Siemens stands for understanding and openness and opposes every form of discrimination, social exclusion, hate and nationalism. Siemens' Managing Board, Senior Management, Central Works Council and entire workforce as well as the IG Metall metalworkers' union stand together against every form of populism and racism. Regardless of where in the world it originates or who is behind it – discrimination stands in stark contrast to our company's values. We have operations in more than 200 countries around the world, and employees from about 170 different nations work at our company. Respect, tolerance and diversity are a matter of course for us, and they form the foundation for our company values. The action that we take together aims to create value and improve quality of life for all – without any form of social exclusion due to national origin, religion, appearance or sexual orientation. Racism can raise its ugly head anywhere: in kindergartens and schools, among the general public, in our free time or at the workplace. For this reason, we should and must take an effective stand against discrimination and for our values – day in and day out.
- Revenue was €20.1 billion, nearly unchanged from Q2 FY 2017, and orders were also strong at €22.3 billion, 2% below the high basis of comparison a year earlier which included a substantially higher volume from large orders; the book-to-bill ratio was 1.11
- On a comparable basis, excluding currency translation and portfolio effects, revenue was level and orders declined by 1%
- Industrial Business profit of €2.3 billion and Industrial Business profit margin of 11.0%; strong performance led by Digital Factory, held back by a sharp decrease in profit and profitability at Power and Gas
- Net income of €2.0 billion included a €0.7 billion profit from Centrally managed portfolio activities; basic earnings per share (EPS) increased to €2.39, up from €1.75 in Q2 FY 2017
- The successful initial public offering (IPO) of Siemens Healthineers AG included the float of a 15% interest in the business
"Most of our businesses, primarily our digital offerings, showed impressive performance and operationally more than offset structural challenges in fossil power generation. By raising our guidance, we demonstrate our commitment to the company’s capability to master structural change and shape digital industry."
We released our second quarter results for fiscal year 2018 on May 9, 2018. The Conference Call for journalists and the Analyst Call were broadcast live.
- Framework agreement for restructuring at Power and Gas (PG) and Process Industries and Drives (PD)
- Cost reduction targets retained, job cuts unavoidable
- At the same time, a future pact for shaping the structural transformation
- Siemens establishes future fund for further qualification of employees
Following intensive exploratory talks, Siemens has reached an agreement with its Central Works Council and the IG Metall labor union regarding a future pact for the digital transformation. The pact defines the framework for the restructuring measures currently required at the Power and Gas Division (PG) and the Process Industries and Drives Division (PD) and is thus the basis for the negotiations that are now beginning regarding a reconciliation of interests and a social plan.
- In the future, Legal and Compliance will be assigned to President and CEO Joe Kaeser
- Andreas Christian Hoffmann will become new General Counsel and head of the Legal and Compliance Department, effective January 1, 2014
Peter Solmssen will resign from the Managing Board of Siemens AG by mutual agreement, effective December 31, 2013. A member of the Managing Board since October 2007, Solmssen has served as General Counsel and head of the Legal and Compliance Department. In the future, the Managing Board area Legal and Compliance will be assigned to President and CEO Joe Kaeser. Andreas Christian Hoffmann will be the new General Counsel and head of the Legal and Compliance Department. He will report directly to the President and CEO.
Siemens Corporation today announced that Barbara Humpton has been appointed CEO for the United States, effective June 1, 2018. Humpton (57) is currently CEO of Siemens Government Technologies, Inc. (SGT), a Federally-compliant U.S. organization structured to help address national imperatives in energy, infrastructure, automation and marine platforms.
- Eighty percent of Siemens employees worldwide now hold shares in the company
- Siemens distributes around €400 million to employees below management – mostly in the form of free shares
- Record number of employees participate in the company's success
Eighty percent of all Siemens employees worldwide are now also Siemens shareholders. In total, around 300,000 of the company's 377,000 employees worldwide hold Siemens shares. The company had aimed to have about 200,000 employee shareholders by 2020. This target has now already been exceeded by a clear margin. In January 2018, the number of employees holding shares in the company was still just 186,000.
At Siemens, Inclusion is a holistic mindset. Not only do we want to set an example of accessibility, we want to pave the way for inclusion in other companies. We have learned – you cannot prescribe inclusion in the interplay between man, environment and activity. You need to live accessibility and inclusion in the day to day. Our employees demonstrate how to overcome the “hurdles in the head” every single day – and we support them.
- Inclusion as an integral part of the corporate culture and diversity strategy
- New inclusion agreement: digitalization opening up new possibilities for integrating individuals with disabilities
Siemens has won Germany's Inclusion Prize in the Company category for its activities to foster the inclusion of disabled employees. The prize was presented in Berlin, at a ceremony attended by German Federal Minister of Labor and Social Affairs Hubertus Heil. Awarded by the German Federal Employment Agency, the Confederation of German Employers' Associations, Germany's Charter of Diversity and the German Business Forum, the Inclusion Prize for Business is awarded to honor exemplary inclusion practices.