- Approximately
2,000 kilometers of modern, safe and integrated rail system to link 60 cities for people and goods across the country
-
Siemens
Mobility to provide 41 Velaro
eight car high-speed trains, 94 Desiro high-capacity four car regional train
sets and 41 Vectron freight locomotives
-
Turnkey
contract includes latest rail infrastructure technology, eight depots &
yards and 15-year maintenance agreement
-
Will
create sixth largest high-speed rail system in the world
-
To
complete all aspects of the project the consortium will create up to 40,000
local jobs
Siemens Mobility and its consortium partners Orascom
Construction and The Arab Contractors have signed a contract with the Egyptian
National Authority for Tunnels (NAT), a governmental authority under the
jurisdiction of the Ministry of Transport of Egypt, to create the sixth largest
high-speed rail system in the world. The Siemens Mobility share of the combined
contract is 8.1 billion EUR and includes the initial contract of 2.7 billion
EUR for the first line signed September 1, 2021.
- Will transform the everyday journeys of passengers across London and southeast England
- Siemens Mobility’s digital signalling and railway management systems make journeys smooth and seamless from station to station
- Complexities managed through careful testing and integration
With Siemens Mobility Communications-Based Train Control (CBTC) and rail systems technology at its heart, the Elizabeth line between Paddington and Abbey Wood opened today, 24 May, and is set to transform the everyday journeys of passengers across London and southeast England. Siemens Mobility delivered the central section signalling and the communication and control systems for the new line on behalf of Crossrail Ltd. The CBTC signalling and control system will enable high-frequency and automated train operation for the central section of the Elizabeth line. The technology was designed, manufactured, installed, tested and commissioned at Siemens Mobility facilities in both the United Kingdom and Germany.
Divestment of Commercial Vehicles
business to Meritor agreed
Purchase price (Enterprise value) of
around €190 million
Transaction expected to close by end
of this calendar year
Further successful milestone of
value creation for Siemens’ Portfolio Companies
Siemens has
agreed to sell its Commercial Vehicles business to Meritor. The move is another
step in the company’s rigorous implementation of its previously announced plan
to sharpen its portfolio as a focused technology company. Commercial Vehicles is
part of Siemens’ Portfolio Companies. The purchase price totals around €190
million, subject to working capital adjustments. Closing is expected, subject
to regulatory approvals, by the end of this calendar year.
- East Rail Line Cross-Harbour Extension equipped with new signaling system officially opens for revenue service
- 46 km East Rail Line now connects Chinese Mainland border, New Territories, Kowloon to Central Business Districts on Hong Kong Island
- Automatic train control system on the whole East Rail Line enhances operational efficiency
The East Rail Line Cross-Harbour Extension in Hong Kong successfully commenced passenger service on May 15, 2022, with Siemens Mobility’s Communications-Based Train Control system (CBTC). This completes the automation of the 46 km long East Rail Line connecting the Chinese Mainland border to the central business areas on Hong Kong Island and becomes the fourth railway line crossing Victoria Harbour. The Siemens Mobility digitalized signaling system helps provide passengers with the ability to reach the commercial, convention and financial hubs in the Wan Chai North and Admiralty areas in a faster, safer, and more seamless way.
We released our second quarter results for fiscal 2022 on May 12, 2022. The conference call for journalists and the analyst call were broadcast live.
We join the
international community in condemning the war in Ukraine and are focused on
supporting our people and providing humanitarian aid.
Siemens will exit the Russian
market as a result of the Ukraine war. The company has started proceedings to
wind down its industrial operations and all industrial business
activities.
Siemens was one of the
first companies to put all new business in and international deliveries to
Russia on hold while it evaluated the situation to ensure the safety of its
3,000 employees in the country.
Siemens will
exit the Russian market as a result of the Ukraine war. The company has started
proceedings to wind down its industrial operations and all industrial business activities.
The financial impact of this decision will be reported as part of the regular
disclosure on the second quarter results today on May 12, 2022.
- Orders rose 22 percent on a comparable basis to €21.0 billion (Q2 2021: €15.9 billion), with high growth rates at all industrial businesses
- At €17.0 billion, revenue increased 7 percent on a comparable basis (Q2 2021: €14.7 billion)
- Profit Industrial Business was €1.8 billion (Q2 2021: €2.0 billion) – due to impacts totaling €0.6 billion, mainly at Mobility, subsequent to sanctions imposed on Russia
- Net income was €1.2 billion (Q2 2021: €2.4 billion)
- Free cash flow for the Siemens Group increased to €1.3 billion and was thus even stronger than in the prior-year quarter (Q2 2021: €1.2 billion)
- Orderly wind down of industrial business activities initiated in order to exit the Russian market
Siemens continued
its growth path as a focused technology company also in Q2 (ended March 31,
2022). In Q2, the company leveraged increased growth opportunities in many key markets
despite a continuing complex macroeconomic environment and confirms its outlook
for the Siemens Group for the current fiscal year 2022. The impact on
profit in Q2 subsequent to sanctions imposed on Russia totaled €0.6 billion due
to impairments and other charges, mainly at Mobility. Siemens also initiated an orderly
wind down of its industrial business activities in order to exit the Russian
market.