- Important milestone for planned Flender listing
- The two Portfolio Companies’ businesses a perfect fit
- Combined company to strengthen global technology leadership
A major milestone on the way to the planned public listing of Flender in 2021 has been reached. Effective today, Siemens Wind Energy Generation (WG) will be part of Siemens AG’s wholly-owned subsidiary Flender GmbH in Germany and thus perfectly complement Flender’s business portfolio. Flender will expand its market-leading position in gear units through the addition of electro-technical expertise in generators for the wind industry, while WG will benefit, among other things, from Flender’s strong position in the wind power sector. The combined company will be a global technology leader with a competitive cost base and an attractive service business. The two units are part of Siemens’ Portfolio Companies, with around 8,500 employees and pro forma revenue of roughly €2 billion.
- About one sixth of all electricity generated worldwide is based on Siemens Energy technology
- Leading portfolio from conventional to renewable energy
- Clear commitment to accelerate profitability by rigorously driving operational excellence, portfolio adjustments and gradually shifting innovation focus towards sustainability and service
- Clear target for Adjusted EBITA margin (before Special Items) of 6.5 to 8.5% for fiscal year 2023
At a virtual capital market day, Siemens Energy, a world leader in energy infrastructure, today laid out its post-spin-off strategy. Siemens Energy is aiming for accelerated profitable growth. Management aims to achieve an Adjusted EBITA margin before Special Items of 6.5% to 8.5% for fiscal 2023. The Executive Board is committed to drive operational excellence, portfolio adjustments to meet market demand and gradually shift the focus of innovation and R&D to sustainability and service.
Around 10.400 young men and women worldwide – thereof around 7,300 in Germany – are currently enrolled in training or two-track programs at Siemens, making the industrial company one of the largest most innovative private providers of such programs in the world. Due to the great success of the German model, Siemens is increasingly offering two-track training, which combines theory and practice, to young people in countries outside Germany, including the U.S., Canada, Mexico, South Africa, India and the UK. These programs offer instruction in a wide range of commercial and, above all, technical fields. Courses are constantly being updated in a targeted fashion to prepare young people for the challenges of the future.Since the training year 2017, Siemens has integrated relevant digitalization topics, such as data analytics, software development and data security, in the company's curricula for all its apprenticeship and work-study programs. Didactic and methodological teaching approaches were also revised to accommodate the digital transformation of the programs’ training content and of the occupational subject matter.
“Occupational training is foundational for our company’s future. One clear focus of our training program is on the responsible use of digital technologies, which are bringing enormous change to the working world and to society. For years now, we’ve been continuously adapting our training programs to new requirements, to digital content and to agile teaching methods in order to keep pace with these changes. In this way, we can ensure that our trainees are well prepared for the future,” said Thomas Leubner, who heads the company’s Learning and Education department.
The success of the training system is also shown by the International Tech Apprenticeship@Siemens (ITA@S) program, which was established in 2012, back then under the name Europeans@Siemens. Young people are being sent to Berlin by the Siemens Regional Companies in their respective countries for dual educational training. In the past few years, however, an increasing number of participants have come from countries outside Europe. Consequently, the program now has a new name: ITA@S.
Since the start of the vocational training in Berlin in 1891 more than 165,000 people have undergone training with Siemens in Germany alone.
Siemens is also blazing new trails when it comes to recruiting trainees. In its “MINTfluencer” social-media campaign, short video clips star Siemens trainees as influencers. The campaign name is a word play on “MINT,” which is the German equivalent of science, technology, education and mathematics (STEM).
- About 1,400 apprentices and university students in work-study programs to start professional careers at Siemens
- Training program to continue in full despite COVID-19 crisis
- Focus of Siemens training on digital learning environment
- Joint online application site for Siemens, Siemens Mobility and Siemens Healthineers
About 1,400 apprentices and university students in work-study programs will start their professional careers at 23 Siemens locations in Germany on September 1. Together with Siemens Mobility and Siemens Healthineers, Siemens is continuing its training program in full despite the coronavirus crisis. Training at Siemens Energy will be continued separately. Nearly 1,190 young people who are being trained for Siemens’ own needs will be joined at Siemens Professional Education by about 190 participants from the company’s external partners.
- Medical equipment from Siemens Healthineers on the way
- Siemens Energy to deliver and run two A45-GT gas turbines in Beirut
- Free use for one year to support population worth about US$40 million
- Siemens CEO Joe Kaeser with German Foreign Minister Heiko Maas in Beirut
Siemens is helping the people of Lebanon rebuild in the wake of the tragic catastrophe of August 4. The company is quickly providing the stricken population with ultrasound systems and a mobile X-ray unit. In addition, Siemens Energy is offering to deliver and operate two gas turbines with a total electrical capacity of about 80 megawatts (MW) free of charge.
- SPIC to acquire 33% of GNA I and GNA II 3 GW LNG-to-power projects
- Enter agreement to participate in future expansion projects GNA III and GNA IV as part of overall 6.4 GW power and domestic gas hub strategy at Port of Açu
Prumo, a private Brazilian company controlled by EIG Global Energy Partners, bp and Siemens signed a binding agreement with SPIC Brasil. Under the agreement, SPIC will initially acquire 33% of the GNA I and GNA II LNG-to-power projects, located in Port of Açu, Rio de Janeiro. SPIC has also entered into an agreement to participate in the future expansion projects GNA III and GNA IV, which are expected to be fueled by a combination of LNG and domestic gas from Brazil’s vast pre-salt reserves.
We released our third quarter results for fiscal year 2020 on August 6, 2020. The Conference Call for journalists and the Analyst Call were broadcast live.
- Adjusted EBITA in Industrial Businesses climbs 8 percent to €1.8 billion
- Adjusted EBITA margin rises to 14.3 percent
- Strong free cash flow of more than €2.1 billion in Industrial Businesses providing liquidity and security
- Orders down 7 percent to €14.4 billion and revenue down 5 percent to €13.5 billion year-over-year
- Global uncertainties continuing in Q4
Despite major uncertainties due to the global COVID-19 pandemic, Siemens AG maintained its course very successfully in Q3 of fiscal 2020, both strategically and operationally. In a challenging macroeconomic environment, the company’s Industrial Businesses generated a strong EBITA margin of 14.3 percent. Adding 1.7 percentage points to this margin was a positive effect of €211 million at Digital Industries. Siemens successfully avoided major supply chain bottlenecks in connection with the COVID-19 crisis despite taking precautionary measures, which were in some cases substantial, to prioritize workforce health and safety. With free cash flow of more than €2.1 billion in its Industrial Businesses (€2.5 billion at Group level), Siemens has sufficient liquidity to master the COVID-19 crisis effectively – or to emerge from it even stronger than before.