- 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.
- Revenue stable, orders below prior-year level
- Order backlog at €69 billion, further €81 billion at Siemens Energy
- Outlook relativized due to COVID-19
- Timeline for spin-off of energy business confirmed
- Share buyback on hold due to spin-off
- Spin-off of Flender planned
Despite the clear
impact of the COVID-19 pandemic, Siemens AG performed solidly in the second
quarter of fiscal 2020. Revenue remained nearly unchanged, while net income
declined to €697 million compared to the strong prior-year quarter. Orders were
down primarily due to a lower volume from major orders at Siemens Mobility
year-over-year. In view of the current situation, Siemens will no longer
confirm its original guidance for fiscal 2020. Nonetheless, the company sees
itself well positioned both operationally and strategically for the coming
quarters. Implementation of Siemens’ Vision 2020+ strategy is right on track,
and the company is making faster progress than expected in achieving its cost
targets.
- The research project was led by the Government of the Spanish Region of Andalusia, the Málaga Institute for Biomedical Research (IBIMA), a medical team from the Málaga hospitals “Regional Universitario” and “Virgen de la Victoria”, and the University of Málaga.
- Siemens Digital Industries provided the main control unit, including Logo!, the HMI operator panel and the Sitop power supply.
- The respirator has been approved by the Spanish Agency of Medicines and Medical Devices, 300 of 480 planned units are already available to patients.
Siemens Digital Industries contributed vital technology to the Andalucía Respira project, an initiative created with the aim of manufacturing respirators to fight COVID-19. Research was led by the Government of the Spanish Region of Andalusia, together with the Málaga Institute for Biomedical Research (IBIMA), a medical team from the Málaga hospitals “Regional Universitario” and “Virgen de la Victoria”, and the University of Málaga.
- Single-phase 480-watt basic unit expands Sitop PSU8600 product line
- Four integrated monitored outputs of five amperes each (DC 24 V, 20 A/4x5)
- Modular expansion for monitoring up to 36 outputs
- Comprehensive diagnostic and maintenance information via integrated Ethernet/Profinet interfaces
Siemens is expanding its modular Sitop PSU8600 power supply system to include a new single-phase 480-watt basic unit. The new product features four integrated monitored outputs with a total of 24 volts DC at five amperes per output. Each output is flexible and can be set during operation in a range between 4 and 28 volts either manually or remotely via software. This eliminates the need for additional power supply units to supply five or twelve volt loads. The CNX8600 expansion module can be used to monitor up to 36 total outputs. Thanks to its integration into the TIA (Totally Integrated Automation) Portal engineering framework, fast implementation in to the automation is supported. In addition, the Sitop Manager provides easy parameterization and diagnostics. Comprehensive diagnostic and maintenance information are also available via the two integrated Ethernet/Profinet interfaces and via OPC UA, and can be evaluated directly in the automation systems. This means that errors can be located quickly and reduces downtime.
- New “Location Intelligence” software expands Simatic RTLS locating platform to include digital twin of performance
- Visualized real-time analyses create potential for optimization and facilitate rapid decision-making
- Provides customers with overview of material flow and order information
Siemens introduces new “Location Intelligence” software, which expands the Simatic RTLS (Real-Time Locating System) locating platform to include the digital twin of performance. The web-based software analyzes and visualizes dynamic data, processes events, and can be addressed directly from local ERP (Enterprise Resource Planning) or MES (Manufacturing Execution System) systems. The intelligence acquired based on position data provides the user with a comprehensive overview of material flow, order information or possible problem areas.
- Siemens Managing Board decides to form worldwide aid fund to help relieve
and combat the coronavirus pandemic
- Siemens to match all funds donated
by employees
- Fund to supplement numerous aid
programs already in place at international Siemens units
- Company and employees aim to help people stricken by the COVID-19 pandemic worldwide
- Entire Managing Board joins in donation campaign
- President and CEO lays foundation by donating €1 million
Effective immediately, the Managing Board of Siemens AG has decided to set up a COVID-19 aid fund. Under the auspices of the community-serving nonprofit organization Siemens Caring Hands e.V. (“Caring Hands”), this aid fund is to provide support, without red tape, to relief organizations and medical facilities as well as to individuals impacted by the COVID-19 crisis worldwide.
- Charter of Trust companies are helping with cybersecurity for telework
- Some 130,000 Siemens employees worldwide are working from home due to
the corona crisis
To slow the spread of the coronavirus, millions of people around the world have been working from home for about three weeks now – including more than 100,000 Siemens employees. Siemens and 16 other global companies from the Charter of Trust (CoT) initiative have developed eight tips for boosting cybersecurity so that employees can work just as securely from home as they do at the office. Their recommendations are meant to help ward off hacker attacks and enable companies to maintain business continuity. These tips range from switching off voice-controlled devices and covering webcams to not mixing personal and business use of devices. All recommendations have been published on the Charter of Trust website: bit.ly/39BB8Gv.
At the Munich Security Conference 2018, Siemens and eight partners from industry signed the first joint charter for greater cybersecurity. Initiated by Siemens, the Charter of Trust calls for binding rules and standards to build trust in cybersecurity and further advance digitalization. Since 2018, the Charter of Trust has grown to 16 members. In addition to Siemens and the Munich Security Conference, the signatories include AES, Airbus, Allianz, Atos, Cisco, Daimler, Dell Technologies, Deutsche Telekom, IBM, NXP, SGS, Total and TÜV Süd.
In addition, the German Federal Office for Information Security, the CCN National Cryptologic Center of Spain and the Graz University of Technology in Austria have joined the charter as associate members. On February 19, 2019, Mitsubishi Heavy Industries (MHI) signed a letter of intent to join the Charter of Trust for cybersecurity in Tokyo, expanding the Charter’s reach into Asia. The company’s membership is expected to be finalized by the end of September 2019. MHI will be the first Asian company to join the global cybersecurity initiative.
- New Sinec software family offers a range of functions for efficient network management
- Quick and easy initialization of Scalance and Ruggedcom network components with Sinec PNI commissioning tool
- Central network services at a glance with Sinec INS
- New version V1.0 SP1 of Sinec NMS can also be used to manage security-related areas in the network
With the new Sinec software family, Siemens offers a range of functions in the field of network management. The Sinec software family meets the diverse requirements of a modern industrial network and helps users to overcome the challenges of digitalization, such as the ever-growing number of network devices as well as the security and clarity of increasingly complex networks. Alongside the Sinec NMS Network Management System, two additional Sinec tools – Sinec INS and Sinec PNI – offer even more options for comprehensive network management.
- Compact radar extends transmitters
into applications with vapor and dusty requirements
- Bluetooth wireless technology delivers fast and effortless commissioning
- Wide range of liquids and solids applications
in practically all market segments including energy, mining, aggregates and
water
Siemens
presents Sitrans LR100 series 80 GHz radar transmitters, compact instruments
with a narrow beam for flexible installations in existing vessel openings—or
even non-intrusively through plastic vessels. The transmitters’ 80GHz high
frequency delivers robust, reliable measurements even in challenging
environments such as those with vapors, condensation, turbulence, or solids. The
custom microchip technology delivers fast response and extremely high
sensitivity to detect even the weakest of signals.