Siemens AG - Earnings Release 2022

News Details

Ad-hoc | 30 June 2022 19:03

Siemens Aktiengesellschaft: Siemens announces impairment of an at‐equity investment

Siemens Aktiengesellschaft / Key word(s): Profit Warning

Siemens Aktiengesellschaft: Siemens announces impairment of an at‐equity investment

30-Jun-2022 / 19:03 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, June 30, 2022

Disclosure of an inside information according to Article 17 MAR

Siemens announces impairment of an at ‐ equity investment

With Siemens Energy AG’s Xetra closing share price of €13.99 on June 30, 2022, the market value of Siemens’ 35% investment in Siemens Energy AG (SE) is significantly below the book value. This leads to an impairment of the SE investment, resulting in a total non‐cash impact on net income of approx. €2.8 billion in the third quarter of financial year 2022.

All results for the third quarter and their consequences on the outlook for the current financial year will be published on August 11, 2022.

Contact:

Dr. Eva Riesenhuber

Head of Siemens Investor Relations

Werner-von-Siemens-Str. 1

80333 Munich

+49 (0) 89-7805-32474

[email protected]

30-Jun-2022 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 (89) 7805 0
Fax:	+49 (89) 7805 32475
E-mail:	[email protected]
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:	1388259