- 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.
- Efficient and future-proof maintenance with Predictive Services for Drive Systems
- New Mindsphere Predictive Service Assistance app provides digital support for the service portfolio, while also offering transparency and streamlined ordering processes
- Predictive Services for Drive Systems for increased productivity and reduced downtimes for machines and plants
With Predictive Services for Drive Systems, Siemens presents a standardized extension to the local service agreement at this year’s SPS. This is based on the new Mindsphere Predictive Service Assistance app. It makes maintenance more efficient for Sinamics drive systems and/or Simotics motors in the low voltage range.
- 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.
- Diverse suite of financial solutions provide necessary capital to expand growing energy storage sector
- Granting customers access to a combination of proven, bankable energy storage solutions with tailored financing
- Leasing and project finance options for qualified projects using Fluence's industry-leading trio of energy storage platforms
Siemens Financial Services (SFS) and Fluence, a Siemens and AES company, announce a comprehensive financing program to support customers in their investments in energy storage solutions. The new financing program will offer customers leasing and project finance options for qualified projects using Fluence's industry-leading trio of energy storage platforms. Fluence's combination of unmatched energy storage experience, proven technical solutions, and the availability of tailored financial solutions will further drive down the total system costs of energy storage and accelerate the growth of this dynamic segment of the power market, estimated by Bloomberg New Energy Finance (BNEF) to be a $100 billion market opportunity by 2030.
- Orders grew 6%, to €23.6 billion, and revenue rose 4%, to €20.9 billion, for a book-to-bill ratio of 1.13 and record high order backlog of €142 billion
- On a comparable basis, excluding currency translation and portfolio effects, orders increased 4% and revenue was up 2% compared to Q2 FY 2018
- Adjusted EBITA for Industrial Business climbed 7% to €2.4 billion, with most businesses increasing their performance; Industrial Business Adjusted EBITA margin reached 11.4%, even with severance charges taking 0.3 percentage points
- Net income reached €1.9 billion, near the prior-year level which benefited substantially from a €0.7 billion Adjusted EBITA from Centrally managed portfolio activities; the current period benefited from a lower income tax rate, and basic EPS of €2.24 was burdened by €0.08 from severance charges
"We delivered on our promises again this quarter, and even exceeded expectations in many areas. Now, we enter into a new era to become an even stronger and more focused Siemens."
- Project includes six SGT-A35 aeroderivative offshore gas turbine packages
- Contract includes a long-term service agreement
Siemens Power and Gas, including its Dresser-Rand business, received an order for four SGT-A35 gas turbine power generation packages and two SGT-A35-driven DATUM CO2 compressor packages for MODEC's Sépia floating production, storage, and offloading (FPSO) vessel. The vessel, which is named "FPSO Carioca MV30," will be deployed at the Sépia field operated by Petrobras, located in the giant "pre-salt" region of the Santos Basin approximately 250 kilometers (155 miles) off the cost of Rio de Janeiro, Brazil. In addition, Siemens will provide long-term expert service and maintenance for the supplied components.
- 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+."