"With a strong fourth quarter in a turbulent economic environment, we ended fiscal 2011 with record operating results. With our new organization into four Sectors we have aligned our business even more closely with our customers. Siemens has a strong portfolio and stands for stability and confidence in troubled times. We are well positioned for moderate revenue growth in fiscal 2012 and surpassing the €100 billion revenue threshold in the medium term."
Siemens ended fiscal 2011 with record operating results and begins the new fiscal year in a position of strength. Total sectors profit climbed by 36 percent to €9.1 billion, income from continuing operations by nearly two-thirds to €7 billion. Revenue and new orders also increased. While revenue from continuing operations grew seven percent to €73.5 billion, new orders rose 16 percent to €85.6 billion. Peter Löscher, President and CEO of Siemens AG stated: "With a strong fourth quarter in a turbulent economic environment, we ended fiscal 2011 with record operating results. With our new organization in four Sectors, we have aligned our business even more closely with our customers. Siemens has a strong portfolio and stands for stability and confidence in troubled times. We are well positioned for moderate revenue growth in fiscal 2012 and surpassing the €100 billion revenue threshold in the medium term."
We released our financial figures for the fourth quarter and fiscal year 2011 on November 10, 2011. The press conference was broadcast live on the internet.
Siemens has won the German Sustainability Award 2011 for its strategy. The jury was impressed with the consistency of Siemens' focus on sustainability as one of its most important growth areas. "For Siemens, sustainability is not only a basic ethical principle, but also a question of market and business potential in global competition. It is thanks to our employees that we have received the German Sustainability Award today: with commitment and enthusiasm, they are putting sustainability at Siemens into practice and ensuring its continuation in the future," said Barbara Kux, Member of the Managing Board of Siemens AG and Chief Sustainability Officer.
Over the next three years, Siemens AG intends – together with its partners – to invest €1 billion in Russia. Peter Löscher, President and CEO of Siemens AG, announced this initiative in Moscow today at the annual meeting of the Foreign Investment Advisory Council chaired by Russian Prime Minister Vladimir V. Putin. As a provider of innovative technologies for power generation and transmission, mobility and solutions for urban infrastructures, Siemens can play a key role in Russia's modernization. The company will therefore systematically expand its presence in the country. For example, plans call for the new construction or expansion of locations for production, research and development (R&D) and services in regions such as Yekaterinburg, Perm, St. Petersburg and Voronezh. About 4,000 specialist jobs will be created overall. "Our far-reaching investments underscore Russia's great importance as a strategic core market for Siemens. By entering into a technology partnership, we're supporting the country's ambitious modernization plans and placing our close cooperation with our Russian partners on a new, even broader basis," said Peter Löscher.
Siemens will start off fiscal 2012 on October 1, 2011 with a further developed structure. The newly founded Infrastructure & Cities Sector begins operation on that day, as planned. In the future, the operating businesses of Siemens will be organized in the Industry, Infrastructure & Cities, Energy, and Healthcare Sectors. By forming the new Sector, the company plans to be a leading participant in the dynamic growth of cities and infrastructure investments. "We are rigorously focusing our business on growth. Our new setup will put us even closer to our customers. The Infrastructure & Cities Sector will open up additional business opportunities in the growth market of cities," said Peter Löscher, President and CEO of Siemens AG. "Cities face the enormous challenge of reconciling urban growth with a good quality of life. We can offer them comprehensive solutions from one hand to achieve this. In order to better serve the needs of cities, we are focusing the new Sector specifically on cities and infrastructure," stated Roland Busch, CEO of the Infrastructure & Cities Sector.
In connection with implementing the North European Center for Radio-Oncology in Kiel (NRoCK), the University Hospital Schleswig-Holstein (UKSH) and Siemens AG have signed a declaration of intent to dissolve their existing contracts. Negotiated under the auspices of the Minister of Economy and Science of Schleswig-Holstein, Jost de Jager, the declaration foresees favorable terms for equipping the UKSH with one of Germany's most advanced and efficient centers for the conventional radiotherapy treatment of cancer patients. Work by Siemens to set up a particle therapy facility on the basis of proton and carbon-ion radiation is to be discontinued.
Siemens AG has been ranked the most sustainable company in its industry for the fourth time in a row. In the Dow Jones Sustainability Index (DJSI) – the sustainability rating established by Dow Jones and SAM – Siemens has again taken first place in the Diversified Industrials category, which includes companies like 3M, General Electric, Toshiba and Thyssen Krupp. Out of a possible 100 points, Siemens received 90 – its highest overall rating to date and a further improvement over last year's result of 87 points. The company has now been honored by the DJSI twelve times in a row for its sustainable activities.