Siemens Aktiengesellschaft: Siemens announces the impairment of an equity-accounted investment
DGAP-Ad-hoc: Siemens Aktiengesellschaft / Keyword(s): Profit Warning
June 30, 2022 / 7:03 p.m. CET/CEST
Munich, June 30, 2022
Communication of privileged information in accordance with article 17 MAR
Siemens announces the impairment of one to–A 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.
June 30, 2022 CET/CEST DGAP distribution services include regulatory announcements, financial/corporate news and press releases.
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|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