- Researchers from seven countries recognized for outstanding research
achievements and technologies
- Inventors come from all age groups and
all three Siemens companies
- Capacity for innovation remains high:
23 inventions per workday
- Investments of €4.9 billion in research
and development planned for fiscal 2021
For the 26th time, Siemens has recognized employees as Inventors of the Year to honor their outstanding research achievements. The 22 awardees from the three companies Siemens AG, Siemens Energy and Siemens Healthineers are from China, Germany, France, India, Israel, Spain and the U.S. Individual researchers as well as diverse research and development teams that work internationally were honored with the award.
- Grazia Vittadini from Airbus and
Kasper Rørsted from Adidas are being proposed to Siemens’ shareholders as new Supervisory
Board members
- Jim Hagemann Snabe to be nominated
again as candidate for Supervisory Board chair
- Proposals underscore importance of
diversity, sustainability and digitalization for Siemens’ Supervisory Board
- Election to be for a four-year term
in each case
Siemens is
proposing two candidates for election as new Supervisory Board members by its
shareholders at the Annual Shareholders’ Meeting on February 3, 2021:
Grazia Vittadini (51), Chief Technology Officer and member of the Executive
Committee at Airbus, and Kasper Rørsted (58), CEO of Adidas AG.
- Declared intermediate target for CO2 reduction achieved
- Sustainability index embedded into Managing Board compensation system
- Innovative digital ESG tool provides basis for comprehensive review of
sustainability risks in customers’ business operations
- Top ratings in Dow Jones Sustainability Index, in particular for innovation,
environment and cybersecurity
Siemens has
achieved its declared intermediate target for carbon reduction. The company has reduced the carbon footprint
of its own value chain by more than half (54%) since 2014. Siemens has thus exceeded
– by four percentage points – its goal of halving its global carbon
dioxide (CO2) emissions by
2020. Including Siemens Energy, the company has reduced its carbon emissions by
around 1.2 million tons of CO2 compared to its 2014 levels. Four
levers are being used to reduce carbon emissions: expanding the energy
efficiency program, using distributed energy systems, purchasing green power, and
reducing emissions in the vehicle fleet. Siemens intends to achieve climate
neutrality in its business operations by 2030. The company has recently published these details and other up-to-date information
on sustainability.
- At €57.1 billion, revenue at prior-year level; orders decline slightly to €60.0 billion
- At €7.6 billion, adjusted EBITA for Industrial Businesses only slightly below prior-year level; adjusted EBITA margin of 14.3 percent (FY 2019: 14.4 percent) stable at a high level
- Net income of €4.2 billion (FY 2019: €5.6 billion)
- Free cash flow up substantially to €6.4 billion (FY 2019: €5.8 billion); highest level in past ten years
- Vision 2020+ execution successfully driven
- Total dividend of €3.50 per share (FY 2019: €3.90)
- Outlook: Siemens expects moderate rise in net income for FY 2021 despite significant burdens from currency translation effects
In extremely difficult economic times, Siemens AG delivered a strong financial performance in fiscal 2020 (ended September 30), while successfully driving the Group’s historic transformation. Despite the major challenges worldwide caused by the COVID-19 pandemic, Siemens successfully completed its fiscal year with a strong fourth quarter. In appreciation of their outstanding performance during the crisis, Siemens is paying about €200 million in bonuses to its employees worldwide. Shareholders are also to participate in the company’s business success and financial strength. For this reason, the Managing Board and Supervisory Board are proposing to the Annual Shareholders’ Meeting a dividend of €3.00 plus an additional €0.50, for a total of €3.50 per share. Adjusted by ten percent to take account of the market value of the Siemens Energy spin-off, this amount is at the same level as the prior-year dividend of €3.90.
