Siemens Energy AG (OTCPK:SMEGF)
$ 36.625 -0.665 (-1.78%) Market Cap: 29.05 Bil Enterprise Value: 25.63 Bil PE Ratio: 48.38 PB Ratio: 2.64 GF Score: 60/100

Siemens Energy AG Corporate Call Transcript

Jun 23, 2023 / 05:30AM GMT
Release Date Price: $15.96 (-24.00%)
Operator

Good morning, ladies and gentlemen. Thank you for standing by. Welcome, and thank you for joining the Siemens Energy Conference Call. (Operator Instructions)

It is my pleasure, and I would now like to turn the conference over to Michael Hagmann. Please go ahead, sir.

Michael Hagmann
Siemens Energy AG - Head of IR

Thank you, Frenzy. Good morning, everyone, to this conference call where we want to discuss yesterday's ad hoc announcement. Here with me are Christian Bruch, the CEO of Siemens Energy; Maria Ferraro, CFO of Siemens Energy; and Jochen Eickholt, the CEO of Siemens Gamesa. Christian will make a brief statement at the beginning. And thereafter, we have time for Q&A... We intend to finish this call by 8:00 German time or 7:00 U.K.

And with that, I hand over to Christian.

Christian Bruch
Siemens Energy AG - CEO, President & Chairman of Executive Board

Thank you very much, Michael. Good morning also from my side. The reason for this call is very unpleasant. As you saw last night, we

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