Siemens Aktiengesellschaft / Miscellaneous
05.11.2008
Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Siemens AG will accrue a provision in the amount of approx. 1 billion in
fiscal 2008 in connection with the settlement being sought by the company
with authorities in Germany and the United States. This current estimate is
based on the status of ongoing discussions being held between the company
and authorities in Germany and the U.S. The company will make no further
comments on the ongoing proceedings.
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Information and Explaination of the Issuer to this News:
Disclaimer
This document contains forward-looking statements and information that
is, statements related to future, not past, events. These statements may be
identified by words such as 'expects,' 'looks forward to,' 'anticipates,'
'intends,' 'plans,' 'believes,' 'seeks,' 'estimates,' 'will,' 'project' or
words of similar meaning. Such statements are based on our current
expectations and certain assumptions, and are, therefore, subject to
certain risks and uncertainties. A variety of factors, many of which are
beyond Siemens control, affect our operations, performance, business
strategy and results and could cause the actual results, performance or
achievements of Siemens to be materially different from any future results,
performance or achievements that may be expressed or implied by such
forward-looking statements. For us, particular uncertainties arise, among
others, from changes in general economic and business conditions (including
margin developments in major business areas); the challenges of integrating
major acquisitions and implementing joint ventures and other significant
portfolio measures; changes in currency exchange rates and interest rates;
introduction of competing products or technologies by other companies; lack
of acceptance of new products or services by customers targeted by Siemens;
changes in business strategy; the outcome of pending investigations and
legal proceedings, especially the corruption investigation we are currently
subject to in Germany, the United States and elsewhere; the potential
impact of such investigations and proceedings on our ongoing business
including our relationships with governments and other customers; the
potential impact of such matters on our financial statements; as well as
various other factors. More detailed information about certain of these
factors is contained throughout this report and in our other filings with
the SEC, which are available on the Siemens website, www.siemens.com, and
on the SEC's website, www.sec.gov. Should one or more of these risks or
uncertainties materialize, or should underlying assumptions prove
incorrect, actual results may vary materially from those described in the
relevant forward-looking statement as expected, anticipated, intended,
planned, believed, sought, estimated or projected. Siemens does not intend
or assume any obligation to update or revise these forward-looking
statements in light of developments which differ from those anticipated.
Siemens Investor Relations
Christof Schwab
Tel.: +49 89 636 32677
Fax.: +49 89 636 32830
christof.schwab@siemens.com
DGAP 05.11.2008
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Language: English
Issuer: Siemens Aktiengesellschaft
Wittelsbacherplatz 2
80333 München
Deutschland
Phone: +49 (0)89 636-00
Fax: +49 (0)89 636-32908
E-mail: investorrelations@siemens.com
Internet: www.siemens.com
ISIN: DE0007236101
WKN: 723610
Indices: DAX, EURO STOXX 50
Listed: Regulierter Markt in Berlin, Frankfurt (Prime Standard),
Hannover, München, Hamburg, Düsseldorf, Stuttgart;
Terminbörse EUREX; Foreign Exchange(s) London, NYSE, SWX
End of News DGAP News-Service
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DGAP-Adhoc: Siemens AG: Siemens accrues a provision in connection with ongoing settlement negotiations
| Source: EQS Group AG