- US$7.75 billion with maturities of 3, 5, 7, 10 and 30 years
- Demand two-and-a-half times the planned issue volume
- Broad investor base, mainly in the U.S.
- Rating agencies continue to give Siemens high credit rating
Siemens has successfully placed its largest bond issuance to date. It was the company's second bond placement on the U.S. capital market, with the first having been nine years ago. In a transaction that ended yesterday, Siemens issued bonds with a total value of US$7.75 billion and maturities of three, five, seven, ten and 30 years. Due to the very high demand, the company obtained very favorable interest-rate conditions for all maturities. Investor demand was two-and-a-half times the originally planned issue volume of US$7 billion. At the time of price fixing, the interest rate premium over comparable U.S. government bonds averaged 14.5 basis points below the initial indication at the beginning of the issuance.
- The Enel power company and Siemens build a smart grid
- Siemens makes Libeskind sculptures possible
During Expo 2015 in Milan, Italy, Siemens is serving as the strategic partner to Enel for delivering the intelligent grid technology that supplies the world's fair with electricity. For Italy's largest power company, Siemens developed the energy management capabilities for this smart grid. Siemens software makes it possible to monitor and optimize power consumption for the entire Expo grounds from a computer screen at the control center – or from anywhere via smartphone. This also includes the lighting and air conditioning at the national pavilions. In addition, Siemens is enhancing the world's fair grounds with international art: Four monumental sculptures commissioned by Siemens and designed by Daniel Libeskind Studio were installed at the Piazza Italia, a central promenade.
- Second-quarter orders up 16%, to €20.8 billion, including large orders in the rail business; on a comparable basis, excluding currency translation and portfolio effects, orders up 7%
- Revenue 8% higher at €18.0 billion, for a book-to-bill ratio of 1.15; revenue flat on a comparable basis
- Industrial Business profit 5% lower, at €1.7 billion, due largely to Power and Gas as expected
- Net income of €3.9 billion, including €1.6 billion, €1.4 billion and €0.2 billion, respectively, on the sale of the hearing aid business, Siemens' stake in BSH Bosch und Siemens Hausgeräte GmbH (BSH) and the hospital information business; resulting in basic earnings per share (EPS) of €4.70
"For business volume, we performed well in our markets. The profitability of our Industrial Business shows that we must still improve some businesses."
- Siemens on track to reach targets for fiscal 2015 in an increasingly difficult environment
- Agreement reached with employee representatives in Germany regarding measures to sustainably reduce overhead cost base by €1 billion by 2016
- Power and Gas Division seeks long-term improvement in profitability within a consolidating environment
- Restructuring of underperforming businesses initiated
- Structural reorganization of company largely completed
- Focus on growth, innovation and continuous profitability improvement
One year after presenting its Vision 2020, Siemens is on track with the implementation of its concept for the company's strategic realignment. As announced, Siemens has informed its Supervisory Board and the relevant committee of employee representatives regarding the next steps planned in order to improve the company's profitability. These steps include measures to improve profitability at the Power and Gas Division's power generation business as well as a bundle of additional measures for restructuring chronically low-profit businesses. "With the initiation of these measures, the company's structural reorganization has been completed for the most part," said Joe Kaeser, President and CEO of Siemens AG.
- Thomas Schaffer named CFO of Process Industries and Drives Division
- Michael Sen to leave the company
Thomas Rathmann (50) has been appointed Chief Financial Officer in the Executive Management of Siemens Healthcare GmbH for the launch of the new company, in which Siemens' separately managed healthcare business will be located as of May 1, 2015. He will succeed Michael Sen (46) as CFO of Siemens' healthcare activities. Mr. Sen is leaving Siemens at his own request.
- Themed guided tours of Hannover Messe stopping at the main Siemens booth in Hall 9
- CEO2You platform offers students chance to converse with Siemens Management members
- Tec2You Patron Johanna Wanka, Federal Minister for Education and Research, to visit the fair
Siemens will be enabling around 1,000 students from 35 Siemens partner schools from around Germany to take part in the Tec2You young technology talent initiative at the Hannover Messe 2015. The scheme will allow youngsters between the ages of 15 and 18 to take part in guided tours of the fair grounds and the main Siemens booth in Hall 9. The tours will start out from the Siemens Tec2You booth in Hall 11/D. By providing workshops, interactive guided tours and the opportunity to talk face to face with CEOs, Siemens is offering the youngsters an introduction to the world of engineering and opening up the prospect of interesting potential career paths. As one of Germany's biggest training enterprises, Siemens opens up global perspectives to trainees and students on cooperative study programs, providing them with wide-ranging skill sets. Overall, the Tec2You scheme is expecting to welcome around 10,000 school students to this year's Hannover Messe.
- Siemens implements state-of-the-art material handling system (MHS) at Al Maktoum International Airport, Dubai World Central (DWC)
- Throughput of 700,000 tons of cargo per year in the initial phase with expansion plans for additional 300,000 tons
- In parallel, Siemens extends the Cargo Mega Terminal for Emirates at Dubai International (DXB)
Siemens Logistics and Airport Solutions has equipped the new cargo terminal at Al Maktoum International Airport, Dubai World Central (DWC), with a state-of-the-art material handling system (MHS). The new home of Emirates SkyCargo's freighter fleet was successfully started up in several phases. "Our partnership with Siemens is a testimony to our commitment to create and deliver industry-leading air cargo solutions," said Nabil Sultan, Emirates Divisional Senior Vice President, Cargo. "We develop constantly the nuances of our services and our innovative products – ensuring that we remain creative and efficient. The new MHS will not only help us meet our customers' needs but enhance SkyCargo's overall operational performance through providing top solutions also in niche markets."
- Technical milestone: five times more powerful than comparable motors
- Larger electrically powered aircraft now a real possibility
Siemens researchers have developed a new type of electric motor that, with a weight of just 50 kilograms, delivers a continuous output of about 260 kilowatts – five times more than comparable drive systems. The motor has been specially designed for use in aircraft. Thanks to its record-setting power-to-weight ratio, larger aircraft with takeoff weights of up to two tons will now be able to use electric drives for the first time.
- Around 78,000 employees in 63 countries profit from this year's share allocation as part of the Share Matching Plan
- President and CEO Joe Kaeser hands over two-millionth matching share
- Growing number of employee shareholders at Siemens
A growing number of Siemens employees are becoming shareholders of their company: Worldwide, around 144,000 of the 343,000 active company employees are also company shareholders. Since the Siemens Share Matching Plan was introduced in 2009 as an extra incentive to buy shares, the number of employee shareholders has climbed by more than half from 92,000 at the plan's start. With the Share Matching Plan, employees who buy Siemens shares as part of the company's share plans receive one additional share for every three shares they hold for three years. This year, Siemens issued around 549,000 matching shares worth roughly €52 million. This marked a 25-percent increase over the previous year's total of 440,000 shares.
Effective as of March 15, 2015, Willi Meixner (50) will be appointed as the CEO of the Power and Gas Division as the successor to Roland Fischer (52), who left Siemens at his own request. Up to now, Meixner served as the CEO of the Distributed Generation and Compressors business unit and thus was responsible for service business for compressors, steam turbines and small gas turbines used primarily in the oil and gas industry. He has worked for more than 20 years in various positions in the power generation industry and is holding a degree in mechanical engineering as well as an MBA degree from the European School of Management and Technologies in Berlin.