- Medical equipment from Siemens Healthineers on the way
- Siemens Energy to deliver and run two A45-GT gas turbines in Beirut
- Free use for one year to support population worth about US$40 million
- Siemens CEO Joe Kaeser with German Foreign Minister Heiko Maas in Beirut
Siemens is helping the people of Lebanon rebuild in the wake of the tragic catastrophe of August 4. The company is quickly providing the stricken population with ultrasound systems and a mobile X-ray unit. In addition, Siemens Energy is offering to deliver and operate two gas turbines with a total electrical capacity of about 80 megawatts (MW) free of charge.
- Low-loss transmission of wind
energy for 1.1 million households
- Further contribution toward
decarbonizing energy supplies
Siemens Energy is supplying the
high-voltage direct-current (HVDC) power transmission technology for a further
offshore connection in the German North Sea. A corresponding contract was just
signed by the German-Dutch network operator TenneT and the BorWin5 Offshore
Consortium, consisting of Siemens Energy and Dragados Offshore. In 2025, the
platform BorWin epsilon, which is part of the BorWin5 project, will begin the
low-loss transmission of electricity produced by the EnBW He Dreiht wind farm
off the island of Borkum to the Garrel/Ost converter station around 230
kilometers distant. The transmission capacity of 900 megawatts is calculated to
serve over 1.1 million households with electricity. The project is a further
contribution toward decarbonizing Germany’s energy supply. BorWin5 marks the
seventh HVDC offshore grid connection project undertaken by Siemens Energy in
Germany with TenneT.
- Adjusted EBITA in Industrial Businesses climbs 8 percent to €1.8 billion
- Adjusted EBITA margin rises to 14.3 percent
- Strong free cash flow of more than €2.1 billion in Industrial Businesses providing liquidity and security
- Orders down 7 percent to €14.4 billion and revenue down 5 percent to €13.5 billion year-over-year
- Global uncertainties continuing in Q4
Despite major uncertainties due to the global COVID-19 pandemic, Siemens AG maintained its course very successfully in Q3 of fiscal 2020, both strategically and operationally. In a challenging macroeconomic environment, the company’s Industrial Businesses generated a strong EBITA margin of 14.3 percent. Adding 1.7 percentage points to this margin was a positive effect of €211 million at Digital Industries. Siemens successfully avoided major supply chain bottlenecks in connection with the COVID-19 crisis despite taking precautionary measures, which were in some cases substantial, to prioritize workforce health and safety. With free cash flow of more than €2.1 billion in its Industrial Businesses (€2.5 billion at Group level), Siemens has sufficient liquidity to master the COVID-19 crisis effectively – or to emerge from it even stronger than before.
- Klaus Helmrich to retire at end of March 2021 after 35 years at Siemens
- Cedrik Neike to succeed Helmrich as Managing Board member responsible for Digital Industries, effective October 1, 2020
- Matthias Rebellius to succeed Neike as Managing Board member responsible for Smart Infrastructure, effective the same date
- Effective October 1, 2020, Roland Busch to assume responsibility for fiscal 2021 as previously announced; Joe Kaeser to actively support transition and hand over CEO role to Busch upon completion of Annual Shareholders’ Meeting in 2021
- Succession process now concluded for Siemens AG’s leadership team with new Managing Board set up under leadership of Roland Busch, effective October 1, 2020, to lead next phase of Siemens’ transformation
Klaus Helmrich (62), the Managing Board member responsible for Digital Industries (DI), will retire upon expiration of his contract at the end of March 2021 after 35 years at the company. Cedrik Neike (47), the Managing Board member currently responsible for Smart Infrastructure (SI), will succeed him as of October 1, 2020. Matthias Rebellius (55) – currently SI’s Chief Operating Officer (COO) – has been appointed to the Managing Board and will assume responsibility for this unit.
- Transformational milestone in
execution of Siemens’ Vision 2020+ strategy
- Siemens Healthineers intends to
acquire 100 percent stake in U.S. healthcare company at a purchase price of around
$16.4 billion
- Acquisition to create global leader
in cancer research and therapeutics and support Siemens Healthineers’ equity
story
- Mixed financing through a capital
increase at Siemens Healthineers AG and intra-Group loans to Siemens
Healthineers
- Siemens AG’s stake in Siemens Healthineers
AG to decline to about 72 percent from 85 percent
- Siemens AG to remain long-term
majority shareholder in Siemens Healthineers
- Siemens
AG aims to maintain its current A+ / A1 rating
Siemens AG is
continuing to rigorously execute its Vision 2020+ strategy and therefore
expressly welcomes Siemens Healthineers AG’s acquisition of a 100 percent stake in Varian
Medical Systems, Inc. (NYSE: VAR), a U.S. company active in the area of cancer research and therapy. Payment
of the purchase price of around $16.4 billion is to be enabled by mixed
financing from the issuance of new Siemens Healthineers shares and the issuance
of bonds. The proceeds from the bonds are to be transferred within the Group to
Siemens Healthineers under customary market conditions.
