|Bid||114.18 x 44200|
|Ask||114.24 x 100000|
|Day's range||112.42 - 117.20|
|52-week range||58.77 - 119.90|
|Beta (5Y monthly)||1.22|
|PE ratio (TTM)||22.89|
|Earnings date||06 Aug 2020|
|Forward dividend & yield||3.90 (3.48%)|
|Ex-dividend date||06 Feb 2020|
|1y target est||N/A|
Siemens expects a "modest" improvement in orders and revenue in the months ahead, as the German engineering group tackles the coronavirus downturn by speeding up cost savings. Chief Executive Joe Kaeser said he was seeing some signs of improvement in markets like China and Germany, although the situation in United States remained uncertain. Like other industrial companies including France's Schneider Electric and Switzerland's ABB, Siemens has been hit by factory and office shutdowns introduced to prevent the spread of the coronavirus.
Siemens <SIEGn.DE> announced changes to its managing board on Wednesday as the German engineering giant prepares for life after Chief Executive Joe Kaeser. The trains to industrial software maker said company veteran Klaus Helmrich, the current head of its digital industries division, will retire in March next year and be replaced by Cedrik Neike, the current head of Smart Infrastructure, effective from Oct. 1. Matthias Rebellius, currently the chief operating officer of Smart Infrastructure, will join Siemens' managing board and take Neike's role as head of the business which automates buildings.
With software and a computer, anyone, anywhere, has the tools they need to address the world’s greatest challenges. It is this spirit of open innovation that is at the heart of the Innovate for Impact: Siemens Design Challenge, an initiative created by global industrial company Siemens, in collaboration with The American Society of Mechanical Engineers (ASME) and Engineering for Change (E4C). Announced in February, the challenge was a call to action for socially minded engineers and hardware innovators to address two of the United Nations sustainable development goals -- zero hunger and clean water. Participants made up of engineering students, practicing engineers, faculty, entrepreneurs, and global development practitioners from 34 countries, representing 43 universities, took part in the challenge and proposed more than 220 solutions addressing the quality of life in underserved communities. Last week, E4C and Siemens announced four finalists in each track.