Siemens Energy Closes Chapter on Germany’s €7.5 Billion Rescue

saarbruecker-zeitung.de

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The energy technology group has left its crisis so far behind that it no longer needs the German state's 2023 back-guarantees. This has positive consequences for the shareholders.

poslovni.hr

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At the end of 2023, the German government had to intervene and provide billions of euros worth of guarantees for projects.

berliner-sonntagsblatt.de

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Siemens Energy CEO Christian Bruch expressed relief at the early redemption of the energy technology company's government guarantees. "The guarantees cost a lot of money and also limited our ability to pay dividends," Bruch told the "Handelsblatt" (Friday edition). The company paid around €100 million per year for the counter-guarantees. This was therefore "a good deal for the federal government." Following operational and balance sheet progres…

kreiszeitung.de

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onetz.de

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The energy technology group has left its crisis so far behind that it no longer needs the German state's 2023 back-guarantees. This has positive consequences for the shareholders.

Augsburger Allgemeine

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The energy technology group has overcome its crisis to such an extent that it no longer needs the German government's guarantees issued in 2023. This has positive consequences for shareholders.