- 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."
We released our third quarter results for fiscal year 2017 on August 3, 2017. The Conference Call for journalists and the Analyst Call were broadcast live.
- 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."
- New version of Simatic PDM (Process Device Manager) Maintenance Station V2.0
- Further development based on Namur recommendations NE 105, NE 107 and NE 129
- Data collector for cyclic transfer of status data to cloud based systems
- Use of existing Simatic automation system communication structure
- Application independently of the automation and control system used
With its Simatic PDM Maintenance Station V2.0, Siemens is providing the ideal solution for efficient monitoring of intelligent field device statuses independently of the automation and control system used. Their integration is based on DD (Device Description)/EDD (Electronic Device Description) technology. Diagnostic, parameterization and status data from the field devices is read out cyclically and depicted in a clearly arranged format. The collected data can also be transferred using an export function for further processing in enterprise asset management or cloud-based condition monitoring systems. Version 2.0 has been further developed to comply with Namur recommendations NE 105, NE 107 and NE 129.
- Trade fair slogan "Digitalization in Machine Tool Manufacturing"
- Innovative digitalization and automation portfolio for the Digital Enterprise
- Integrated end-to-end ecosystem comprising digital platforms and over 40 applications
Digitalization is set to be the defining theme once again this year at the EMO in Hanover, the world's biggest fair for the machine tool industry. Under the banner "Digitalization in Machine Tool Manufacturing", Siemens will be demonstrating how machine tool users and manufacturers can benefit from digitalization with a presentation stretching over an area of around 1,200 square meters in Hall 25. Visitors to the booth can find out here how Siemens is driving forward digitalization in the machine tool industry from its leading position in the field. The Siemens trade fair presentation will focus on the company's extensive, integrated end-to-end digitalization portfolio. With this unique offering, the technology company will be showcasing ways in which machine tool manufacturers can significantly boost their production flexibility and efficiency, drastically reduce their engineering input and time to market, as well as consolidating and expanding their competitive standing in the global marketplace by digitalizing their operations.
- Upgrade of electric locomotives to DB "TechLOKs"
- Joint development of data analytics models
- Increase economic efficiency and availability of the locomotive fleet
DB Cargo AG has commissioned Siemens to equip its locomotive fleet for condition-based, predictive maintenance. The upgrade applies to Siemens locomotives of the 152 Series Eurosprinter ES64F and locomotives of the 170 and 191 Series, both Vectron types. For the 152 Series locomotives, Siemens will retrofit the necessary telemetric systems and network all locomotives with the "TechLOK" system used by DB Cargo. The contract has a term of six years.
- Trade fair slogan "Discover the value of the Digital Enterprise for the beverage industry"
- Digitalization enhances flexibility, efficiency and quality
- "Digital twin" boosts innovation rate and productivity
- MindSphere applications capture and analyze KPIs in the manufacturing and process sector
The Siemens slogan for this year's Drinktec, the world's leading trade fair for the beverage industry, exhorts visitors to "Discover the value of the Digital Enterprise for the beverage industry". On its booth encompassing around 240 square meters, Siemens will be demonstrating how industrial enterprises of all sizes can benefit from the digital revolution – from the digital value chain in the engineering process through to the in-line integration of machines.
- New spring-return actuators with 4 Nm torque
- New damper actuators with 2 Nm torque
- Easy installation and extreme flexibility
The Siemens Building Technologies Division is expanding its range of OpenAir damper actuators for heating, ventilation and air conditioning applications with spring-return models with 4 Nm of torque. At the same time, new features are being added to conventional damper actuators with 2 Nm of torque.
- Siemens will supply the technology for direct-current transmission
- Dragados partner is responsible for building and installing the offshore platform
- Six DC grid connections of the German North Sea were equipped by Siemens
Siemens has received another order from the German-Dutch grid operator, TenneT TSO, for a grid connection for offshore wind power plants in the German waters of the North Sea. The company will supply the entire technology for efficient direct-current transmission for the "DolWin6" grid connection. The Spanish partner, Dragados Offshore S.A., is a leading general contractor in the energy sector and is responsible for construction and offshore installation of the associated platform. The French supplier Nexans will supply the direct-current cables. TenneT tendered the supply and laying of the cables separately, and these services are therefore not part of Siemens' scope of supply. The order placed with Siemens is valued in high three-digit millions euros range. After it is completed, DolWin6 will be able to transmit enough electricity to supply just under one million German homes. Commercial commissioning is scheduled for 2023.
Siemens and The AES Corporation announced on July 11, 2017 their agreement to form a new global energy storage technology and services company under the name Fluence. The joint venture will deliver the Advancion and Siestorage energy storage platforms and will continue to develop new storage solutions and services. Fluence will empower customers around the world to better navigate the fragmented but rapidly growing energy storage sector and meet their pressing needs for scalable, flexible, and cost-competitive energy storage solutions. Its global headquarters will be located in the Washington, DC area with additional offices located in Erlangen, Germany and other cities worldwide. The transaction is expected to close in the fourth quarter of calendar year 2017, subject to regulatory and other approvals.