- Revenue rose 8% compared to Q3 FY 2016, to €21.4 billion, including a strong performance by short-cycle businesses
- Orders came in 6% lower, at €19.8 billion, due to sharply lower volume from large orders at Power and Gas and at Siemens Gamesa Renewable Energy, the business resulting from the merger of Siemens' wind power business with Gamesa Corporación Tecnológica S.A. (Gamesa) beginning with Q3 FY 2017; the book-to-bill ratio for Siemens overall was 0.93
- On a comparable basis, excluding currency translation and portfolio effects, revenue rose 3% and orders were 9% lower
- Profit Industrial Business rose 3% to €2.3 billion; as expected, negative merger and acquisition effects related to Gamesa and Mentor Graphics Corporation (Mentor Graphics) reduced Industrial Business profit margin to 10.4%
- Net income rose 7%, to €1.5 billion; basic earnings per share (EPS) of €1.74, up from €1.64 in Q3 FY 2016 despite negative merger and acquisition effects
"Our global team delivered a solid quarter with revenue up 8% and net income growing by 7%. Our digital enterprise business impressively underscored its leading position in the market. We are fully on track with Vision 2020 and for another strong year."
We released our third quarter results for fiscal year 2017 on August 3, 2017. The Conference Call for journalists and the Analyst Call were broadcast live.
- Supervisory Board decides to extend Kaeser's appointment until 2021
- Following successful implementation of Vision 2020, focus on next steps
The Supervisory Board of Siemens AG has extended Joe Kaeser's appointment as President and Chief Executive Officer ahead of schedule. His term of office will now extend until the Annual Shareholders' Meeting in 2021. This move is intended to ensure the continuity and stability needed for sustainable and successful implementation of the company's Vision 2020 strategy program. "Over the past few years, Mr. Kaeser has driven Siemens' realignment with great dedication and entrepreneurial spirit," said Supervisory Board Chairman Gerhard Cromme. "He's not only a guarantor of success, but also of stability in increasingly turbulent times. From the perspective of the Supervisory Board, it's all the more gratifying that we'll be continuing the extremely successful collaboration with Mr. Kaeser, which is based on the highest levels of trust."
- New version of Simatic PDM (Process Device Manager) Maintenance Station V2.0
- Further development based on Namur recommendations NE 105, NE 107 and NE 129
- Data collector for cyclic transfer of status data to cloud based systems
- Use of existing Simatic automation system communication structure
- Application independently of the automation and control system used
With its Simatic PDM Maintenance Station V2.0, Siemens is providing the ideal solution for efficient monitoring of intelligent field device statuses independently of the automation and control system used. Their integration is based on DD (Device Description)/EDD (Electronic Device Description) technology. Diagnostic, parameterization and status data from the field devices is read out cyclically and depicted in a clearly arranged format. The collected data can also be transferred using an export function for further processing in enterprise asset management or cloud-based condition monitoring systems. Version 2.0 has been further developed to comply with Namur recommendations NE 105, NE 107 and NE 129.
- Trade fair slogan "Digitalization in Machine Tool Manufacturing"
- Innovative digitalization and automation portfolio for the Digital Enterprise
- Integrated end-to-end ecosystem comprising digital platforms and over 40 applications
Digitalization is set to be the defining theme once again this year at the EMO in Hanover, the world's biggest fair for the machine tool industry. Under the banner "Digitalization in Machine Tool Manufacturing", Siemens will be demonstrating how machine tool users and manufacturers can benefit from digitalization with a presentation stretching over an area of around 1,200 square meters in Hall 25. Visitors to the booth can find out here how Siemens is driving forward digitalization in the machine tool industry from its leading position in the field. The Siemens trade fair presentation will focus on the company's extensive, integrated end-to-end digitalization portfolio. With this unique offering, the technology company will be showcasing ways in which machine tool manufacturers can significantly boost their production flexibility and efficiency, drastically reduce their engineering input and time to market, as well as consolidating and expanding their competitive standing in the global marketplace by digitalizing their operations.
Siemens and The AES Corporation announced on July 11, 2017 their agreement to form a new global energy storage technology and services company under the name Fluence. The joint venture will deliver the Advancion and Siestorage energy storage platforms and will continue to develop new storage solutions and services. Fluence will empower customers around the world to better navigate the fragmented but rapidly growing energy storage sector and meet their pressing needs for scalable, flexible, and cost-competitive energy storage solutions. Its global headquarters will be located in the Washington, DC area with additional offices located in Erlangen, Germany and other cities worldwide. The transaction is expected to close in the fourth quarter of calendar year 2017, subject to regulatory and other approvals.
- Special coating on windowpanes significantly improves reception
- Rhein-Ruhr Express first train worldwide with the new technology
- Maintenance-free, cost-effective solution
The Rhein-Ruhr Express (RRX), a train for Germany's Rhine-Ruhr metropolitan region, will be the world's first train in series production to feature a new radio-frequency windowpane solution from Siemens that massively improves mobile phone reception in trains. The new windows on the RRX will allow radio waves to pass through up to 500 times more easily than is the case with conventional thermal insulation glazing. As a result, passengers will be able, for the first time, to surf the Internet and make telephone calls freely without the need for special cellular-signal amplifiers (in-train repeaters). Train operators will also profit from the new technology: in new vehicles, the windowpane solution is significantly more cost-effective than installing in-train repeaters.
Singapore and Siemens aim to join forces in a drive to make the Southeast Asian city-state a "smart nation." As a result, Singapore will be the first country in the world to pilote MindSphere – Siemens' open, cloud-based operating system for the Internet of Things – to digitalize its infrastructure as much as possible. Siemens is supporting this master plan by setting up a digitalization hub. The hub was inaugurated on July 11, 2017 in parallel events in Singapore and at Siemens' headquarters in Munich: Armin Bruck, CEO of Siemens Singapore, opened the hub in Singapore while Singapore's Prime Minister Lee Hsien Loong and Joe Kaeser, President and CEO of Siemens AG, signed a symbolic plaque in Munich. At the Digitalization Hub, Siemens will develop and offer new digital applications.
- Powered by MindSphere – Siemens' cloud-based open IoT operating system, the Hub will drive digitalization in the country
- Team of up to 300 digitalization experts by 2022
- Development of new digital applications for companies in Southeast Asia, three cooperation agreements signed today
To address the substantial opportunities in urbanization and industrialization that are rapidly arising in Asia, Siemens will be setting up a Digitalization Hub in Singapore. At this Hub, Siemens will develop innovations for the Internet of Things (IoT) and Industrie 4.0 in collaboration with its customers in Southeast Asia. Supported by the Singapore Economic Development Board (EDB), the Hub will also complements the county's efforts to become a Smart Nation, because Siemens will be using its IoT operating system MindSphere - to drive digitalization in Singapore.
- Siemens cooperates with Chinese government in digital manufacturing, innovation and technology applications
- Memorandum of Understanding signed in presence of German Chancellor Angela Merkel and Chinese President Xi Jinping
- Strategic partnership with Chinese enterprises in industrial Internet of Things (IoT) and intelligent manufacturing
Siemens has entered into agreements with the Chinese government and Chinese enterprises to continue joint activities for exploring the potential of digitalization and for supporting measures to upgrade and transform China's industrial sector. The documents were signed today in Berlin in the presence of German Chancellor Angela Merkel and Chinese President Xi Jinping.