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    SIE   DE0007236101

SIEMENS AG

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The New Gas-Fuelled Power Plant Built by Renco and Siemens in 28 Months of Work Inaugurated in Yerevan

01/11/2022 | 06:12pm EDT

At the presence of the Prime Minister of the Republic of Armenia Nikol Pashinyan, the new gas-fuelled power plant built by Renco and Siemens in 28 months of work was inaugurated in Yerevan. These days the new power plant, which has been in operation since the beginning of October, will come on stream at full capacity, supplying 20% of the country's electricity. For almost three years, a peak of 1,500 people, both directly and indirectly connected to the Company, have been working on the site. Started up at the beginning of October, the power plant was developed by Renco in cooperation with the government of the Armenian Republic. The investment for the plant was $258 million with the participation of multiple investors, including the World Bank.


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Stocks mentioned in the article
ChangeLast1st jan.
ON SEMICONDUCTOR CORPORATION -2.49% 54.5 Delayed Quote.-19.76%
SIEMENS AG -2.14% 114.2 Delayed Quote.-25.20%
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Financials
Sales 2022 68 780 M 73 798 M 73 798 M
Net income 2022 6 927 M 7 432 M 7 432 M
Net Debt 2022 36 514 M 39 178 M 39 178 M
P/E ratio 2022 13,8x
Yield 2022 3,60%
Capitalization 91 189 M 97 842 M 97 842 M
EV / Sales 2022 1,86x
EV / Sales 2023 1,71x
Nbr of Employees 303 000
Free-Float 88,4%
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Mean consensus BUY
Number of Analysts 24
Last Close Price 114,20 €
Average target price 166,33 €
Spread / Average Target 45,6%
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Managers and Directors
Roland Emil Busch President & Chief Executive Officer
Ralf Peter Thomas Head-Corporate Finance, Accounting & Controlling
Jim Hagemann Snabe Chairman-Supervisory Board
Hanna Hennig Chief Information Officer
Bernhard Wardin Head-Technology & Innovation
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