- Siemens building technologies to be integrated across the Expo 2020 Dubai site, powered by and integrated into MindSphere
- 137 buildings will be connected via cloud-based energy analytics platform; one of the world's largest installations of Siemens Navigator
- Buildings in three Thematic Districts will be digitalized with smart building management system, Desigo CC
- Digitalized infrastructure will support Expo 2020 Dubai in meeting sustainability, comfort, safety and security targets
Dubai is on its way to creating one of the most connected and sustainable World Expos in history, as Siemens begins one of the world's largest installations of its building technologies at Expo 2020 Dubai. The digital solutions will connect, monitor and control buildings across the site with MindSphere, the cloud-based operating system for the Internet of Things, powering the collection and analysis of data for intelligent decision-making and actions. The smart technologies will support Expo 2020 Dubai's targets for energy efficiency, comfort, safety and security.
- Managing Board and Supervisory Board approve change as of January 1, 2015
- Current CEO Johannes Milde to continue serving in advisory capacity for some time to come
Siemens' Building Technologies Division will have a new CEO on January 1, 2015. Matthias Rebellius (49) is succeeding Johannes Milde (61), who is resigning as Division CEO at the end of this year. Milde will continue to support the company for some time to come.
Additive manufacturing has the potential to become a new key technology. For example it opens up new attractive prospects in the manufacture of gas turbines. This is why Siemens has been investing in this innovative technology right from its inception, and is now driving the industrialization and commercialization of these processes. Additive Manufacturing is a process that builds parts layer-by-layer from sliced CAD models to form solid objects. This enables highly precise solutions to be formed from powdered high-performance materials. Siemens is a pioneer in Additive Manufacturing and already uses the technology for rapid prototyping. Furthermore the company is now developing solutions ready for series-production for manufacturing gas turbine burner nozzles and repairing burner heads. Just recently Siemens achieved yet another breakthrough: the first gas turbine blades ever to be produced using Additive Manufacturing have successfully finished performance testing under full-load conditions.
The Supervisory Board of Siemens AG has extended the appointment of Managing Board member Lisa Davis (55) ahead of schedule. Her term of office will now continue until the end of October 2020. This move is a sign of continuity in the context of the implementation of the company's new Vision 2020+ strategy program. Her contract will subsequently extend automatically by one year until the end of October 2021, provided that neither Lisa Davis nor the Supervisory Board objects.
The digital transformation of the producing industry is gaining momentum. Companies from a wide variety of industries are already unlocking this potential – they are using end-to-end digitalization to create a lasting competitive edge by reducing time to market and increasing flexibility, efficiency, and quality. With Siemens Digital Enterprise solutions the technical prerequisites for the implementation of Industrie 4.0 are available and can be deployed in every application and companies of all sizes. At the SPS IPC Drives in Nuremberg, Germany, from November 27 to 29, 2018 – which took place this year under the motto "Digital Enterprise – Implement now" – Siemens showed in hall 11 how this can be done.
- Inventors come from Germany, Austria, France, Norway, Poland, India, China, Mexico and the U.S.
- 33 inventions per day in fiscal 2018
Siemens has honored 12 particularly resourceful researchers as Inventors of the Year 2018. Together, these scientists are responsible for some 590 inventions and 589 individual patents. Two of the inventors are from Germany, three from Austria and one each from Norway, France, Poland, Mexico, China, India and the United States. Their inventions range from new software that revolutionizes component design with 3D printing to an ingenious window coating that significantly improves the reception of cellular communication signals in trains.
- Siemens to supply 19 net-gas, off-gas and recycle gas compressors for crude flexibility project
- The project will enable the refinery to process up to 420,000 barrels per day of offshore crude oil
Siemens was recently selected to provide 19 process reciprocating compressors for ADNOC Refining’s crude flexibility project at Ruwais Refinery-West. The project is intended to increase the refinery’s crude processing flexibility, enabling the site to process up to 420,000 barrels of oil per day of the local crude grade known as Upper Zakum, which is found offshore. The upgrade will improve the value of each barrel of oil and allow ADNOC to export more of its main onshore, lighter-grade Murban crude.
Siemens has honored 12 particularly resourceful researchers as Inventors of the Year 2018. Together, these scientists are responsible for some 590 inventions and 589 patents. Two of the inventors are from Germany, three are from Austria, one is each from Norway, France, Poland, Mexico, China, India and the United States. Every year since 1995, Siemens has been presenting this award to its outstanding researchers and developers whose inventions have made major contributions to the company's strong performance. Since 2016, this award has also been presented to researchers from outside the company. In fiscal 2018, Siemens filed around 3,850 patents worldwide – an increase of 200 patents over the previous year. Worldwide, Siemens holds about 65,000 patents. In fiscal 2018, Siemens employees submitted about 7,300 invention disclosures. On a basis of 220 workdays during the year, this figure corresponds to about 33 inventions per day.
- On a comparable basis, excluding currency translation and portfolio effects, orders rose 8% and revenue increased 2%, with the majority of the industrial businesses contributing to growth
- On a nominal basis, orders rose 6%, to €91.3 billion; revenue was up slightly at €83.0 billion; the book-to-bill ratio was 1.10
- Industrial Business profit came in lower, at €8.8 billion, as profit increases in most industrial businesses did not fully offset sharply lower profit at Power and Gas
- Industrial Business profit margin excluding severance charges of 11.3%, clearly in the guidance range of 11% to 12%; profit margin including severance charges of €0.8 billion was 10.4% with most industrial businesses within or above their target ranges
- Net income up slightly at €6.1 billion; basic earnings per share (EPS) of €7.12; excluding severance charges, basic EPS at €7.88, well within the guidance range of €7.70 to €8.00
- Free cash flow rose to €5.8 billion, up 22% year-over-year
- Siemens proposes to raise the dividend €0.10 per share, to €3.80 per share
- Successful completion of share buyback program initiated in November 2015 with a volume of €3.0 billion; new share buyback program announced with volume up to €3.0 billion until November 2021
"We again delivered what we promised and fully reached our guidance which we raised at mid-year. This shows the strength of our global team which competed convincingly in both growth markets and difficult environments, and achieved another strong performance. In fiscal 2019 we will give our businesses even greater entrepreneurial freedom, and lay the foundation for execution of Vision 2020+."
- Volume of up to €3 billion
- Share buyback to be executed by November 15, 2021
Siemens announced a new share buyback program today. The new buyback, with a volume of up to €3 billion, is to be executed in the period ending on November 15, 2021.