- Agreement signed with International Labour Organization (ILO)
- The G7's Vision Zero Fund aims to improve occupational safety at factories and construction sites worldwide
- Siemens is the first company to make financial contributions and provide logistical support
Siemens is helping improve occupational health and safety worldwide. The company has signed an agreement with the International Labour Organization (ILO) and committed to providing financial and logistical support for the Vision Zero Fund (VZF) initiated in 2015 by the Group of Seven (G7) countries. The VZF aims to bring together governments, non-governmental organizations, companies, foundations and other institutions in order to improve working conditions for people worldwide. Implementation of the initiative has been assigned to the ILO.
- Extended Digital Enterprise portfolio for discrete and process industries
- Machine and plant builders use digitalization to develop new business models and speed up time-to-market
- Digitalization applications enhance flexibility, efficiency and quality
- Extended "MindSphere-Lounge" over an area of 1,400 square meters
Siemens will be exhibiting at the "SPS IPC Drives" 2017 with an array of applications and examples of how machine and plant builders can sharpen their competitive edge with digitalization. Exhibiting under the banner "Discover the Value of the Digital Enterprise" in Hall 11 across an impressive 4,400 square meter exhibition space, the company will be presenting the latest additions to its Digital Enterprise portfolio. Innovations featured range from new software versions for more efficient engineering through digital drive systems to the open cloud-based IoT operating system MindSphere, which opens up scope for new business models to machine and plant builders. This allows companies across the discrete and process industries to enhance their flexibility, efficiency and speed, for instance by using a "digital twin" to simulate products, production processes or plants and optimize them across the entire value chain.
- Establishment of an occupational training center in the Ain Sokhna area
- Training 5,500 Egyptian youth over the next four years
- Agreement supports localized knowledge transfer and skills building in Egypt
To drive employment opportunities for Egyptian youth and increase workforce localization in line with Egypt Vision 2030, Germany's Federal Ministry for Economic Cooperation and Development (BMZ) and Siemens have signed a strategic alliance agreement to support occupational training in Egypt, with total investment of more than 22 million euro.
- Continuous transformation as a recipe for success
- Unchanging characteristics as an innovative, quality-minded, customer-oriented, international, crisis-tested, adaptable and responsible company
- Digitalization as an important pillar for the future
On October 12, 1847, the predecessor of today's Siemens AG was founded in a workshop tucked away at the back of a Berlin courtyard. In the course of the 170 years that followed, Siemens constantly reinvented itself, survived crises, and continuously adapted its portfolio – thus proving itself capable of change. Today, Siemens is one of the leading companies in the field of digitalization. Over the decades, certain constants – such as internationality, a quality mindset and customer orientation – have remained guarantors of success. The guiding principle behind all this? "Whatever we do must offer long-term benefits and generate value – for our shareholders, employees and customers as well as our business partners and society," said Siemens AG President and CEO Joe Kaeser.
Sabrina Soussan (48) and Michael Peter (51) have been appointed to succeed Jochen Eickholt (55) as head of Siemens' Mobility Division, effective October 1, 2017. Eickholt has been appointed integration manager for the announced merger of Siemens' and Alstom's mobility businesses, effective the same date.
The Supervisory Board of Siemens AG has extended the appointment of Ralf Thomas as Chief Financial Officer ahead of schedule. His term of office will now continue until September 2023. Following the early extension of CEO Joe Kaeser's contract in August, this move is a clear signal of the company's commitment to continuity.
- Siemens China to lead the company's global R&D in autonomous robotics
- Innovative solutions to help build "digital cities" across the country
- Agreement to create Hong Kong's first smart city digital hub powered by MindSphere
- Open innovation eco-system for China and the world
Siemens China will lead the company's global research in autonomous robotics. As part of Siemens' innovation strategy to master technology fields that are critical for future success, a global research community comprising experienced experts from around the world will focus on the research and development of new mechatronics systems, human-robot collaboration and the application of artificial intelligence in robotic controllers. In line with this strategic move, Siemens has also entered into a partnership with Tsinghua University, one of Siemens' Center of Knowledge Interchange universities, to jointly set up a robotics research center in Beijing.
- 1,700 young people begin apprenticeship or work-study programs
- A further 600 apprentices from external partners
- International training program in Berlin again with 31 new participants
- Europeans@Siemens renamed International Tech Apprenticeship@Siemens (ITA@S)
Around 2,300 young people have begun vocational training this year at Siemens in Germany alone. About 1,700 are being trained for professional careers at the company, while a further 600 are from external partners. As in previous years, around 80 percent will focus on technical fields and IT. Siemens offers apprenticeships in electronics, mechatronics, machining and specialized informatics, for example. Roughly 40 percent of the training positions are in work-study programs, whose participants can earn a bachelor's degree (bachelor of engineering or science) or complete a fully integrated work-study program at Baden-Wuerttemberg Cooperative State University in addition to the usual German Chamber of Industry and Commerce degree.
- Revenue rose 8% compared to Q3 FY 2016, to €21.4 billion, including a strong performance by short-cycle businesses
- Orders came in 6% lower, at €19.8 billion, due to sharply lower volume from large orders at Power and Gas and at Siemens Gamesa Renewable Energy, the business resulting from the merger of Siemens' wind power business with Gamesa Corporación Tecnológica S.A. (Gamesa) beginning with Q3 FY 2017; the book-to-bill ratio for Siemens overall was 0.93
- On a comparable basis, excluding currency translation and portfolio effects, revenue rose 3% and orders were 9% lower
- Profit Industrial Business rose 3% to €2.3 billion; as expected, negative merger and acquisition effects related to Gamesa and Mentor Graphics Corporation (Mentor Graphics) reduced Industrial Business profit margin to 10.4%
- Net income rose 7%, to €1.5 billion; basic earnings per share (EPS) of €1.74, up from €1.64 in Q3 FY 2016 despite negative merger and acquisition effects
"Our global team delivered a solid quarter with revenue up 8% and net income growing by 7%. Our digital enterprise business impressively underscored its leading position in the market. We are fully on track with Vision 2020 and for another strong year."
- Supervisory Board decides to extend Kaeser's appointment until 2021
- Following successful implementation of Vision 2020, focus on next steps
The Supervisory Board of Siemens AG has extended Joe Kaeser's appointment as President and Chief Executive Officer ahead of schedule. His term of office will now extend until the Annual Shareholders' Meeting in 2021. This move is intended to ensure the continuity and stability needed for sustainable and successful implementation of the company's Vision 2020 strategy program. "Over the past few years, Mr. Kaeser has driven Siemens' realignment with great dedication and entrepreneurial spirit," said Supervisory Board Chairman Gerhard Cromme. "He's not only a guarantor of success, but also of stability in increasingly turbulent times. From the perspective of the Supervisory Board, it's all the more gratifying that we'll be continuing the extremely successful collaboration with Mr. Kaeser, which is based on the highest levels of trust."