Michael Sen, member of the Managing Board of Siemens AG, will – additionally to his current duties – now be responsible for Siemens Gamesa Renewable Energy within Siemens' Managing Board. Until recently, Sen was a member of the management team of Europe's largest energy supplier and acquired extensive expertise in the management of listed equity investments. Sen is also responsible within Siemens' Managing Board for the company's healthcare business and its global services unit.
- Memoranda of Understanding to cooperate in the areas of power supply, industry, transportation and healthcare
- Focus on infrastructure investments and partnerships between public and private sectors
- Participation in "Make IT Alliance" to promote start-ups and technology companies in Africa
Siemens will work more closely with the African countries Uganda and Sudan in the areas of power supply, industry, transportation and healthcare. The African states signed the corresponding Memoranda of Understanding (MoU) at the World Economic Forum 2017 in the South African city of Durban. The documents were signed in the presence of Brigitte Zypries, German Federal Minister for Economics and Energy, Joe Kaeser, President and Chief Executive Officer of Siemens AG and further high-ranking personalities.
- Revenue rose 6% compared to Q2 FY 2016, to €20.2 billion, including a strong performance by short-cycle businesses, and orders were €22.6 billion, up 2% despite a high basis of comparison including orders totaling €3.1 billion in Q2 FY 2016 in Egypt; the book-to-bill ratio was 1.12
- On a comparable basis, excluding currency translation and portfolio effects, revenue rose 5% and orders increased 1%
- Strong margin expansion in nearly all industrial businesses due to strong operational execution, and a €138 million positive effect from pension plan amendments, took Industrial Business profit margin up to 12.1%
- Industrial Business profit climbed 18% year-over-year, to €2.5 billion
- Net income was level at €1.5 billion, despite a higher income tax rate and a lower contribution to net income from discontinued operations; basic earnings per share (EPS) of €1.79 compared to €1.78 in Q2 FY 2016
- At the end of Q2 FY 2017, Siemens acquired all shares of Mentor Graphics Corporation (Mentor Graphics) and, at the beginning of Q3 FY 2017, closed the merger of Siemens' wind power business with Gamesa Corporación Tecnológica S.A. (Gamesa)
"We delivered another strong team performance and continue to outperform the markets. In the second half of the fiscal year, we will focus on duly integrating Mentor Graphics and on a successful start of Siemens Gamesa Renewable Energy, while keeping a close eye on our operational performance. And there is more work to do."
We released our second quarter results for fiscal year 2017 on May 4, 2017. The Conference Call for journalists and the Analyst Call were broadcast live.
- Expansion of Siemens' offerings with industry-specific software for the mobility sector – rigorous implementation of digitalization strategy
- HaCon to be managed as separate legal entity and wholly-owned subsidiary of Siemens AG in the Mobility Division
- Transaction still subject to approval by antitrust authorities, with closing planned for first half of calendar 2017
Siemens is planning to acquire HaCon, a company headquartered in Hanover, Germany. The two parties have agreed not to disclose financial details. Pending the approval of antitrust authorities, the deal is expected to be concluded in the first half of calendar year 2017.
- First Daughter learns about two-track training in Germany as follow-up to White House forum
- Siemens training around 12,000 young people worldwide
- 655,000 employees upskilling in e-learning modules
- Total investment of more than 500 million euro a year in training and continuing education
During her trip to Germany, Ivanka Trump, First Daughter and Assistant to the U.S. President Donald Trump, visited Siemens' training center in Berlin. Accompanied by Joe Kaeser, President and CEO of Siemens AG, she talked to trainees and teachers at the facility to find out more about Germany's two-track training system. Ivanka Trump's visit to Berlin followed a roundtable on vocational education and workforce development that she hosted with German Chancellor Angela Merkel at the White House in March. At the event, Joe Kaeser, who was among the participants, made several commitments to President Trump regarding U.S. workforce development, including for example leading an industry effort to significantly expand apprenticeship programs in the United States.
On the first day of the Hannover Messe, April 24, 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 Factory as well as Process Industries and Drives Divisions. The Press Conference took place at 6:30 PM in the Trade Fair's Convention Center, Room 1 A/B. Mr Helmrich talked about current digitalization trends in the manufacturing and process industries under the heading "Discover the value of the Digital Enterprise".
adidas and Siemens today announced their intention to collaborate in the digital production of sporting goods. As part of a joint research and development program, the partners will be working to drive forward the digitalization of the adidas SPEEDFACTORY to ultimately develop capabilities for fast, transparent and individualized production.
- Setup underpins Dubai's position as key logistics hub, connecting East and West, North and South
- Decision supports legacy aspiration of Expo 2020 Dubai
- Siemens to strengthen Dubai's logistics sector through digitalization
Highlighting the importance of Dubai as a strategic logistics hub between East and West, North and South, Siemens has announced plans to set up its global logistics headquarters including its portfolio for airports, cargo infrastructure and ports in the emirate in the near future. The company will also target the site of Expo 2020 Dubai as the future location for this business after the exposition ends. The move supports the legacy aspirations of Expo 2020 Dubai, as well as the industrial and logistics developments in the emirate. Siemens sees great growth potential in the Middle East region and in the logistics market globally. The company expects this development to support its Vision 2020 and related logistics businesses, creating new growth opportunities globally.