Siemens researchers and developers worldwide reported 8,800 invention disclosures in fiscal year 2010. That’s 15 percent more than in the previous year and corresponds to 40 inventions each business day. All in all, it’s another demonstration of the innovative power of the more than 30,000 R&D employees who work at Siemens. The total number of patents granted increased from 56,000 in 2009 to 57,900. At an awards ceremony in Munich on November 22, Siemens CEO Peter Löscher honored 12 particularly successful research and development employees as “Inventor of the Year.” These 12 alone account for around 1,300 granted individual patents. “Siemens owes its pioneering achievements and its leading position throughout the world to extraordinary personalities such as these,” said Löscher. “Our research and development specialists are laying the foundation for sustainable growth far into the future. And we will once again be investing considerable funds into research and development in fiscal year 2011.”
In terms of environmental sustainability, Curitiba is Latin America's greenest metropolis, with other Brazilian cities, too, scoring above average. This is one of the results of a unique comparative study of 17 major Latin American cities carried out by the Economist Intelligence Unit on behalf of Siemens. Siemens presented the study findings at the World Mayors Summit on Climate in Mexico City. "The Latin American Green City Index will help the cities to learn more from each other, and forms an objective basis for an exchange of ideas on successful strategies," says Peter Löscher, President and CEO of Siemens. "We are providing the cities in question with important information on efficient climate protection, and partnering with them in developing comprehensive, sustainable infrastructure solutions."
Christian Oecking (48) is now Managing Director and Chairman of the Management Board of SIS. Martin Bentler (49), Rainer Koppitz (42) and Thomas Zimmermann (42) continue as members of the Management Board of the IT service provider.
We completed fiscal 2010 very successfully. We are coming out of the economic downturn with full momentum. Our growth is gaining speed. Operationally, we achieved record profit twice in a row. We expect to take this positive momentum into the next fiscal year. We have to keep winning, order by order. We expect clear growth in new orders compared to fiscal 2010. Also, revenue should again grow moderately. We expect to continue the positive trend in earnings growth.
We released our financial figures for the fourth quarter and fiscal year 2010 on November 11, 2010. The press conference was broadcast live on the internet.
With its new target system for sustainable company development, Siemens is once again increasing the emphasis on growth. The One Siemens system sets ambitious growth and capital efficiency targets that the company intends to reach consistently from now on. “After twelve years of transformation, Siemens is again a normal world-class company. Over the last few years, Fit 4 2010 has enabled us to streamline Siemens for profitability and to give our company new clout. With One Siemens, we’re going to accelerate the pace and expand our strong position sustainably,” said Siemens President and CEO Peter Löscher. The target system charts a clear course: Siemens will concentrate primarily on innovation-driven markets like environmental technology, the high-growth emerging countries and the service business. As customers for comprehensive infrastructure solutions, cities will become a stronger focus for the company’s sales activities.
In fiscal 2010, Siemens generated the largest operating profit in its history. Total Sectors profit rose four percent to €7.8 billion. Net income climbed 63 percent to €4.1 billion. Growth picked up speed once again during the year. While declining in the first two quarters, new orders and revenue rebounded sharply in the second half-year. For the full fiscal year, new orders increased by three percent to €81.2 billion, while revenue stabilized at €76 billion. “We completed fiscal 2010 very successfully. We’re coming out of the economic downturn with full momentum. Our growth is gaining speed. Operationally, we achieved record profit twice in a row. We expect to take this positive momentum into the next fiscal year. We have to keep winning, order by order,” said Siemens President and CEO Peter Löscher.
In fiscal 2014, Siemens wants to exceed the €40 billion revenue mark with green technologies. In fiscal 2010, Siemens generated revenue of around €28 billion with products and solutions from its Environmental Portfolio, compared to slightly less than €27 billion in fiscal 2009. The original target of generating revenue of at least €25 billion in 2011 was thus reached significantly earlier than planned. In 2010, the latest generation of high-efficiency transformers was also included in the technology company’s green portfolio for the first time. “Green innovations are our lifeblood. We’re the largest supplier of environmental technologies in the world. We want to – and we will – increase our advantage over our most important competitors,” said Barbara Kux, the member of Siemens’ Managing Board responsible for sustainability and the further development of the Environmental Portfolio.