The Supervisory Board of Siemens AG has extended the appointment of Managing Board member Lisa Davis (55) ahead of schedule. Her term of office will now continue until the end of October 2020. This move is a sign of continuity in the context of the implementation of the company's new Vision 2020+ strategy program. Her contract will subsequently extend automatically by one year until the end of October 2021, provided that neither Lisa Davis nor the Supervisory Board objects.
The digital transformation of the producing industry is gaining momentum. Companies from a wide variety of industries are already unlocking this potential – they are using end-to-end digitalization to create a lasting competitive edge by reducing time to market and increasing flexibility, efficiency, and quality. With Siemens Digital Enterprise solutions the technical prerequisites for the implementation of Industrie 4.0 are available and can be deployed in every application and companies of all sizes. At the SPS IPC Drives in Nuremberg, Germany, from November 27 to 29, 2018 – which took place this year under the motto "Digital Enterprise – Implement now" – Siemens showed in hall 11 how this can be done.
- Inventors come from Germany, Austria, France, Norway, Poland, India, China, Mexico and the U.S.
- 33 inventions per day in fiscal 2018
Siemens has honored 12 particularly resourceful researchers as Inventors of the Year 2018. Together, these scientists are responsible for some 590 inventions and 589 individual patents. Two of the inventors are from Germany, three from Austria and one each from Norway, France, Poland, Mexico, China, India and the United States. Their inventions range from new software that revolutionizes component design with 3D printing to an ingenious window coating that significantly improves the reception of cellular communication signals in trains.
Siemens has honored 12 particularly resourceful researchers as Inventors of the Year 2018. Together, these scientists are responsible for some 590 inventions and 589 patents. Two of the inventors are from Germany, three are from Austria, one is each from Norway, France, Poland, Mexico, China, India and the United States. Every year since 1995, Siemens has been presenting this award to its outstanding researchers and developers whose inventions have made major contributions to the company's strong performance. Since 2016, this award has also been presented to researchers from outside the company. In fiscal 2018, Siemens filed around 3,850 patents worldwide – an increase of 200 patents over the previous year. Worldwide, Siemens holds about 65,000 patents. In fiscal 2018, Siemens employees submitted about 7,300 invention disclosures. On a basis of 220 workdays during the year, this figure corresponds to about 33 inventions per day.
- Siemens to supply 19 net-gas, off-gas and recycle gas compressors for crude flexibility project
- The project will enable the refinery to process up to 420,000 barrels per day of offshore crude oil
Siemens was recently selected to provide 19 process reciprocating compressors for ADNOC Refining’s crude flexibility project at Ruwais Refinery-West. The project is intended to increase the refinery’s crude processing flexibility, enabling the site to process up to 420,000 barrels of oil per day of the local crude grade known as Upper Zakum, which is found offshore. The upgrade will improve the value of each barrel of oil and allow ADNOC to export more of its main onshore, lighter-grade Murban crude.
- On a comparable basis, excluding currency translation and portfolio effects, orders rose 8% and revenue increased 2%, with the majority of the industrial businesses contributing to growth
- On a nominal basis, orders rose 6%, to €91.3 billion; revenue was up slightly at €83.0 billion; the book-to-bill ratio was 1.10
- Industrial Business profit came in lower, at €8.8 billion, as profit increases in most industrial businesses did not fully offset sharply lower profit at Power and Gas
- Industrial Business profit margin excluding severance charges of 11.3%, clearly in the guidance range of 11% to 12%; profit margin including severance charges of €0.8 billion was 10.4% with most industrial businesses within or above their target ranges
- Net income up slightly at €6.1 billion; basic earnings per share (EPS) of €7.12; excluding severance charges, basic EPS at €7.88, well within the guidance range of €7.70 to €8.00
- Free cash flow rose to €5.8 billion, up 22% year-over-year
- Siemens proposes to raise the dividend €0.10 per share, to €3.80 per share
- Successful completion of share buyback program initiated in November 2015 with a volume of €3.0 billion; new share buyback program announced with volume up to €3.0 billion until November 2021
"We again delivered what we promised and fully reached our guidance which we raised at mid-year. This shows the strength of our global team which competed convincingly in both growth markets and difficult environments, and achieved another strong performance. In fiscal 2019 we will give our businesses even greater entrepreneurial freedom, and lay the foundation for execution of Vision 2020+."
We released our financial figures for the fourth quarter and fiscal year 2018 on November 8, 2018. The Press Conference and the Analyst Call were broadcast live.
- Volume of up to €3 billion
- Share buyback to be executed by November 15, 2021
Siemens announced a new share buyback program today. The new buyback, with a volume of up to €3 billion, is to be executed in the period ending on November 15, 2021.
Agility is the ability to adjust rapidly to changing market conditions, capitalize on emergent business opportunities, and reduce costs or increase revenue streams in the process. In the wake of decarbonization, decentralization, and digitalization, it is the basis for grid operators' and utilities' future business success.
The Siemens booth at EUW 2018 presented combined solutions for electrification, automation, and digitalization that pave the way for multilayered, distributed, and connected grids, this way enabling the required degree of agility.
- Siemens makes strong commitment for shaping the future of Germany as a location for industry
- Investment in the future of work in connection with manufacturing, researching, learning, and residential living in the new "Siemensstadt 2.0"
- Biggest single investment in the history of Siemens in Berlin
A commitment to Berlin and Germany: at the time-honored Siemens industrial estate in Berlin's Spandau district, Siemens AG plans to make its biggest single investment ever in the company's history in Berlin. In the coming years, up to €600 million are to be invested in a new world of working and living: Siemensstadt ("Siemens City") 2.0. This project, which covers an area of 70 hectares, aims to transform this large industrial area into a modern, urban district of the future for a diverse range of purposes. A further goal is to strengthen selected key technologies and innovation fields in collaboration with the scientific and business communities. To make this possible, this section of Berlin is to become home to centers of research and expertise, to start-up incubators and to research and scientific institutes as well as their partner companies.