Siemens Aktiengesellschaft: Siemens announces the impairment of an equity-accounted investment

DGAP-Ad-hoc: Siemens Aktiengesellschaft / Keyword(s): Profit Warning
Siemens Aktiengesellschaft: Siemens announces the impairment of an equity-accounted investment

June 30, 2022 / 7:03 p.m. CET/CEST
Disclosure of inside information acc. in Article 17 MAR of 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

Communication of privileged information in accordance with article 17 MAR

Siemens announces the impairment of one toA fair investment

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

Full third quarter results and their implications for the outlook for the current fiscal year will be released on August 11, 2022.

Contact:
Dr Eva Riesenhuber
Siemens Investor Relations Manager
Werner-von-Siemens-Str. 1
80333 Munich
+49 (0) 89-7805-32474
[email protected]


June 30, 2022 CET/CEST 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 Munich
Germany
Call: +49 (89) 7805 0
Fax: +49 (89) 7805 32475
E-mail: [email protected]
The Internet: www.siemens.com
IS IN: DE0007236101
WKN: 723610
Clues: DAX, EURO STOXX 50,
Listed: Regulated Market in Frankfurt (Prime Standard); Unofficial regulated market in Berlin, Düsseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1388259

End of announcement DGAP Information Service

1388259 June 30, 2022 CET/CEST

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