EQS-Adhoc: Siemens Aktiengesellschaft: Siemens strengthens leadership in industrial software and AI with acquisition of Altair Engineering
EQS-Ad-hoc: Siemens Aktiengesellschaft / Key word(s): Takeover Munich, October 30, 2024 Disclosure of an inside information according to Article 17 MAR Siemens strengthens leadership in industrial software and AI with acquisition of Altair Engineering
The Supervisory Board of Siemens AG has approved the Managing Board’s decision to acquire Altair Engineering Inc., a leading provider of software in the industrial simulation and analysis market. Altair shareholders will receive USD 113 per share, representing an enterprise value of USD 10.0 billion.
The transaction is expected to be EPS (pre-PPA) accretive by year two post-closing.
Closing of the transaction is subject to customary conditions and is expected within the second half of calendar year 2025.
Notes and forward-looking statements This document contains statements related to our future business and financial performance and future events or developments involving Siemens that may constitute forward-looking statements. These statements may be identified by words such as “expect,” “look forward to,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “estimate,” “will,” “project” or words of similar meaning. We may also make forward-looking statements in other reports, in prospectuses, in presentations, in material delivered to shareholders and in press releases. In addition, our representatives may from time to time make oral forward-looking statements. Such statements are based on the current expectations and certain assumptions of Siemens’ management, of which many are beyond Siemens’ control. These are subject to a number of risks, uncertainties and factors, including, but not limited to those described in disclosures, in particular in the chapter Report on expected developments and associated material opportunities and risks in the Combined Management Report of the Siemens Report (siemens.com/siemensreport), and in the Interim Group Management Report of the Half-year Financial Report (provided that it is already available for the current reporting year), which should be read in conjunction with the Combined Management Report. Should one or more of these risks or uncertainties materialize, should decisions, assessments or requirements of regulatory authorities deviate from our expectations, should events of force majeure, such as pandemics, unrest or acts of war, occur or should underlying expectations including future events occur at a later date or not at all or assumptions prove incorrect, actual results, performance or achievements of Siemens may (negatively or positively) vary materially from those described explicitly or implicitly in the relevant forward-looking statement. Siemens neither intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated. This document includes – in the applicable financial reporting framework not clearly defined – supplemental financial measures that are or may be alternative performance measures (non-GAAP-measures). These supplemental financial measures should not be viewed in isolation or as alternatives to measures of Siemens’ net assets and financial positions or results of operations as presented in accordance with the applicable financial reporting framework in its Consolidated Financial Statements. Other companies that report or describe similarly titled alternative performance measures may calculate them differently. Due to rounding, numbers presented throughout this and other documents may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures.
Important Information and Where to Find It This communication relates to a proposed transaction between Altair Engineering Inc. ("the Company") and Siemens Industry Software Inc. ("Parent"). In connection with this proposed transaction, the Company will file a proxy statement on Schedule 14A or other documents with the SEC. This communication is not a substitute for any proxy statement or other document the Company may file with the SEC in connection with the proposed transaction. INVESTORS AND SECURITY HOLDERS OF THE COMPANY ARE URGED TO READ THE PROXY STATEMENT, INCLUDING THE DOCUMENTS INCORPORATED BY REFERENCE INTO THE PROXY STATEMENT, AND OTHER DOCUMENTS THAT MAY BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. The definitive proxy statement, when available, will be mailed to stockholders of the Company as applicable. Investors and security holders will be able to obtain free copies of these documents, when available, and other documents filed with the SEC by the Company through the website maintained by the SEC at http://www.sec.gov. Copies of the documents filed with the SEC by the Company will be available free of charge on the Company's internet website at https://investor.altair.com or by contacting the Company's primary investor relation's contact by email at IR@altair.com.
Participants in Solicitation The Company, Parent, Siemens AG, their respective directors and certain of their respective executive officers may be considered participants in the solicitation of proxies in connection with the proposed transaction. Information about the directors and executive officers of the Company, their ownership of company common shares, and the Company's transactions with related persons is set forth in its Annual Report on Form 10-K for the fiscal year ended December 31, 2023, which was filed with the SEC on February 22, 2024 (and which is available at https://www.sec.gov/ix?doc=/Archives/edgar/data/0001701732/000095017024018804/altr-20231231.htm), in its proxy statement on Schedule 14A for its 2024 Annual Meeting of Stockholders in the sections entitled “Corporate Governance Matters,” “Security Ownership of Certain Beneficial Owners and Management” and “Transactions with Related Persons”, which was filed with the SEC on April 5, 2024 (and which is available at https://www.sec.gov/ix?doc=/Archives/edgar/data/0001701732/000119312524087903/d722499ddef14a.htm), certain of its Quarterly Reports on Form 10-Q and certain of its Current Reports on Form 8-K. These documents can be obtained free of charge from the sources indicated above. Additional information regarding the participants in the proxy solicitations and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the proxy statement and other relevant materials to be filed with the SEC when they become available.
