Lịch sự kiện Kinh tế

Siemens set to complete work for health unit IPO by March 2018, CEO says

Nov 9, 2017

Link: blob:https://www.cnbc.com/4cc48d5d-353b-4c77-94c0-2d1b9b602615

Silvia Amaro | @Silvia_Amaro

Siemens is set to conclude internal preparations to sell its health care unit by the end of March of next year, the chief executive officer told CNBC Thursday.

“We have a fascinating health care business,” Joe Kaeser, CEO Siemens told CNBC, “and are going to float the business … because we do believe this is an attractive market and we want to keep control of that business going forward.”

The German industrial group announced in August its intention to float its health care unit in 2018. At the time the firm said it expected to value the business at up to 40 billion euros ($47 billion). However, Kaeser told CNBC that the firm will only go to the market when it sees an “optimal timing.”

Joe Kaeser, chief executive officer of Siemens AG, during a news conference in Berlin, Germany, May 7, 2014.

“I want to make sure that my company is ready, that we go whenever it is an optimal timing,” he said.

“So we are going to be done latest by March 2018 with our internal preparations and then we will look into the market, what it does and that the options are, and we’ll take it from there,” Kaeser added.

As a preparation for the IPO, Siemens announced Thursday the appointment of Jochen Schmitz as the new chief financial officer of its health care business.

Link: https://www.cnbc.com/video/2017/11/09/siemens-ceo-need-to-take-care-of-power-generation-business.html

Siemens reported Thursday an increase in net profits during its fiscal fourth quarter of 2017. Despite some issues at its wind energy and gas and power businesses, the firm saw higher profits and revenues from a year ago.

Here are some of the key metrics:

Revenue: 22.299 billion euros vs 21.953 billion euros last year

Profits: 2.197 billion euros, versus 2.448 billion last year

Net income: 1.293 billion euros vs 1.176 billion euros last year

Kaeser told CNBC that it was a “good” quarter and the company achieved “everything we promised” for 2017.

“We have a structural challenge to overcome in the power generation business,” he noted, “We are actively tackling the problem we are going to fix it during the course of 2018.”

Source: https://www.cnbc.com/2017/11/09/siemens-earnings-q4-2017.html


By subscribing to our company newsletter you will always be up-to-date on our latest promotions!

Market News

Sky-high stock market has investors looking to commodities

Devika Krishna Kumar, Chris Prentice NEW YORK (Reuters) - A growing number of investors are plowing money into commodities, seeking to diversify their holdings on gnawing concerns about a stock market correction as equities scale new highs almost daily. Low interest...

read more

Oil prices stabilize just below two-year highs

Christopher Johnson LONDON (Reuters) - Oil prices steadied just below two-year highs on Thursday, supported by supply cuts by OPEC and other major exporters including Russia. Benchmark Brent crude oil LCOc1 was unchanged at $63.49 a barrel by 0840 GMT. On Tuesday,...

read more

Call Back Request

Leave us your contact and question. We will answer as soon as we can!

15 + 6 =


Copyright © 2016 MarketOnUs Ltd. All rights reserved.

MarketOnUs Ltd.
Registration number 81547
Ajeltake Road, Ajeltake Island
MH96960 Majuro
Marshall Islands