Siemens Raises Profit Targets, Plans $3.6 Billion Share Buyback

31
7
Favorite

Siemens Raises Profit Targets, Plans $3.6 Billion Share Buyback

Bloomberg2021-06-24

(Bloomberg) -- Siemens AG raised financial targets and announced its first share buyback since 2015 as the Germany industrial giant’s new chief executive officer pivots toward software to boost ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment（7）

Jasonc13
·2021-06-24
Great
Reply
1
Report
Joey___
·2021-06-24
Good news ??
Reply
1
Report
tyng8825
·2021-06-24
Good
Reply
2
Report
YYMA
·2021-06-24
great
Reply
3
Report
Jetblackeyes
·2021-06-24
@yvneyngwew
Reply
4
Report
Fold Replies
- yvneyng:
  Ok
  2021-06-24
  Reply
  Report
schsch
·2021-06-24
like and comment
Reply
1
Report
ivy888
·2021-06-24
Please comment
Reply
2
Report
Fold Replies
- AndreR93:
  Reply pls
  2021-06-24
  Reply
  Report
- Rahyenong:
  Ok
  2021-06-24
  Reply
  Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/1172430798?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-06-24 15:22","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1172430798","market":"us","top_or_hot":-1,"title":"Siemens Raises Profit Targets, Plans $3.6 Billion Share Buyback","media":"Bloomberg","content":"<div>\n<p>(Bloomberg) -- Siemens AG raised financial targets and announced its first share buyback since 2015 as the Germany industrial giant’s new chief executive officer pivots toward software to boost ...</p>\n\n<a href=\"https://finance.yahoo.com/news/siemens-raises-profit-targets-plans-064500818.html\">Source Link</a>\n\n</div>\n","source":"lsy1612507957220","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Siemens Raises Profit Targets, Plans $3.6 Billion Share Buyback</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSiemens Raises Profit Targets, Plans $3.6 Billion Share Buyback\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-24 15:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/siemens-raises-profit-targets-plans-064500818.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Siemens AG raised financial targets and announced its first share buyback since 2015 as the Germany industrial giant’s new chief executive officer pivots toward software to boost ...</p>\n\n<a href=\"https://finance.yahoo.com/news/siemens-raises-profit-targets-plans-064500818.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SIEGY","symbol_name":"西门子","start_time":0,"source_url":"https://finance.yahoo.com/news/siemens-raises-profit-targets-plans-064500818.html","article_id":"1172430798","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1172430798","pubTimestamp":1624519373,"columns":[],"sourceInfo":{"source_id":"lsy1612507957220","name":"finance.yahoo"},"weMediaInfo":null,"summary":"(Bloomberg) -- Siemens AG raised financial targets and announced its first share buyback since 2015 ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SIEGY":"西门子"},"translate_title":"西门子提高利润目标，计划36亿美元回购股票","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SIEGY":0.9},"content_text":"(Bloomberg) -- Siemens AG raised financial targets and announced its first share buyback since 2015 as the Germany industrial giant’s new chief executive officer pivots toward software to boost shareholder returns.\nSiemens will buy back as much as 3 billion euros ($3.6 billion) of shares over a five-year period starting from next year, the Munich-based manufacturer said Thursday in a statement. The company also hiked targets for revenue and profit over its three- to five-year business cycle with an expected boost to earnings per share of just under 10% annually.\n“Digitalization, automation and sustainability are growth engines for our business,” CEO Roland Busch said in the statement accompanying a capital markets day. “As a focused technology company, we want to strengthen our position in all our markets.”\nSiemens said it’s targeting acquisitions to break into “highly attractive” new markets “adjacent” to its existing businesses that offer as much as 120 billion euros in potential revenue. In May, the company agreed to pay $700 million to buy supply-chain management firm SupplyFrame Inc. that provides intelligence on factory outages and material-cost changes.\nThe new financial goals and share buyback mark the first significant step by Busch, 56, who took the helm in February to succeed long-term leader Joe Kaeser. After an era marked by spin offs and disposals that streamlined Siemens’ conglomerate structure, Busch is working to boost profitability and close a valuation gap with rivals -- a feat that eluded his predecessor.\nWhile the company’s share price has gained amid the spinoffs of Siemens Healthineers AG and Siemens Energy AG, profit margins continue to lag those of competitors like Schneider Electric SE. In May, Siemens increased its earnings guidance for the year on the back of a booming Chinese economy and a recovery in the global automotive sector.\nThe manufacturer serving customers in transportation, healthcare and infrastructure is also betting on growing demand for so-called software-as-a-service offerings to spur higher recurring revenues than the hardware-based products that made the firm a byword for German engineering prowess. At the capital market day, Siemens said software revenue of 5.3 billion euros in fiscal 2020 is expected to grow at a compound annual rate of around 10% over the business cycle until 2025.