|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||49.61 - 50.73|
|52 Week Range||49.61 - 89.66|
|Beta (5Y Monthly)||1.12|
|PE Ratio (TTM)||15.56|
|Forward Dividend & Yield||2.27 (4.45%)|
|Ex-Dividend Date||Feb 11, 2022|
|1y Target Est||N/A|
Siemens said the market environment would dictate when it sells further shares in Siemens Energy, after warning late on Thursday that it was booking a writedown related to a slide in the value of Siemens Energy. German engineering group Siemens, which owns 35% of Siemens Energy, said on Thursday it was booking a writedown that would result in a 2.8 billion euro ($2.93 billion) impact on its third quarter net income.
FRANKFURT (Reuters) -Siemens said on Thursday it was booking a writedown that will result in a 2.8 billion euro ($2.93 billion) impact on the German engineering company's third quarter net income. The impairment is related to the fall in the value of Siemens Energy, which is 35% by Siemens AG after the spin off in 2020. Siemens Energy has had a troubled first two years since the separation, with Siemens executives frequently voicing disappointment with the company's performance, particularly at its wind turbine unit Siemens Gamesa.