- Orders grew 6%, to €23.6 billion, and revenue rose 4%, to €20.9 billion, for a book-to-bill ratio of 1.13 and record high order backlog of €142 billion
- On a comparable basis, excluding currency translation and portfolio effects, orders increased 4% and revenue was up 2% compared to Q2 FY 2018
- Adjusted EBITA for Industrial Business climbed 7% to €2.4 billion, with most businesses increasing their performance; Industrial Business Adjusted EBITA margin reached 11.4%, even with severance charges taking 0.3 percentage points
- Net income reached €1.9 billion, near the prior-year level which benefited substantially from a €0.7 billion Adjusted EBITA from Centrally managed portfolio activities; the current period benefited from a lower income tax rate, and basic EPS of €2.24 was burdened by €0.08 from severance charges
"We delivered on our promises again this quarter, and even exceeded expectations in many areas. Now, we enter into a new era to become an even stronger and more focused Siemens."
We released our second quarter results for fiscal year 2019 on May 8, 2019. The press conference was broadcast live.
- Creation of new major player on the energy market with business volume of €30 billion and over 80,000 employees through spinoff of Gas and Power and transfer of Siemens' SGRE stake
- Spinoff to give shareholders direct participation in success and enable rapid implementation
- Future industrial core: Digital Industries and Smart Infrastructure
- Ambitious medium-term goals refined and long-term aspiration outlined
- Savings of €2.2 billion by 2023 through structural efficiency gains planned
- Growth in future-oriented fields to generate net increase of over 10,000 jobs despite efficiency measures
Siemens intends to meet its medium-term growth and profit targets by clearly focusing its portfolio on dynamic growth markets and efficiency gains. To this end, the Supervisory Board of Siemens AG today unanimously approved the next steps in the company's Vision 2020+ strategy concept, including the spinoff of Siemens' Gas and Power (GP).
- The agreement with Ministry of Electricity paving way to full execution of Iraq Roadmap
- Roadmap scope covers short, mid- and long-term addition of new highly efficient power generation capacity
- Includes rehabilitation, upgrade of existing plants, expansion of transmission and distribution networks
- Three contracts valued at around EUR 700m awarded for Phase 1 of the Roadmap
In a move that takes the roadmap for rebuilding Iraq's power sector a step further, Siemens and the Ministry of Electricity of the Republic of Iraq signed an implementation agreement to kick off the actual execution of the roadmap. The agreement builds on the exclusive Memorandum of Understanding signed between the ministry and Siemens in October last year, and outlines the specific projects, associated budgets and timelines for the execution phase, covering all essential elements of the electrification of Iraq. This includes the addition of new and highly-efficient power generation capacity, rehabilitation and upgrade of existing plants and the expansion of transmission and distribution networks. The document was signed by Joe Kaeser, President and CEO of Siemens AG, and Luay al-Khatteeb, Iraq's Minister of Electricity, in Berlin in the presence of Adil Abdul-Mahdi, Prime Minister of Iraq and Angela Merkel, Chancellor of the Federal Republic of Germany.
With six lines and a total route length of 176 kilometers, Riyadh is constructing one of the world’s largest metro projects. Riyadh currently has a population of 6.5 million people which is set to increase to 8.3 million by 2030 due to its rapid urban growth. As part of a consortium with the US company Bechtel and the local construction firms Almabani and Consolidated Contractors Company, Siemens Mobility is responsible for building lines 1 (Blue Line) and 2 (Red Line). Siemens Mobility, as Engineering and Maintenance partner, is supplying the rolling stock for driverless operation. Moreover, the scope includes project management, signaling, power supply, communication systems, depot and workshop equip¬ment, platform screen doors, testing and commissioning and system integration in a turnkey approach.
Siemens has developed a comprehensive concept for energy systems worldwide – the first such concept that takes into account and brings together not only technology but also the areas of regulation and social engagement. The Energy Value Charter aims to create customized solutions that will empower countries to make their energy systems fit for the future. The concept encompasses suggestions for implementing sustainable power-generation technologies, together with recommendations on how legal frameworks must be adapted to ensure that the full potential of these technologies can be tapped. In addition, the concept specifies options for promoting social engagement, such as work-study programs, as well as for refinancing infrastructure while simultaneously reducing greenhouse gas emissions. Siemens presented the concept at the 2019 Energy Transition Dialogue in Berlin, in the presence of energy ministers from a range of countries.
Siemens developed the concept to create a global framework for energy solutions for its businesses. With its Energy Value Charter, the company wants to enter into a dialogue with governments in order to shape energy systems in such a way that they provide the basis for economic growth, social engagement and sustainable development.
Mariel von Schumann (47), Chief of Staff and head of Governance & Markets at Siemens AG, will leave the company at the end of June 2019, following the successful implementation of the company's new structure as part of the Vision 2020+ strategy program.
New research from Siemens Financial services explains how manufacturers are in a race against time to gain competitive advantage from Industry 4.0 investment, before the “tipping point” of majority adoption. A must-read for future focused manufacturing financial managers, the Whitepaper explains how Finance 4.0 solutions are providing practical methods of helping companies to urgently invest in Industry 4.0 and gain early mover advantage.
Klaus Patzak (53) is returning to Siemens AG as Managing Partner of its Portfolio Companies (POC), effective April 1, 2019. The finance and transformation expert was most recently Chief Financial Officer of Bilfinger SE, having previously been Chief Financial Officer of Osram Licht AG. For several years, Patzak served, among other things, as head of Finance and Controlling at Siemens AG. In his new role, he will report directly to Roland Busch, Chief Operating Officer of Siemens AG.
On the first day of the Hannover Messe, April 1, Klaus Helmrich welcomed you to the annual Siemens Press Conference. As member of the Managing Board of Siemens AG, Klaus Helmrich is responsible for the Digital Industries Operating Company. The Press Conference took place at 6:30 PM in the Trade Fair's Convention Center, Room 1 A/B.
Mr. Helmrich talked about the latest developments of digitalization and the next step towards the digital transformation in the manufacturing and process industries under the theme "Digital Enterprise – Thinking industry further!".