Siemens Energy’s recent price losses have had a major impact on the major shareholder Siemens. A special depreciation will burden the result after taxes in the third business quarter by the end of June by around 2.8 billion euros, the Dax group Siemens announced surprisingly on Thursday evening in Munich. Siemens has a 35 percent stake in Siemens Energy. In view of the closing price of the share on Thursday evening, the market value of the investment was “significantly below the book value,” the reasoning said. Since the turn of the year, the Siemens Energy paper has lost almost 38 percent of its value. Siemens shares hardly reacted to the evening’s news in after-hours trading on the Tradegate platform.
Depreciation – Energy subsidiary burdens Siemens – Economy
