemens Energy generated revenue of about €29 billion in fiscal 2019.

For this press release

Press Folders

Follow us on Twitter

Siemens AG (Berlin and Munich) is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for more than 170 years. The company is active around the globe, focusing on the areas of intelligent infrastructure for buildings and distributed energy systems, and automation and digitalization in the process and manufacturing industries. Through the separately managed companies Siemens Energy, the global energy business of Siemens, and Siemens Mobility, a leading supplier of smart mobility solutions for rail and road transport, Siemens is shaping the energy systems of today and tomorrow as well as the world market for passenger and freight services. Due to its majority stakes in the publicly listed companies Siemens Healthineers AG and Siemens Gamesa Renewable Energy (as part of Siemens Energy), Siemens is also a world-leading supplier of medical technology and digital healthcare services as well as environmentally friendly solutions for onshore and offshore wind power generation. In fiscal 2019, which ended on September 30, 2019, Siemens generated revenue of €86.8 billion and net income of €5.6 billion. At the end of September 2019, the company had around 385,000 employees worldwide. Further information is available on the Internet www.siemens.com.
Read more

This press release and the information contained herein are for information purposes only and do not constitute a prospectus or an offer to sell or a solicitation of an offer to buy or subscribe for any securities in the United States of America ("U.S."), Canada, Japan, Australia or in any other jurisdiction. Any securities to be distributed in connection with this transaction have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or the laws of any state of the U.S. Neither Siemens Energy AG nor Siemens AG intends to register any securities referred to herein in the U.S.

This communication is being distributed to, and is directed only at, persons in the United Kingdom in circumstances where section 21(1) of the Financial Services and Markets Act 2000 does not apply. This document does not constitute an offer document or an offer of securities to the public in the U.K. to which section 85 of the Financial Services and Markets Act 2000 of the U.K. applies and is not, and should not be considered as, a recommendation that any person should subscribe for or purchase any securities. This document is being communicated only to (i) persons who are outside the U.K.; (ii) persons who have professional experience in matters relating to investments falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the "Order") or (iii) persons within the scope of article 43 of the Order or (iv) high net worth companies, unincorporated associations and other bodies who fall within article 49(2)(a) to (d) of the Order (all such persons together being referred to as "Relevant Persons"). Any investment or investment activity to which this document relates is available only to and will be engaged in only with Relevant Persons, and any person who is not a Relevant Person must not act or rely on this communication or any of its contents. This document should not be published, reproduced, distributed or otherwise made available, in whole or in part, to any other person without the prior consent of the Company.

This press release contains forward-looking statements. These statements are based on the current views, expectations, assumptions and information of the management of Siemens AG and Siemens Energy AG. Forward-looking statements involve known and unknown risks and uncertainties and, therefore, should not be construed as guarantees of future results, performance and events. Actual results, performance or events may differ materially from those described in such statements due to, among other things, changes in the general economic and competitive environment, risks associated with capital markets, currency exchange rate fluctuations, changes in international and national laws and regulations, in particular with respect to tax laws and regulations, affecting Siemens Energy AG, and other factors. Siemens AG or Siemens Energy AG do not undertake any obligation to update any forward-looking statement

Read more

Contact

Florian Martens

Siemens AG

Werner-von-Siemens-Straße 1                       
80333 Munich
Germany

+49 (89) 636 22804

Richard Speich

Siemens AG

Werner-von-Siemens-Straße 1
80333 Munich
Germany

+49 (89) 636 30017