Contact: Tobias Atzler Head of Siemens Investor Relations Werner-von-Siemens-Str. 1 80333 München +49 (0) 89-7805-32474 investorrelations@siemens.com End of Inside Information
30-Oct-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | Siemens Aktiengesellschaft |
Werner-von-Siemens-Str. 1 | |
80333 München | |
Germany | |
Phone: | +49 (89) 7805 0 |
Fax: | +49 (89) 7805 32475 |
E-mail: | investorrelations@siemens.com |
Internet: | www.siemens.com |
ISIN: | DE0007236101 |
WKN: | 723610 |
Indices: | DAX, EURO STOXX 50, |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 2019441 |
End of Announcement | EQS News Service |
|
2019441 30-Oct-2024 CET/CEST
Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.
The most important financial data at a glance | ||||||||
2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024e | ||
Sales1 | 83.044,00 | 58.483,00 | 57.139,00 | 62.265,00 | 71.977,00 | 77.769,00 | 75.930,00 | |
EBITDA1,2 | 9.602,00 | 8.683,00 | 7.601,00 | 9.091,00 | 10.759,00 | 14.163,00 | 13.577,00 | |
EBITDA-Margin3 | 11,56 | 14,85 | 13,30 | 14,60 | 14,95 | 18,21 | 17,88 | |
EBIT1,4 | 6.183,00 | 6.403,00 | 4.444,00 | 6.016,00 | 7.198,00 | 10.555,00 | 10.419,00 | |
EBIT-Margin5 | 7,45 | 10,95 | 7,78 | 9,66 | 10,00 | 13,57 | 13,72 | |
Net Profit (Loss)1 | 6.120,00 | 5.648,00 | 4.200,00 | 6.697,00 | 4.392,00 | 8.529,00 | 8.992,00 | |
Net-Margin6 | 7,37 | 9,66 | 7,35 | 10,76 | 6,10 | 10,97 | 11,84 | |
Cashflow1,7 | 8.425,00 | 8.456,00 | 8.862,00 | 9.996,00 | 10.241,00 | 12.239,00 | 11.665,00 | |
Earnings per share8 | 7,01 | 6,32 | 4,93 | 6,28 | 4,59 | 9,91 | 10,38 | |
Dividend per share8 | 3,80 | 3,90 | 3,50 | 4,00 | 4,25 | 4,70 | 5,20 |
1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de
Auditor: PricewaterhouseCoopers
All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.
INVESTOR-INFORMATION | ||||||
©boersengefluester.de | ||||||
Siemens | ||||||
WKN | ISIN | Legal Type | Marketcap | IPO | Recommendation | Plus Code |
723610 | DE0007236101 | AG | 151.408,00 Mio € | 01.05.1948 | Kaufen | 8FWH4HVF+PV |
PE 2025e | PE 10Y-Ø | BGFL-Ratio | Shiller-PE | PB | PCF | KUV |
17,44 | 19,25 | 0,91 | 25,62 | 3,21 | 12,98 | 1,99 |
Dividend '2022 in € |
Dividend '2023 in € |
Dividend '2024e in € |
Div.-Yield '2024e in % |
4,25 | 4,70 | 5,20 | 2,75% |
Annual General Meeting | Q1-figures | Q2-figures | Q3-figures | Annual press conference |
13.02.2025 | 13.02.2025 | 15.05.2025 | 07.08.2025 | 04.12.2024 |
Distance 60-days-line | Distance 200-days-line | Performance YtD | Performance 52 weeks | IPO |
+2,57% | +7,54% | +11,38% | +12,60% | +0,00% |
Founded in 2013 by Gereon Kruse, the financial portal boersengefluester.de is all about German shares - with a clear focus on second-line stocks. In addition to traditional editorial articles, the site stands out in particular thanks to a large number of self-developed analysis tools. All tools are based on a completely self-maintained database for more than 650 shares. As a result, boersengefluester.de produces Germany's largest profit and dividend forecast.