SIEGY Stock Recent News

Following the payment received by Kromek Group PLC from Siemens Healthineers, broker Cavendish said this is expected to deliver profitability for the current financial year and materially strengthen the company's balance sheet. The company's house broker reiterated its 26p target price, which compares to a last close at 7.1p, and its forecasts for the current year, which include a 24% rise in revenue to £24.1 million and a swing from a £3.2 million adjusted loss last year to a £4.9 million profit.

Siemens' Q1 2025 results were very strong, with significant growth in revenue, margins, and profit, particularly driven by the digital industries (DI) segment. Despite positive fundamentals, Siemens' current valuation at over 21x P/E limits its upside, making it less attractive for new investments. I am reducing my Siemens stake due to valuation concerns, retaining a small position and setting a price target of €165.

Kromek Group PLC (AIM:KMK) confirmed it will become profitable in the current financial year after it received the first $25 million (£20 million) payment from Siemens Healthineers under the multi-year agreements signed last month. The payment follows the AIM-listed company completing the first milestone of the contract.

German industrial conglomerate Siemens (SIEGY 1.41%) was a somewhat under-the-radar winner on the stock exchange on Friday. The company's shares enjoyed a more than 1% bump in price, as investors continued to disseminate the latest earnings release and two analysts raised their price targets.

Siemens' board lost its attempt on Thursday to allow the company to continue to hold virtual AGMs in future without the physical presence of investors.

Roland Busch, CEO of Siemens, discusses the German firm's first-quarter earnings, innovation in Europe, the German economy, and the impact of potential tariffs on Siemens.

Siemens Aktiengesellschaft (OTCPK:SIEGY) Q1 2025 Earnings Conference Call February 13, 2025 2:30 AM ET Company Participants Tobias Atzler - Head of Investor Relations Roland Busch - President and Chief Executive Officer Ralf Thomas - Chief Financial Officer Conference Call Participants Max Yates - Morgan Stanley Ben Uglow - OxCap Analytics James Moore - Redburn Atlantic Gael de-Bray - Deutsche Bank Simon Toennessen - Jefferies Alexander Virgo - Bank of America Operator Good morning, ladies and gentlemen, and welcome to the Siemens 2025 First Quarter Conference Call. As a reminder, this call is being recorded.

Siemens reported better than expected profit for its latest quarter on Thursday, despite continued struggles at its factory automation business.

Siemens shareholder Deka Investment will vote against the reelection of Jim Hagemann Snabe as chairman at the German engineering group, it said on Monday.

ARLINGTON, Va.--(BUSINESS WIRE)--Siemens Government Technologies (SGT) today announced that Stacie Ohler has been named its Vice President, Buildings & Energy. An experienced leader in large federal program management and acquisition, Ohler brings more than two decades of experience supporting government agencies with national security technology solutions. In her new role, she will be responsible for delivering energy efficient, resilient, and adaptable technologies for the U.S. government.