Search Results

At this year’s Light+Building trade fair, Siemens will showcase its vision for transforming today’s passive buildings into learning and adaptive environments that intelligently interact with people. The company’s focus at this year’s show is “Building the future today”, outlining the innovations that will make this possible. These include cloud-based technologies, digital planning, occupant-centric building automation and services. New solutions for smart electrical infrastructure that seamlessly connects to the Internet of Things (IoT) are also at the core of this transformation. 

• Orders at €24.8 billion, down 2% from the strong prior-year level as sharply lower volume from large orders in Mobility more than offset increases in the majority of industrial businesses, particularly in Siemens Gamesa Renewable Energy (SGRE); revenue rose 1%, to €20.3 billion
• On a comparable basis, excluding currency translation and portfolio effects, orders declined 4% and revenue was down 1%; the book-to-bill ratio was a strong 1.22 and the order backlog reached a new high at €149 billion
• Adjusted EBITA Industrial Businesses declined to €1.4 billion, due mainly to a loss in SGRE and market weakness for short-cycle businesses; Adjusted EBITA margin Industrial Businesses was 7.3%, held back by €0.2 billion in severance charges, which reduced Adjusted EBITA margin Industrial Businesses by 1.0 percentage points
• Net income declined 3% to €1.1 billion and included substantially better results outside Industrial Businesses compared to Q1 FY 2019; basic earnings per share (EPS) rose 6% to €1.33

• Annual Shareholders’ Meeting ratifies acts of Managing and Supervisory Boards by large majorities

At today’s 54th ordinary Annual Shareholders’ Meeting of Siemens AG, shareholders approved the distribution of a dividend of €3.90 per share for fiscal 2019, as proposed by the Managing and Supervisory Boards. The dividend for fiscal 2019 was thus €0.10 higher than the dividend for fiscal 2018. The company has now increased its dividend six years in a row.

• Purchase price of €20.00 per SGRE share
• All shares held by Siemens to be transferred to future Siemens Energy
• Cooperation agreement signed for future joint projects
• Intensified cooperation between Siemens and SGRE will create savings of up to €900 million (NPV) for SGRE 

Siemens AG will acquire all the shares of Siemens Gamesa Renewable Energy (SGRE) held by Iberdrola S.A. At its regular meeting today, the Supervisory Board of Siemens AG approved the purchase of Iberdrola’s 8.1% stake in SGRE. The purchase price is €20.00 per share, which corresponds to a 32% premium on top of the average SGRE share price for the last 30 trading days. Siemens will pay the total amount of €1.1 billion from its own resources. All legal disputes between Iberdrola and Siemens will be settled.

• ÖBB orders 11 new Desiro ML trains from Siemens Mobility
• By the end of 2021, a total of 200 ML ÖBB Cityjets will be in service
• Further trains will be retrofitted with ETCS to ensure highest safety standards

ÖBB (Austrian Federal Railways) is calling up eleven trains from the existing framework contract for 200 Desiro ML trains from Siemens Mobility, thereby completing the contract. When the new trains are delivered by the end of 2021, a total of 200 Desiro ML ÖBB Cityjets will be in service and substantially enhance the quality of travel for passengers. Equipped with WLAN, air conditioning, power outlets, tables for opposite seats and many other amenities, the trains offer local commuters all the comforts and conveniences that previously were only available on long-distance trains.

• Focus on Industrial Internet of Things
• Former head of Strategy Department, Horst J. Kayser, responsible for Siemens’ Portfolio Companies 

Peter Körte (44) has been appointed the new head of Siemens’ Strategy Department, effective February 1, 2020. In this role, he will succeed Horst J. Kayser, who has been responsible for Siemens’ Portfolio Companies since the beginning of January and has headed the Strategy Department on an acting basis since that time. As head of Strategy, Körte will report directly to Deputy CEO Roland Busch. Körte currently heads the Digital Health unit at Siemens Healthineers’ Diagnostic Imaging business.

Effective February 1, 2020, Michael Hagmann (53) will be responsible for setting up Siemens Energy’s Investor Relations Department. He will report directly to Michael Sen, designated CEO of Siemens Energy.