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Press Event, updated07 May 2014Siemens AGBerlin

Siemens' Strategic Realignment and Second Quarter Results Fiscal Year 2014

Berlin, 07 May 2014

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The strategic realignment will enable Siemens to focus on growth fields in electrification, automation and digitalization. The organization will be streamlined. Employee participation in the company's success will intensify.

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The press and analyst conference regarding Siemens' strategic realignment and the financial figures for the second quarter 2014 was broadcast live.

Press Releases regarding strategic realignment

Press Release07 May 2014

Siemens – Vision 2020

Focus on growth fields along the electrification, automation and digitalization
Acquisition of Rolls-Royce gas turbine and compressor business, joint venture for Metals Technologies and public listing of audiology set the course
New organization with flatter structures – Sector level eliminated
Greater employee participation in company success – Siemens to make up to €400 million available annually depending on company performance
Launch of share buyback of up to €4 billion upcoming

Press Release07 May 2014

Siemens and Mitsubishi Heavy Industries form joint venture for metals industry

Strong partners with complementing technological competencies found joint venture
Existing regional organizations ideally complement one another
Structures tailored to global market requirements and the international competitive environment

Press Release06 May 2014

Siemens to acquire the Rolls-Royce Energy gas turbine and compressor business and enter into a long-term technology partnership

Siemens completes portfolio with aero-derivative gas turbines for growth in the oil and gas and decentralized power generation sec...
Purchase price for the acquired business is £785 million or about €950 million
Transaction expected to close before the end of December 2014

Press Release06 May 2014

Siemens names future management team

As part of its realignment, Siemens AG has named its future management team. The Supervisory Board of Siemens AG has appointed Lis...

Press Release06 May 2014

Siemens prepares public listing of audiology business

As part of its realignment, Siemens AG is preparing to publicly list its audiology activities in order to give the business an opp...

Press Releases Q2

Press Release07 May 2014

Earnings Release Q2 FY 2014: Mixed Performance, Outlook Confirmed

Second-quarter revenue was 2% lower year-over-year. On an organic basis, excluding currency translation and portfolio effects, rev...
Orders declined 13% compared to the prior-year period which included a substantially higher volume from large orders. On an organi...
Total Sectors profit rose 16%, to €1.566 billion, highlighted by a strong profit increase in Infrastructure & Cities, and income f...
Net income for the second quarter rose 12% year-over-year, to €1.153 billion, and basic earnings per share (EPS) increased to €1.3...
Free cash flow from continuing operations was €1.390 billion, up slightly from €1.360 billion in the second quarter a year earlier...

Press Release07 May 2014

Mixed performance, outlook confirmed

Net income climbs 12 percent to €1.2 billion
Revenue rises one percent, new orders decline ten percent (on comparable basis)
Book-to-bill at 1.06 – record order backlog of €103 billion
Order and revenue growth weakened by strong euro

Event Pictures: Combined Semiannual Press and Analyst Conference 2014

Siemens AG will focus in the future on three value chains – electrification, automation and digitalization. Siemens President and CEO Joe Kaeser made this announcement in Berlin on May 7, 2014. In October 2014, as part of the company's new Vision 2020 strategic alignment, the Sector level will be eliminated and business bundled into nine instead of the current 16 Divisions.