Siemens Energy on the Frankfurt Stock Exchange.

Written by Paulo Nogueira

Published on 28/09/2020 at 15:47

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Siemens Energy Shares Will Be Traded on the Regulated Market (Prime Standard) of the Frankfurt Stock Exchange Under the Symbol ENR

Today, Siemens Energy AG began trading on the Frankfurt Stock Exchange. The launch price of the shares was quoted at €22.01, which corresponds to a market capitalization of €15,993,460,697.93.

Christian Bruch, CEO of Siemens Energy, stated: “Our entry into the stock market marks the beginning of a new and important era in the company’s history. As an independent company, we will now have the business flexibility we need to help shape the global transformation of energy markets in a sustainable and economically successful manner. We are also aware of the responsibility that this entails, as with going public we will not only be making a commitment to society but also to our shareholders. We are doing everything we can to seize the opportunities presented by the global energy transformation. The 91,000 employees of the company are committed to helping our customers transform the energy market.”

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The IPO follows the successful spin-off of the Gas and Power business from Siemens AG. With 91,000 employees in over 90 countries, Siemens Energy is a global leader in energy technology. With its services business and a 67% stake in Siemens Gamesa Renewable Energy, Siemens Energy operates across almost the entire value chain of energy. It is estimated that 1/6 of the world’s energy generation is already based on Siemens Energy technologies. The largest shareholder of the company is Siemens AG, with a 35.1% stake.

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Maria Ferraro, CFO of Siemens Energy, says: “Siemens Energy has all the ingredients it needs for a strong start in the capital market: we are extremely well financed and have an attractive equity story. Our mission is to support our clients in transforming the global energy markets while increasing value for shareholders. This also includes a solid dividend policy. Our intention is to pay between 40% to 60% of consolidated net profit after tax to our shareholders annually.

Siemens Energy shares will be traded on the Regulated Market (Prime Standard) of the Frankfurt Stock Exchange under the symbol ENR. The ISIN (International Securities Identification Number) is DE000ENER6Y0, and the German Securities Identification Number is ENER6Y.

Siemens Energy is one of the world’s leading companies in energy technology. The company works with its customers and partners on energy systems for the future, thus supporting the transition to a more sustainable world. With its portfolio of products, solutions, and services, Siemens Energy covers almost the entire energy value chain – from generation and transmission to storage. The portfolio includes conventional and renewable energy technology, such as gas and steam turbines, hybrid power plants operated with hydrogen, generators, and transformers. More than 50% of the portfolio has already been decarbonized. A majority stake in the publicly listed Siemens Gamesa Renewable Energy (SGRE) makes Siemens Energy a global leader in the renewable energy market. It is estimated that 1/6 of the electricity generated worldwide is based on Siemens Energy technologies. Siemens Energy employs 91,000 people globally in over 90 countries and generated approximately €29 billion in revenue for the 2019 fiscal year.

Siemens Energy on the Frankfurt Stock Exchange.

Siemens Energy Shares Will Be Traded on the Regulated Market (Prime Standard) of the Frankfurt Stock Exchange Under the Symbol ENR

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Siemens Energy on the Frankfurt Stock Exchange.

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