Siemens has confirmed its targets for fiscal 2009 even in the current challenging global economic environment. “Our third-quarter results demonstrate that we are fully on track to achieve our targets for fiscal 2009,” said Siemens’ President and CEO Peter Löscher. In the third quarter, Siemens’ strong order backlog softened the impact of the global recession on the company’s revenue and profit. Revenue declined to approximately €18.3 billion. Excluding currency translation effects and portfolio transactions, revenue was down 4% from the third quarter a year earlier. Total Sectors profit decreased to approximately €1.7 billion. Orders of approximately €17.2 billion in the third quarter were well below the prior-year level. The decline is attributable in part to the high order level posted in the prior year, which included a major order worth roughly €1.4 billion from the Belgian state railway system. Backlog for the Sectors totaled €84.3 billion at the end of the third quarter. “We again did particularly well compared with our most important competitors,” CEO Löscher noted. ”As expected, the macroeconomic environment clearly left its mark on new business. We had already prepared for that ahead of time. We are also carefully considering the challenges ahead. We will continue the rigorous pursuit of our corporate policy focused on sustainability,” Löscher said.
We released our third quarter results for fiscal 2009 on July 30, 2009.
“Our third-quarter results demonstrate that we are fully on track to achieve our targets for fiscal 2009,” commented Siemens CEO Peter Löscher. “We again did particularly well compared with our most important competitors. As expected, the macroeconomic environment clearly left its mark on new business. We had already prepared for that ahead of time. We are also carefully considering the challenges ahead. We will continue the rigorous pursuit of our corporate policy focused on sustainability.” Peter Löscher, President and Chief Executive Officer of Siemens AG
On Sunday, August 9, 2009, Wagner’s opera “Tristan und Isolde” will be relayed live from the world-famous Festspielhaus to the Bayreuth Festplatz and also transmitted online worldwide. The Siemens Festival Night will enable tens of thousands of people in Bayreuth and around the globe to see why opera fans consider the Richard Wagner Festival on the famed “Green Hill” to be a major highlight of the opera world. “We are happy to help Bayreuth present this world-class cultural event to a global audience,” said Siemens President and CEO Peter Löscher, “and we want to continue doing so after 2009, since we are interested in a long-term partnership.”
Siemens AG has landed orders totaling about €1 billion for infrastructure projects in advance of the 2010 World Cup in South Africa. Most of these orders are connected with the expansion of the country’s energy infrastructure. “Our infrastructure solutions are supporting our partners in South Africa in ensuring the 2010 World Cup will be an emotional highlight for the country,” said Siegfried Russwurm, the member of Siemens’ Managing Board who is responsible for the company’s activities in Africa. “Long after the World Cup is over, the solutions we’re providing in South Africa will continue to bring sustainable improvements in the quality of people’s lives. The products will support the further development of the economy and enhance environmental protection.” Besides contributing a large number of solutions in the areas of power generation and transmission, Siemens is participating in the design of traffic management solutions for mass transit systems and in the improvement of healthcare services. In addition, until now lighting systems from the Siemens subsidiary Osram will be employed in eight of ten World Cup stadiums.
Siemens South Africa has announced the appointment of Stuart Clarkson as Chief Executive Officer with effect from 1 July 2009, replacing outgoing CEO Siegmar Proebstl, who returns to Siemens in Germany.
Siemens expects to win new orders of around €15 billion in the next three fiscal years 2010 until 2012, which will be generated by government stimulus programs already announced around the world. Green technologies are expected to account for 40 percent or approximately €6 billion of this total, which will significantly increase the share of the company’s revenues from its environmental portfolio in the future. Siemens based this forecast on an initial systematic analysis of the largest stimulus programs. “With their programs, governments worldwide are sending the right signal. Against the backdrop of the worst global economic crisis in decades, these government measures are at least partially cushioning, in some cases, sharp declines in private-sector demand. They should also have a stabilizing effect on our business,” said Siemens President and CEO Peter Löscher. “In addition, the government programs will safeguard jobs worldwide. The large portion of the investments in environmental technologies will probably create new green jobs as well. This applies particularly to the green infrastructure giant Siemens,” Löscher added.
A survey of 140 mayors from 40 states also highlights concern over potential financial obstacles for infrastructure projects, according to a study sponsored by Siemens for The U.S. Conference of Mayors.