- Construction nearly complete by turn of the year
- Opening ceremony of new headquarters in summer of 2016
- Lighthouse project for Siemens Real Estate
Construction of the new Siemens headquarters building at Wittelsbacherplatz in Munich is now virtually complete. When it opens its doors in 2016, the building will provide a modern, inspiring work environment for up to 1,200 employees on roughly 45,000 square meters of above-ground floor space. Environmental friendliness and energy efficiency are playing a key role: the new building will meet the world's highest sustainability standards.
- Percentage of women at top two management levels to be increased
- Percentage of women on Siemens' Managing Board – currently two of seven members – to be at least maintained
- Quota of 30 percent women on the Supervisory Board already fulfilled
Siemens AG intends to further increase the percentage of women in its top management positions. For both of the company's top two management levels in Germany, the share is to be raised to 10 percent by the end of June 2017. For the company's Managing Board, the Siemens Supervisory Board has set the target of at least maintaining the status quo until June 30, 2017. Two women – Lisa Davis and Janina Kugel – are currently members of the seven-member Managing Board. With six female members – Bettina Haller, Nicola Leibinger-Kammüller, Güler Sabancı, Birgit Steinborn, Nathalie von Siemens and Sibylle Wankel – the Supervisory Board of Siemens AG already fulfills the statutory gender quota of 30 percent women.
- Company provides practical support and donations totaling around €2 million
- Paid leave of up to five days a year for voluntary helpers with certain qualifications
- Internships to be offered at additional locations
- Establishment of special classes for refugees planned
- Further facilities to be made available for enabling municipalities to provide accommodations to refugees
Together with its employees, Siemens is launching a multi-stage, long-term program for integrating refugees in Germany. For this purpose, the company is quickly providing donations worth a total of €1 million. This will be supplemented by practical support worth an equivalent amount.
- CO2 emissions to be cut 50 percent as early as 2020
- €100 million investment in improving energy efficiency
- Annual savings of €20 million expected
Siemens aims to be the world's first major industrial company to achieve a net-zero carbon footprint by 2030. The company plans to cut its carbon dioxide (CO2) emissions – which currently total about 2.2 million metric tons a year – in half by as early as 2020. To achieve these goals, Siemens will invest some €100 million over the next three years in order to reduce the energy footprint of its production facilities and buildings.
- 10,661 of 12,000 outstanding warrants will be furnished with option rights exclusively relating to Siemens shares
- The transaction will result in additional option rights relating to roughly 960,000 Siemens shares
Siemens has accepted the exchange offers submitted by institutional investors of bonds with warrants issued in 2012. The exchange offer started on August 26, 2015, and expired on September 11, 2015. In total, Siemens has accepted for exchange 5,236 warrants of the 2019 tranche and 5,425 warrants of the 2017 tranche. The financial result of the exchange is a replacement of option rights relating to Osram shares incorporated in these warrants with option rights to additional Siemens shares. Each new warrant gives a holder the right to subscribe to 1,902.0024 Siemens shares against payment of the exercise price of €187,842.81. This corresponds to an additional 90.0675 Siemens shares per warrant. The old warrants submitted for exchange will be cancelled.
- Recognized with top marks in nine categories in the Dow Jones Sustainability Index
- Company scores 90 out of 100 points
Siemens has again been recognized as one of the most sustainable companies in its industry. Each year, the investment company RobecoSAM compiles the Dow Jones Sustainability Index (DJSI) – the world's most renowned ranking of its kind – for Dow Jones, a provider of financial market indices. In this year's DJSI, Siemens ranks among the leaders by taking second place in the Industrial Conglomerates area, which comprises 43 companies, including General Electric, 3M, Philips and Toshiba.
- Offer addressed to institutional investors in the bonds with warrants issued in February 2012 with a volume of US$3 billion
- High complexity of warrants since Osram spin-off can be eliminated.
Siemens is inviting institutional investors in the bonds with warrants issued in February 2012 to participate in an exchange offer. Since the effective date of the Osram spin-off in July 2013, the warrants entitle their holders to receive, upon exercise, Siemens shares and additionally shares of Osram Licht AG. As a result, the warrants are now more complex for both investors as well as Siemens. The exchange offer aims to allow the involved parties to again furnish the warrants ‒ in accordance with their terms and conditions for the rest of their lifetime ‒ with subscription rights exclusively relating to Siemens shares.
- Third-quarter orders up 4% year-over-year, at €19.9 billion, including a €1.6 billion order in Mobility; excluding currency translation and portfolio effects, orders down 5%
- Revenue 8% higher at €18.8 billion, for a book-to-bill ratio of 1.05; revenue 3% lower on a comparable basis
- Industrial Business profit level, at €1.8 billion; strong improvements in Energy Management and Healthcare largely offset by a decline in Power and Gas
- Net income at €1.4 billion; basic earnings per share (EPS) increased to €1.65, up from €1.62 in Q3 FY 2014
- At the end of the quarter, the Power and Gas Division closed its acquisition of Dresser-Rand, substantially expanding its offerings for the oil and gas industry and distributed power generation
"Overall our businesses delivered solid underlying profitability despite a softening market environment. We expect to maintain our momentum with a strong closing quarter for fiscal 2015."
Jürgen Brandes (54) has been appointed CEO of Siemens’ Process Industries and Drives Division, effective October 1, 2015. He will succeed Peter Herweck (48), who is leaving the company at the end of the fiscal year. Brandes has been at Siemens for 25 years and is currently CEO of the company’s Mobility Management Business Unit. He previously held a variety of positions in Siemens’ automation and drives technology business both in and outside Germany.
- Acquisition of Dresser-Rand to close for US$7.8 billion by end of June
- Dresser-Rand shares to be delisted
- Vincent Volpe to head the new Dresser-Rand business at Siemens through transition
The EU Commission has unconditionally approved Siemens' acquisition of Dresser-Rand. All regulatory approvals required to complete the transaction have thus now been obtained. Siemens plans to close the transaction by the end of June 2015. Siemens will pay all Dresser-Rand shareholders US$85.20 per share. The purchase price comprises the offer of US$83 per share plus a time-dependent ticking fee totaling US$2.20 per share for the months of March to and including June 2015. The overall consideration for acquiring all outstanding Dresser-Rand shares including the assumption of outstanding financial debt of US$1.2 billion is about US$7.8 billion.