- 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+."
- Solution enables up-to-date, as-operated digital twins − synchronizing the real plant and its engineering representations − for more efficient process plant operations
- Integration of different kinds of data sources to create holistic digital context for aligned digital components
Siemens and Bentley Systems announced today the introduction of PlantSight, resulting from development together based on their highly complementary software portfolios. PlantSight is a digital solution to benefit customers through more efficient plant operations. PlantSight enables as-operated and up-to-date digital twins which synchronize with both physical reality and engineering data, creating a holistic digital context for consistently understood digital components across disparate data sources, for any operating plant. Plant operators benefit from high trustworthiness and quality of information for continuous operational readiness and more reliability.
- Orders increased 13% on a comparable basis, excluding currency translation and portfolio effects, and revenue grew 2% compared to Q1 FY 2018
- On a nominal basis, orders rose 12%, to €25.2 billion and revenue was up 1%, to €20.1 billion; the book-to-bill ratio was 1.25
- Adjusted EBITA for Industrial Business was lower, at €2.1 billion, due mainly to a decline in Power and Gas; Industrial Business Adjusted EBITA margin at 10.2%, held back by severance charges amounting to 0.4 percentage points
- Net income came in at €1.1 billion, resulting in basic EPS of €1.26, which was burdened by €0.08 from severance charges; the change year-over-year is due to two substantial positive factors outside of Industrial Business in the prior-year period: a gain from the sale of shares in OSRAM Licht AG and sharply lower income tax expenses related to U.S. tax reform
"Our continued high order growth underlines the customer confidence in the performance of our company. There is still much to do before we achieve industry-leading margins in all our businesses."
- New Simatic MindApps for the open IoT operating system MindSphere
- Machine Monitor: Transparency for status and performance of machines
- Notifier: Message distributions from machines and access to alarm data
- Performance Monitor: Availability and productivity of the manufacturing facility
Siemens is launching a number of new apps concerning automation with Simatic systems. The new Simatic MindApps Machine Monitor, Notifier and Performance Monitor are special applications for MindSphere, the open IoT operating system from Siemens. These apps will enable users to make easy use of the advantages of cloud-based services and generate added value. The Simatic MindApps read out relevant data for analysis purposes, for example, from production machines or systems, then process them to create meaningful information, display them on dashboards, or use them for intelligent alerting and messaging.
- Siemens Mobility will manage contract from the Singapore MindSphere Application Center
- Rail Enterprise Asset Management System to enhance availability
Siemens Mobility and consortium partner ST Engineering Electronics Limited have been awarded an 18.8 million Singapore dollars contract by the Singapore Land Transport Authority (LTA) to develop and implement a Rail Enterprise Asset Management System (REAMS). This digital program will be managed from the MindSphere Application Center in Singapore, one of Siemens' digitalization hubs. The facility was the first to integrate multi-disciplinary digitalization specialists from different Siemens businesses.
- Revenue was €20.1 billion, nearly unchanged from Q2 FY 2017, and orders were also strong at €22.3 billion, 2% below the high basis of comparison a year earlier which included a substantially higher volume from large orders; the book-to-bill ratio was 1.11
- On a comparable basis, excluding currency translation and portfolio effects, revenue was level and orders declined by 1%
- Industrial Business profit of €2.3 billion and Industrial Business profit margin of 11.0%; strong performance led by Digital Factory, held back by a sharp decrease in profit and profitability at Power and Gas
- Net income of €2.0 billion included a €0.7 billion profit from Centrally managed portfolio activities; basic earnings per share (EPS) increased to €2.39, up from €1.75 in Q2 FY 2017
- The successful initial public offering (IPO) of Siemens Healthineers AG included the float of a 15% interest in the business
"Most of our businesses, primarily our digital offerings, showed impressive performance and operationally more than offset structural challenges in fossil power generation. By raising our guidance, we demonstrate our commitment to the company’s capability to master structural change and shape digital industry."
