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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 started trading on the Frankfurt Stock Exchange. The launch price of the shares was quoted at 22,01 euros, which corresponds to a market capitalization of 15.993.460.697,93 euros.
Christian Bruch, CEO of Siemens Energy, said: “Our listing 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 sustainable and economically successful global transformation of energy markets. We are also aware of the responsibility this entails, as with the IPO we will not only be assuming a commitment with society, but also with our shareholders. We are doing everything in our power to seize the opportunities offered by the global energy transformation. The company's 91.000 employees are committed to helping our customers transform the energy market.”
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The IPO follows the successful spin-off of Siemens AG's Gas and Power business. With 91.000 employees in more than 90 countries, Siemens Energy is a leading global energy technology company. With its services business and 67% stake in Siemens Gamesa Renewable Energy, Siemens Energy operates across nearly the entire energy value chain. It is estimated that 1/6 of the world's energy generation is already based on Siemens Energy technologies. The company's largest shareholder 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 you need for a good start in the capital market: we are extremely well funded and have a equity story attractive. Our mission is to support our customers in transforming global energy markets while increasing shareholder value. This also includes a sound dividend policy. Our intention is to pay between 40% and 60% of consolidated net income 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 number (International Securities Identification Number) is DE000ENER6Y0, and the German Securities Identification Number is ENER6Y.
Siemens Energy is one of the world's leading energy technology companies. The company works with its customers and partners on energy systems for the future, thereby 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, hydrogen-powered hybrid power plants, generators and transformers. More than 50% of the portfolio has already been decarbonized. A majority stake in listed company 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 more than 90 countries and generated revenue of around €29 billion in fiscal 2019
