DGAP-Adhoc: Siemens Aktiengesellschaft: Siemens plans to sharpen the focus of its portfolio

2019. május 07., kedd, 17:45





DGAP-Ad-hoc: Siemens Aktiengesellschaft / Key word(s): Strategic Company Decision


Siemens Aktiengesellschaft: Siemens plans to sharpen the focus of its portfolio


07-May-2019 / 17:45 CET/CEST


Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.


The issuer is solely responsible for the content of this announcement.




Munich, May 7, 2019



Disclosure of an inside information according to Article 17 MAR



Siemens plans to sharpen the focus of its portfolio



As part of measures to clearly sharpen the focus of its portfolio, Siemens plans a carveout of the Gas and Power Operating Company into a separately managed company as well as a spin-off of the new company in connection with a subsequent public listing in order to deconsolidate the new company while keeping significant influence. In conjunction with these measures, Siemens plans to transfer its stake in Siemens Gamesa Renewable Energy S.A. to the new company. Plans call for the public listing of the new company to take place by September 2020. The Supervisory Board of Siemens AG approved the corresponding proposals at a meeting on May 7, 2019.

Disclaimer

This document contains statements related to our future business and financial performance and future events or developments involving Siemens that may constitute forward-looking statements. These statements may be identified by words such as "expect," "look forward to," "anticipate" "intend," "plan," "believe," "seek," "estimate," "will," "project" or words of similar meaning. We may also make forward-looking statements in other reports, in presentations, in material delivered to shareholders and in press releases. In addition, our representatives may from time to time make oral forward-looking statements. Such statements are based on the current expectations and certain assumptions of Siemens" management, of which many are beyond Siemens" control. These are subject to a number of risks, uncertainties and factors, including, but not limited to those described in disclosures, in particular in the chapter Risks in the Annual Report. Should one or more of these risks or uncertainties materialize, should decisions, assessments or requirements of regulatory authorities deviate from our expectations, or should underlying expectations not occur or assumptions prove incorrect, actual results, performance or achievements of Siemens may (negatively or positively) vary materially from those described explicitly or implicitly in the relevant forward-looking statement. Siemens neither intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated.

This document includes - in the applicable financial reporting framework not clearly defined - supplemental financial measures that are or may be alternative performance measures (non-GAAP- measures). These supplemental financial measures should not be viewed in isolation or as alternatives to measures of Siemens" net assets and financial positions or results of operations as presented in accordance with the applicable financial reporting framework in its Consolidated Financial Statements. Other companies that report or describe similarly titled alternative performance measures may calculate them differently. Explanations of financial measures used can be found in the Annual Report 2018 of Siemens AG (available at http://www.siemens.com/investor/pool/en/investor_relations/Siemens_AR2018.pdf), in particular in section A.2.






Contact:

Sabine Reichel

Head of Siemens Investor Relations

Werner-von-Siemens-Str. 1

80333 Munich

+49 (0) 89-636-32474

investorrelations@siemens.com








07-May-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: Siemens Aktiengesellschaft

Werner-von-Siemens-Str. 1

80333 München

Germany
Phone: +49 (0)89 636-00
Fax: +49 (0)89 636-1332474
E-mail: investorrelations@siemens.com
Internet: www.siemens.com
ISIN: DE0007236101
WKN: 723610
Indices: DAX, EURO STOXX 50,
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 808203





 
End of Announcement DGAP News Service




808203  07-May-2019 CET/CEST







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