- On a comparable basis, excluding currency translation and portfolio effects, orders rose 21% and revenue was level with the prior-year period
- On a nominal basis, orders climbed 16% to €22.8 billion driven by a higher volume from large orders, while revenue came in at €20.5 billion, 4% lower than the prior-year quarter due primarily to currency translation effects; the book-to-bill ratio was 1.11
- Industrial Business profit was up 2% at €2.2 billion and Industrial Business profit margin was 10.7%; excellent performance by Digital Factory and improvements in many Divisions partly offset by a sharp decrease in profit and profitability at Power and Gas
- Net income of €1.2 billion was held back by substantially higher income tax rate compared to Q3 FY 2017, which also benefited from positive effects in Centrally managed portfolio activities; basic earnings per share (EPS) of €1.36 compared to €1.67 in Q3 FY 2017
"Our global team delivered a strong quarter, highlighted by outstanding order intake, outperforming the market. We diligently address our opportunities and challenges going forward," said Joe Kaeser, President and Chief Executive Officer of Siemens AG.
- Integration of location data in building systems and processes
- More comfort and safety for building users and operators
- Partnership with indoor positioning expert infsoft
The Siemens Building Technologies Division is adding location-based services to its digital service offering for buildings. These services link existing building infrastructures and processes with location-specific data. This benefits all building users: People working in the building enjoy enhanced comfort. For example, they are now able to use a smartphone app to individually control the room temperature and lighting in their immediate vicinity or find and reserve an available meeting room nearby. Location-based services help visitors find their way around a building more quickly and obtain the information they need. In addition, these services dramatically improve the operational processes in a building, optimizing room utilization, simplifying emergency evacuations and making building maintenance more efficient. Beyond that, it is easier to protect assets against loss or theft, take inventory and locate them at any time. This is important, for instance, to quickly find mobile medical equipment in a hospital.
- Orders rose 14% to €22.5 billion and revenue was up 3% at €19.8 €billion, including strong growth contributions from Mobility and Digital Factory and new business particularly resulting from the merger of Siemens' wind power business with Gamesa Corporación Tecnológica, S.A.
- Book-to-bill ratio rose to reach 1.13, the highest ratio since booking of large Egypt orders in Q2 FY 2016
- On a comparable basis, excluding currency translation and portfolio effects, orders increased 7% and revenue grew 1%
- Industrial business profit at €2.2 billion, down 14% due mainly to a sharp decline in Power and Gas which more than offset excellent performance in the short-cycle businesses and Mobility; current quarter impacted by negative currency effects while Q1 FY 2017 benefited from a portfolio gain; Industrial business profit margin at 11.0%
- Net income rose 12% to €2.2 billion; the current period included a largely tax-free gain from the sale of shares in OSRAM Licht AG and benefited from sharply lower income tax expenses due mainly to the revaluation of future tax positions following U.S. tax reform; basic earnings per share (EPS) increased to €2.68 from €2.41 in Q1 FY 2017
"The first quarter underlines the strength of our company. We take advantage of the growth momentum of the global economic upturn and set benchmarks in industrial digitalization. We clearly understand our opportunities and we know what we have to do."
- Digitalization check: transparency of the digitalization capability of the machine park
- Virtual commissioning for OEM: faster commissioning and shorter time-to-market for machines
- Retrofit services for machine tools: economical retrofit measures instead of new investment
At the EMO 2017 in Hannover, Siemens is exhibiting new and expanded digital and classic Services for the machine tool industry – with new capabilities for identifying and exploiting additional productivity potential for machine tools. Machine tool operating companies use the new Digitalization Check as a Service from the portfolio of Manufacturing IT Services to create transparency of the digitalization capability of the machine park. With Virtual Commissioning as a Service, machine manufacturers (OEMs) use a virtual twin to significantly speed up both commissioning and time-to-market.