On September 26, 2017 Siemens and Alstom have signed a Memorandum of Understanding to combine Siemens' mobility business, including its rail traction drives business, with Alstom. The transaction brings together two innovative players of the railway market with unique customer value and operational potential. The two businesses are largely complementary in terms of activities and geographies. Siemens will receive newly issued shares in the combined company representing 50 percent of Alstom's share capital on a fully diluted basis.On February 6, 2019 the European Commission has announced its decision to prohibit the proposed combination of the Siemens and Alstom mobility businesses. As a result of this prohibition, the merger will not proceed. Siemens and Alstom regret that the remedies they offered, including recent improvements, have been considered insufficient by the EU Commission.
The Fund for the Future that Siemens and the company’s Central Works Council agreed to establish in May 2018 is now available to finance qualification projects in Germany. Until the end of fiscal 2022, Siemens will provide up to €100 million for such projects, in addition to the company’s regular annual budget of around €500 million for training and continuing education, thereof €290 million in Germany. The Fund for the Future is a key element with which Siemens and the Central Works Council are shaping the structural transformation of today’s economy – a transformation that is changing the working world to an unimaginable degree. Siemens, the company's Central Works Council and the IG Metall labor union agreed on a Future Pact in May 2018. This pact, which includes the Fund for the Future, established the main framework for addressing the structural transformation now taking place in Germany.
- Effective immediately, employees in Germany can propose concrete qualification projects
- Up to €100 million for qualification measures, especially in future-oriented professional fields
- New learning culture: a willingness to learn completely new things
The Fund for the Future that Siemens and the company’s Central Works Council agreed to establish in May 2018 is now available to finance qualification projects in Germany. Until the end of fiscal 2022, Siemens will provide up to €100 million for such projects, in addition to the company’s regular annual budget of around €500 million for training and continuing education, thereof €290 million in Germany. The Fund for the Future is a key element with which Siemens and the Central Works Council are shaping the structural transformation of today’s economy – a transformation that is changing the working world to an unimaginable degree.
We released our first quarter results for fiscal year 2019 on January 30, 2019. The Press Conference and the Analyst Call were broadcast live.
- Annual Shareholders' Meeting ratifies acts of Managing and Supervisory Boards by large majorities
At today's 53rd ordinary Annual Shareholders' Meeting of Siemens AG, shareholders approved the distribution of a dividend of €3.80 per share for fiscal 2018, as proposed by the Managing and Supervisory Boards. The dividend for fiscal 2018 was thus €0.10 higher than the dividend for fiscal 2017. The company has now increased its dividend five years in a row.
Siemens held its Annual Shareholders' Meeting at the Olympiahalle in Munich on January 30, 2019.
- Orders increased 13% on a comparable basis, excluding currency translation and portfolio effects, and revenue grew 2% compared to Q1 FY 2018
- On a nominal basis, orders rose 12%, to €25.2 billion and revenue was up 1%, to €20.1 billion; the book-to-bill ratio was 1.25
- Adjusted EBITA for Industrial Business was lower, at €2.1 billion, due mainly to a decline in Power and Gas; Industrial Business Adjusted EBITA margin at 10.2%, held back by severance charges amounting to 0.4 percentage points
- Net income came in at €1.1 billion, resulting in basic EPS of €1.26, which was burdened by €0.08 from severance charges; the change year-over-year is due to two substantial positive factors outside of Industrial Business in the prior-year period: a gain from the sale of shares in OSRAM Licht AG and sharply lower income tax expenses related to U.S. tax reform
"Our continued high order growth underlines the customer confidence in the performance of our company. There is still much to do before we achieve industry-leading margins in all our businesses."
Siemens Canada, New Brunswick Power (NB Power) and Nova Scotia Power (NSP) agreed on conducting a joint project to develop and demonstrate smart grid technology to better manage the provinces´ electricity and reduce greenhouse gas emissions. The overall investment for the project amounts to $92.7 CAD million (€ 60.95 million). For a joint pilot project aimed at analyzing challenges and opportunities posed by Canada's energy transition, the three partners have been awarded $35.66 M CAD (€ 23.45 million) in federal funding. The partners will research and test in real-time how the grid of the future can optimize integration of renewables, ensure stability of the grid and manage decentralized distribution in order to better manage the provinces’ electricity, potentially reduce future electricity costs for consumers and reduce greenhouse gas emissions. The pilot, officially called the Smart Grid Atlantic project, is being funded in part by the Government of Canada's Strategic Innovation Fund.
- Siemens building technologies to be integrated across the Expo 2020 Dubai site, powered by and integrated into MindSphere
- 137 buildings will be connected via cloud-based energy analytics platform; one of the world's largest installations of Siemens Navigator
- Buildings in three Thematic Districts will be digitalized with smart building management system, Desigo CC
- Digitalized infrastructure will support Expo 2020 Dubai in meeting sustainability, comfort, safety and security targets
Dubai is on its way to creating one of the most connected and sustainable World Expos in history, as Siemens begins one of the world's largest installations of its building technologies at Expo 2020 Dubai. The digital solutions will connect, monitor and control buildings across the site with MindSphere, the cloud-based operating system for the Internet of Things, powering the collection and analysis of data for intelligent decision-making and actions. The smart technologies will support Expo 2020 Dubai's targets for energy efficiency, comfort, safety and security.
- Managing Board and Supervisory Board approve change as of January 1, 2015
- Current CEO Johannes Milde to continue serving in advisory capacity for some time to come
Siemens' Building Technologies Division will have a new CEO on January 1, 2015. Matthias Rebellius (49) is succeeding Johannes Milde (61), who is resigning as Division CEO at the end of this year. Milde will continue to support the company for some time to come.