At its meeting today, the Supervisory Board
of Siemens AG decided to renew the appointment of Managing Board member Ralf P.
Thomas (60). The term of the company’s chief Financial Officer of Siemens AG
will run until December 14, 2026.
- Revenue was €14.2 billion, nearly level with the same quarter a year ago, as increases at Siemens Healthineers and Mobility offset a decline at Digital Industries; orders declined 8%, to €15.1 billion, on sharply lower volume from large orders at Mobility
- On a comparable basis, excluding currency translation and portfolio effects, revenue declined 1% and orders came in 9% lower; the book-to-bill ratio of 1.06 remained well above one
- Adjusted EBITA Industrial Businesses was significantly lower at €1.6 billion, with all industrial businesses showing effects from the COVID-19 pandemic; Adjusted EBITA margin Industrial Businesses of 12.1% was held back also by severance charges of €0.2 billion, taking 1.2 percentage points
- Net income, including a loss of €0.3 billion from discontinued operations, was €0.7 billion compared to €1.9 billion in Q2 FY 2019, which benefited from income of €0.2 billion from discontinued operations as well as a lower tax rate; basic earnings per share (EPS) declined to €0.80
- Given the current situation, we can no longer confirm our original guidance for fiscal 2020; for our new guidance, see page 5 of this document
At the end of the second quarter of fiscal 2020, Gas and Power and Siemens Gamesa Renewable Energy (SGRE) were classified as held for disposal and discontinued operations. Prior-period amounts are presented on a comparable basis.
- Services support first use of Siemens H-class turbine in an aluminum smelting facility globally
- Siemens' first long-term service agreement in the UAE for an H-class turbine
- Power services will ensure reliable operations for stable power production
Emirates Global Aluminum (EGA), the world's largest 'premium aluminum' producer, and Siemens announced the first power services agreement for an H-class gas turbine in the United Arab Emirates (UAE). With the new 20-year service agreement, Siemens will provide maintenance and repairs as well as onsite personnel support for the gas turbine and its generator at the planned over 600-megawatt (MW) combined cycle project feeding EGA's Jebel Ali power plant in Dubai.
- F-class
gas turbines, steam turbine, generators, and main transformers
- Power Diagnostics Services for optimized performance
- Power supply for more than three million Iraqis
Siemens has received an order to supply the key components and long-term power generation services for the 840-megawatt (MW) Maisan combined cycle power plant in Iraq. CITIC Construction Co., Ltd., the Chinese engineering procurement and construction firm building the plant, and Iraqi developer MPC, part of Raban Al-Safina for Energy Projects (RASEP) awarded the contract valued at more than EUR 280 million to Siemens. The independent power project is expected to deliver first power by March 2021 and enter full combined cycle mode by early 2022. The plant will supply sufficient electricity to meet the needs of more than three million Iraqis, while also supporting the industrial sector.