- Siemens Global Business Services’ expertise in business processes to be
combined with the Celonis Execution Management System
- Optimization of key business processes in multiple areas such as procurement,
sales, accounting and HR in operations of customers
- Focus on digitalization and operational process automation – enhanced by artificial
intelligence
Siemens Global Business Services (GBS), the provider of business processes and services within Siemens AG, and Celonis, the market leader in Execution Management Systems (EMS), have today signed a letter of intent to enter a strategic partnership. Through this collaboration, the partners aim to help customers by enabling them to optimize their internal processes even faster across all parts of their companies. By combining the best solutions from their two worlds, Siemens GBS and Celonis aim to accelerate growth for the customers.
- Worldwide COVID-related employee bonuses totaling about
€200 million
- Up to €1,000 for every employee worldwide except for senior managers
- Managing Board’s appreciation for top performance during crisis and
recognition for additional burdens caused by pandemic
- Prompt implementation planned
The Managing
Board of Siemens AG has approved a special worldwide COVID payment to all employees
except senior managers. This decision honors the workforce’s extraordinary
performance during the pandemic, which Siemens has handled excellently so far –
thanks also to its employees. The company is also making this payment to live
up to its role as a responsible employer during these special times.
- Sale for price of €2.025 billion
- Another step in executing Vision
2020+ strategy for becoming a focused technology company
- New ownership structure offers Flender
optimal growth and development opportunities
- Long-term and reliable commitments agreed
upon for Flender’s employees and German locations
The Managing
Board and Supervisory Board of Siemens AG have approved the sale of Flender GmbH
– a world-leading supplier of mechanical and electrical drive systems – to Carlyle.
The contracting parties signed a corresponding agreement today. The price is €2.025 billion (enterprise value). Siemens
recently gave its energy business independence through a public listing. By
selling Flender, the company is now promptly taking another important step in
the rigorous execution of its Vision 2020+ strategy for enabling Siemens
to become a focused technology company. Carlyle’s plans – following Flender’s successful
reorientation – are to further accelerate its growth and fully develop its
strengths through more independence and greater leeway for decisions. The sale also
makes it possible to forgo the originally planned spin-off and public listing
and thus offers a faster track to clarity for a successful future of Flender. The
transaction is expected to close in the first half of 2021 and is subject to
foreign-investment and antitrust approvals.
- Award for
outstanding interpretive recording of Piano Concerto Opus 25 by Viktor Ullmann
(1898–1944)
- Accolades
for soloist Annika Treutler, the Berlin Radio Symphony Orchestra and conductor
Stephan Frucht
- The
project aims to keep alive the memory of Viktor Ullmann in the name of the many
artists expelled and murdered under the Nazi regime
- It also
features a groundbreaking digital, multi-perspective VR media installation with
immersive sound engineering as the narrative to Ullmann’s piano concerto
The Siemens Arts
Program has launched an audiovisual art project in partnership with pianist
Annika Treutler and media artist Alexander Stublić. The project is based on
Piano Concerto Opus 25 by the composer Viktor Ullmann, who was murdered at
Auschwitz in 1944. The art project features an elaborate new 3D audio recording
of the concerto alongside a virtual reality media art installation. The music
was recorded at the RBB concert studio in Berlin in partnership with the
Deutschlandfunk Kultur radio network and performed by the Berlin Radio Symphony
Orchestra conducted by Stephan Frucht (Artistic Director of the Siemens Arts
Program).
- Sabine Reichel to leave company,
effective November 30, 2020
- Investor Relations to be assigned to
the CFO, effective October 1, 2020
Eva
Riesenhuber will head Siemens’ Investor Relations Department, effective December
1, 2020. She is succeeding Sabine Reichel, who is leaving the company for
personal reasons after the financial reporting for fiscal 2020 is complete. In
recent years, Reichel has carried significant responsibility for Siemens’ highly
successful capital-market communications, which have received multiple awards.
Just last year, she and Siemens’ Investor Relations were honored with the
German Investor Relations Award. Her successor, Eva Riesenhuber, has been
CFO and General Partner at Next47, Siemens’ global start-up unit, since 2018. As
Senior Vice President for mergers and acquisitions, she was previously responsible
for
capital-market
transactions. At the
start of the fiscal year on October 1, 2020, the company’s investor relations
function will, in addition, be transferred to Controlling and Finance, where it
will report directly to the CFO.