"We continued to grow in the third quarter and are on track to reach our targets for fiscal 2011," said Siemens CEO Peter Löscher. "New orders again rose sharply, driven by a large order at Mobility. We're vigorously tackling operating challenges. Our markets are still robust, although risks are tending to increase in the global economic environment."
We released our results for the third quarter of fiscal 2011 on July 28, 2011. The conference call was broadcast live on the internet.
Siemens achieved strong growth again in the third quarter of fiscal 2011. New orders climbed 20 percent year-over-year. Revenue rose two percent. These figures include negative currency translation effects that took five percentage points from new orders as well as revenue. Income from continuing operations was below the prior-year figure. This decline was due to negative profit impacts in connection with an arbitration decision and in connection with the particle therapy business. "We continued to grow in the third quarter and are on track to reach our targets for fiscal 2011. New orders rose again sharply, driven by a large order at Mobility. We're vigorously tackling operating challenges. Our markets are still robust, although risks are tending to increase in the global economic environment," said Siemens President and CEO Peter Löscher.
The Siemens Festival Night in Bayreuth on August 14, 2011, will be a unique Richard Wagner opera experience for everyone in the audience. To mark the festival anniversary, Siemens has doubled the size of the LED screen for the public viewing event to 180 m2. This will enable ten thousand people to enjoy the music of Wagner to the full in the open air. Two public attractions will be offered in succession: first the brand-new "Ring" for children, then "Lohengrin" for everyone. Together they provide a full-day festival event for people of all ages in a relaxed summer atmosphere on the Bayreuth Festplatz.
On the 25th anniversary of the assassination of Chief Technology Officer Prof. Karl Heinz Beckurts and his driver Eckhard Groppler, Siemens pays tribute to the victims and their families, in a spirit of profound solidarity with them. On the morning of July 9, 1986, a bomb destroyed the car of Karl Heinz Beckurts, who was being driven to work by Eckhard Groppler.
San Francisco grabbed the mantle of "greenest" major city in the U.S. and Canada Green City Index, with New York, Seattle, Denver and Boston rounding out the top five U.S. cities. The unique study conducted by the Economist Intelligence Unit (EIU), and commissioned by Siemens, assesses and compares 27 major U.S. and Canadian cities on environmental performance and policies across nine categories – CO2 emissions, energy, land use, buildings, transport, water, waste, air quality and environmental governance.
The winner of the architecture competition for the planned rebuilding of Siemens' corporate headquarters has now been chosen. The winning design for the company's new headquarters building in Munich was developed by Henning Larsen Architects of Copenhagen, Denmark. "We're creating a future-oriented symbol of sustainability that will set the standard for advanced urban architecture and innovative, efficient building technology – for the benefit of our employees and the citizens of Munich," said Siemens President and CEO Peter Löscher. "Siemens' clear commitment to Munich strengthens our city as a location for the future. The newly designed corporate campus will be a showpiece of sustainable and responsible urban development that will preserve Wittelsbacherplatz, enliven the Oskar-von-Miller-Ring, chime with the city structure, enhance the attractiveness of our city center and make Munich even greener," stated Munich Mayor Christian Ude. Twelve outstanding architecture firms from across Europe entered the competition, which was launched by Siemens and the City of Munich in February.
Siemens expects new orders and revenue to increase again in the third quarter of fiscal year 2011. Driven by the major ICx order, new orders in the third quarter are expected to rise significantly year-over-year. The company also anticipates a clear increase in revenue compared to the same period a year earlier. Adjusted for the effect on profit of the Areva payment, net income from continuing operations is expected to be slightly above the prior-year level. "We're continuing to invest strongly in innovation and the expansion of our global market footprint. Our growth expectations have come along in the third quarter," said Siemens CFO Joe Kaeser at the Siemens Capital Market Day in Shanghai on Tuesday. As expected, first signs of easing growth in the second half are on the horizon – mainly due to tougher comps year-over-year. "The tailwind from the economic recovery is likely over. Now, increased efforts are required for continued growth," Kaeser added.
Siemens AG plans to expand its market share in emerging markets, with all Divisions growing faster than their markets in these countries over the next five years. Strong economic growth in the emerging markets is creating enormous demand for solutions in the areas of power generation and transmission, healthcare and sustainable urban and industrial infrastructures. To leverage these business opportunities, Siemens has considerably expanded its presence in the emerging markets. "The emerging markets are still the growth engines of the global economy. With its strong local presence and the right products, Siemens is excellently positioned to capture an above-average share of the growth taking place in these markets," said Siemens Managing Board member Roland Busch at the Capital Market Day in Shanghai. "To expand our leading position, we're driving the development of products for emerging markets and further expanding our local value creation," he noted.