- Siemens Energy to supply 20 compressor trains for a critical gas project in the Kingdom of Saudi Arabia (KSA)
- The project will enable the operator to manage its surplus gas volumes efficiently to meet seasonal demands
Siemens Energy was selected to provide centrifugal compressor systems for Saudi Aramco’s Hawiyah Unayzah Gas Reservoir Storage (HUGRS) project. The plant includes a gas injection facility with a capacity of 1,500 million standard cubic feet per day (MMSCFD) (42,475,270 cubic meters per day, or m3/d) and a withdrawal facility capable of processing up to 2,000 MMSCFD (56,633,693 m3/d) of gas.
- Siemens’ lightning information service detected about 329,000 lightning strikes in Germany in 2019 – down 26 percent on 2018
- Germany’s “lightning capital” in 2019 was the city of Speyer in Rhineland-Palatinate
- The fewest strikes were recorded in three Bavarian cities: Hof, Bayreuth and Schweinfurt
- Bavaria was the German state with the most lightning activity in 2019, Potsdam was the leader among state capitals
- The most lightning strikes in 2019 were recorded on June 12
- At European level, Trieste and surrounding area tops the ranking in Siemens’ 2019 lightning atlas
The city of Speyer in the state of Rheinland-Palatinate was Germany’s “lightning capital” in 2019. Siemens’ lightning information service BLIDS (which stands for Blitz-Informationsdienst von Siemens) detected just under 3.1 lightning strikes per square kilometer in Speyer in 2019. The cities of Rostock on the Baltic coast and Lübeck in the state of Schleswig-Holstein took second and third places with 2.6 and 2.5 ground flashes per square kilometer, respectively. Germany’s lowest density of lightning strikes was recorded in the Bavarian cities of Hof and Bayreuth, where considerably fewer than 0.1 lightning strikes per square kilometer were recorded. The Bavarian city of Schweinfurt, which was No. 1 in Siemens’ 2018 lightning atlas, was also at the bottom of the list, recording 0.1 lightning strikes per square kilometer in 2019. With lightning striking just under 2.3 times per square kilometer, Potsdam led the country’s list of state capitals in 2019, followed by the neighboring city of Berlin (rounded off: 2.2). Berlin is also the German state registering the highest lightning density, while Bavaria recorded the highest number of measured ground flashes in 2019. Overall, at 329,000, BLIDS recorded its lowest number of lightning strikes, around 26 percent fewer than in 2018.
- Mobile working two to three days a week as worldwide standard
- Managing Board approves new model for working independently of fixed locations
- Model based on transformation of leadership and corporate culture
- Siemens among first large companies to adjust working models permanently
Siemens will establish mobile working as a core component of its “new normal” and will make it a permanent standard, both during the global pandemic and beyond. The company’s Managing Board has now approved implementation of a corresponding model. The aim is to enable employees worldwide to work on a mobile basis for an average of two or three days a week, whenever reasonable and feasible. The coronavirus crisis and social distancing measures have shown that working independently of a fixed location offers many advantages and is possible on a much wider scale than originally thought. Worldwide surveys of Siemens’ employees confirmed their desire for greater flexibility and for personalized solutions when it comes to deciding where they work.
- Together, Industry
leaders Siemens and SAP will deliver integrated end-to-end software solutions across
product lifecycle, supply chain and asset management.
- Partnership leverages expertise and technology of both companies to provide
a true digital thread that helps enterprises eliminate process and information siloes,
drives digitalization and delivers a comprehensive solution for the 4th
industrial revolution (Industry 4.0).
- SAP will offer Siemens Teamcenter
software as the core foundation for product lifecycle collaboration and product
data management.
- Siemens will offer SAP® Intelligent
Asset Management solutions and SAP Project and Portfolio Management applications
to maximize business value for customers over the entire product and service lifecycle and enable new collaborative processes between manufacturers and
operators.
Siemens and SAP today
announced a new partnership that will leverage their industry expertise and bring
together their complementary software solutions for product lifecycle, supply
chain and asset management so their customers can deliver new innovation and collaborative
business models that will accelerate industry transformation globally. Through
this agreement, both SAP and Siemens will be able to complement and integrate
their respective offerings in order to offer customers the first truly integrated
and enhanced solutions for product lifecycle management (PLM), supply chain,
service and asset management. This will enable customers to form a true digital
thread integrating all virtual models and simulations of a product or asset with
real-time business information, feedback and performance data over the entire
lifecycle.