Pause operations: company temporarily curtailing operations while keeping return options open

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

 
 
 

Pause operations: company temporarily curtailing operations while keeping return options open

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Revenue(RF), mln.USD
329
Glob.Revenue, mln.USD
29493
Staff
320
Capital, mln.USD
21
Assets, mln.USD
148
Taxes, mln.USD
61

Sold factory and stake in few Russian companies.

The Company Statement
October 14, 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". 14.10.2022: Siemens Energy sells Russia-based gas turbine JV to local state firm.

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Statements Archive
November 30, 2022Yale's SOM List
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
August 08, 2022Siemens Energy loss widens amid Russia withdrawal
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
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