Hold off investments: company postponing future planned investment/development/marketing while continuing substantive business

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Siemens Energy is a German company, a manufacturer of equipment for the energy industry.

 
 
 

Hold off investments: company postponing future planned investment/development/marketing while continuing substantive business

Wait Pausing Investments
Revenue, mln.USD
329
Glob.Revenue, mln.USD
29493
Staff
320
Capital, mln.USD
21
Assets, mln.USD
148
The Company Statement
August 08, 2022

All new types of business in Russia have been suspended. German energy holding Siemens Energy has started restructuring its business activities in Russia and intends to complete the exit from assets in Russia at the end of the current fiscal year. But it is possible to continue servicing the equipment for "Nordic Stream-1"

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Statements Archive
July 10, 2022Canada agreed to hand over the turbine to Gazprom, contrary to Ukraine's position
June 21, 2022Canada Working With Germany on Options to Restore Vital Gas Flow
September 08, 2022Siemens Energy plans to complete the exit from assets in the Russian Federation this fall, but there is a nuance
March 02, 2022Siemens Energy stopping all new business in Russia
Demand to Leave Russia:Petition text has been copied to the clipboard.
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