\nSiemens also raised profit targets for its Smart Infrastructure unit, a division that makes systems for controlling power grids, traffic and buildings, and its Mobility business, which makes trains as well as related software and equipment.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":128584481,"gmtCreate":1624523900743,"gmtModify":1703839266281,"author":{"id":"3565682207192149","authorId":"3565682207192149","name":"Jasonc13","avatar":"https://static.tigerbbs.com/170ea48cdc1622abfe44158c22dcf8ca","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3565682207192149","authorIdStr":"3565682207192149"},"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/128584481","repostId":1172430798,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":128582649,"gmtCreate":1624523809281,"gmtModify":1703839263514,"author":{"id":"4087359487990060","authorId":"4087359487990060","name":"Joey___","avatar":"https://static.tigerbbs.com/fbcad4e2f5059c6421cbb6a7159bfe0d","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4087359487990060","authorIdStr":"4087359487990060"},"htmlText":"Good news ??","listText":"Good news ??","text":"Good news ??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/128582649","repostId":1172430798,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":128500013,"gmtCreate":1624521748232,"gmtModify":1703839196210,"author":{"id":"3570852047190387","authorId":"3570852047190387","name":"tyng8825","avatar":"https://static.tigerbbs.com/96881c116505f25bd9b7404b76c5e06d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3570852047190387","authorIdStr":"3570852047190387"},"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/128500013","repostId":1172430798,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":128253383,"gmtCreate":1624520270542,"gmtModify":1703839157737,"author":{"id":"3586340560570750","authorId":"3586340560570750","name":"YYMA","avatar":"https://static.tigerbbs.com/79c48b1c7642ca33606764484b6904b6","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3586340560570750","authorIdStr":"3586340560570750"},"htmlText":"great","listText":"great","text":"great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/128253383","repostId":1172430798,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":128227391,"gmtCreate":1624520009513,"gmtModify":1703839153107,"author":{"id":"3584322535335724","authorId":"3584322535335724","name":"Jetblackeyes","avatar":"https://static.tigerbbs.com/227c87d3e8eaa258f98f85885dd9173d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3584322535335724","authorIdStr":"3584322535335724"},"htmlText":"<a href=\"https://laohu8.com/U/3585192718156791\">@yvneyng</a>wew&nbsp;","listText":"<a href=\"https://laohu8.com/U/3585192718156791\">@yvneyng</a>wew&nbsp;","text":"@yvneyngwew","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/128227391","repostId":1172430798,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4992049,"gmtCreate":1624520886534,"gmtModify":1663229895649,"authorId":3585192718156791,"author":{"id":3585192718156791,"idStr":"3585192718156791","authorId":3585192718156791,"name":"yvneyng","avatar":"https://static.tigerbbs.com/76e9d3dda84e38df5f92fb2edf5f1be0","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":128227391,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"},{"id":128225977,"gmtCreate":1624519854899,"gmtModify":1703839149482,"author":{"id":"3575927670533252","authorId":"3575927670533252","name":"schsch","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3575927670533252","authorIdStr":"3575927670533252"},"htmlText":"like and comment","listText":"like and comment","text":"like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/128225977","repostId":1172430798,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":128223874,"gmtCreate":1624519559498,"gmtModify":1703839142260,"author":{"id":"3579641974902127","authorId":"3579641974902127","name":"ivy888","avatar":"https://static.tigerbbs.com/10358949b7fc96b011ec29ca7fd9c9a4","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3579641974902127","authorIdStr":"3579641974902127"},"htmlText":"Please comment&nbsp;","listText":"Please comment&nbsp;","text":"Please comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/128223874","repostId":1172430798,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4991815,"gmtCreate":1624519580659,"gmtModify":1663229895553,"authorId":3568230509761996,"author":{"id":3568230509761996,"idStr":"3568230509761996","authorId":3568230509761996,"name":"AndreR93","avatar":"https://static.tigerbbs.com/96d3de091542c3cf445343cfbe260aeb","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":128223874,"type":1,"supId":0,"prevId":0,"content":"Reply pls","text":"Reply pls","html":"Reply pls"},{"id":4991973,"gmtCreate":1624520314163,"gmtModify":1663229894845,"authorId":3575639353998529,"author":{"id":3575639353998529,"idStr":"3575639353998529","authorId":3575639353998529,"name":"Rahyenong","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.11.03","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":128223874,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":31,"commentSize":7,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}