Energy technology: Siemens Energy gets a new name
License valid for 10 years When Siemens Energy was spun off, it was agreed that the new company would acquire the protected name Siemens for 10 years
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Summary
During the spin-off of Siemens Energy, it was agreed that the new company would continue to have the protected name Siemens at its disposal for ten years. This means that the entire Group, with a market capitalization of around 130 billion euros, is currently one of the most valuable companies in the German leading index Dax. Currently, the papers are traded for 150 euros.
Furthermore, Since Siemens phased out its energy technology business as Siemens Energy in 2020, put it on the stock exchange and largely gave it to its shareholders, the new group looks back on a wild roller coaster ride. Against this background, Siemens Energy had already made it clear that the company would not extend the agreement, which runs until 2030. Last year alone, this amounted to around EUR 300 million.
In addition, In the current financial year, the company wants to make a profit of around 4 billion euros, which would be by far the highest value of its short history. The company’s roller coaster ride can also be read in the share price.
Cross-referenced from 4 sources.
Factual coreconfirmed by several independent voices
During the spin-off of Siemens Energy, it was agreed that the new company would continue to have the protected name Siemens at its disposal for ten years.
reliability low1/2 sourcesThis means that the entire Group, with a market capitalization of around 130 billion euros, is currently one of the most valuable companies in the German leading index Dax.
reliability low1/2 sourcesCurrently, the papers are traded for 150 euros.
reliability low1/2 sourcesSince Siemens phased out its energy technology business as Siemens Energy in 2020, put it on the stock exchange and largely gave it to its shareholders, the new group looks back on a wild roller coaster ride.
reliability low1/2 sourcesAgainst this background, Siemens Energy had already made it clear that the company would not extend the agreement, which runs until 2030.
reliability low1/2 sourcesLast year alone, this amounted to around EUR 300 million.
reliability low1/2 sourcesIn the current financial year, the company wants to make a profit of around 4 billion euros, which would be by far the highest value of its short history.
reliability low1/2 sourcesThe company’s roller coaster ride can also be read in the share price.
reliability low1/2 sources
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Sources3 sources cross-checked
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