- On a comparable basis, excluding currency translation and portfolio effects, orders rose 8% and revenue increased 2%, with the majority of the industrial businesses contributing to growth
- On a nominal basis, orders rose 6%, to €91.3 billion; revenue was up slightly at €83.0 billion; the book-to-bill ratio was 1.10
- Industrial Business profit came in lower, at €8.8 billion, as profit increases in most industrial businesses did not fully offset sharply lower profit at Power and Gas
- Industrial Business profit margin excluding severance charges of 11.3%, clearly in the guidance range of 11% to 12%; profit margin including severance charges of €0.8 billion was 10.4% with most industrial businesses within or above their target ranges
- Net income up slightly at €6.1 billion; basic earnings per share (EPS) of €7.12; excluding severance charges, basic EPS at €7.88, well within the guidance range of €7.70 to €8.00
- Free cash flow rose to €5.8 billion, up 22% year-over-year
- Siemens proposes to raise the dividend €0.10 per share, to €3.80 per share
- Successful completion of share buyback program initiated in November 2015 with a volume of €3.0 billion; new share buyback program announced with volume up to €3.0 billion until November 2021
"We again delivered what we promised and fully reached our guidance which we raised at mid-year. This shows the strength of our global team which competed convincingly in both growth markets and difficult environments, and achieved another strong performance. In fiscal 2019 we will give our businesses even greater entrepreneurial freedom, and lay the foundation for execution of Vision 2020+."
- Volume of up to €3 billion
- Share buyback to be executed by November 15, 2021
Siemens announced a new share buyback program today. The new buyback, with a volume of up to €3 billion, is to be executed in the period ending on November 15, 2021.
We released our financial figures for the fourth quarter and fiscal year 2018 on November 8, 2018. The Press Conference and the Analyst Call were broadcast live.
- Vacuum circuit breakers and "clean air" insulation replace SF6 as switching and insulating medium
- SF6-free gas-insulated switchgear (GIS) for 145 kV, 40 kA, 3,150 A
- Combination with low power instrument transformers (LPIT) ensures a compact design
Siemens Energy Management received an order from Bergenshalvøens Kommunale Kraftselskap (BKK Nett) in Norway to supply the world's first SF6-free GIS with "clean air" and vacuum interruption systems for a voltage level of up to 145 kilovolts (kV). The switchgear is part of the Koengen substation in Bergen, which shall supply electricity from renewable energy sources to Norway's largest cruise ship seaport. Non-conventional systems for measuring current and voltage allow the switchgear to have a much more compact design. The start of the collaboration was celebrated on November 5, 2018, at Siemens' headquarters in Bergen. Commissioning is scheduled for end of 2019.
- Reduction of pollutant emissions, diesel generators can remain shut down
- Parallel supply with up to 12 MVA in dock and while berthed
- Flexible 50/60-Hertz (Hz) power supply
- Siemens takes on turnkey construction and service
Siemens has received an order from MV WERFTEN Wismar GmbH to supply and install turnkey Siharbor onshore power supplies. The onshore power supply system will be used to build "Global Class" cruise ships. Measuring 340 meters in length and providing space for more than 5,000 passengers, these vessels are the world's largest cruise ships, and great amounts of energy are needed for their construction. An onshore power supply with a capacity of up to 12 MVA provides this energy simultaneously in dock and on the quay. The order covers all the necessary components for powering the ships as well as the grid connection. It includes the complete substation, transformers, and medium-voltage switchgear. Siemens will also be responsible for service for a period of five years. The systems are expected to go into operation in the spring of 2019.
Agility is the ability to adjust rapidly to changing market conditions, capitalize on emergent business opportunities, and reduce costs or increase revenue streams in the process. In the wake of decarbonization, decentralization, and digitalization, it is the basis for grid operators' and utilities' future business success.
The Siemens booth at EUW 2018 presented combined solutions for electrification, automation, and digitalization that pave the way for multilayered, distributed, and connected grids, this way enabling the required degree of agility.
- SIEAERO leverages UAVs, artificial intelligence and digital twins to improve service of transmission lines
- Reducing the time for flight execution and data analysis from weeks or even months to a few days
Siemens has launched a new service approach for overhead line inspection called "SIEAERO" at European Utility Week 2018 in Vienna, Austria. For the first time artificial intelligence and a long-range unmanned aerial vehicle (UAV) are used to bring inspection of transmission lines to the next level. SIEAERO smart analytics software is utilizing artificial intelligence (AI) and machine learning to store, manage and analyze all data in one integrated software system. To reduce the needed amount of flights and inspection efforts drastically, SIEAERO is using a unique high-resolution multi-sensor-system that can record all needed data in one go. Compared to conventional overhead line inspection, SIEAERO service is fully automated, faster and more precise. Siemens has been working closely with German and Austrian transmission system operators (TSO) TenneT and APG on the development of SIEAERO overhead line inspection service since 2016. With both TSOs Siemens has worked on test cases and the validation of a comprehensive inspection approach.
- ETCS Baseline 3 train equipment for cross-border operation
- Commissioning approved for 12-car train
- Service on the Berlin – Munich route planned for timetable change in December 2018
Germany's Federal Railway Authority (EBA) has approved the ICE 4 for operation with the European Train Control System (ETCS) in Germany. With this approval, the passenger service can begin as planned on the Berlin – Munich route, which is equipped with the system. The ICE 4 is scheduled to operate on this line when German train operator Deutsche Bahn (DB) changes its timetable on December 9, 2018.
- Siemens successfully completed the first phase of its shallow water test of the Subsea Power Grid.
- The development program was conducted in collaboration with industry partners Chevron, Equinor, ExxonMobil, and Eni Norge.
- This will be the world's first Subsea Power Grid for medium voltage power distribution using pressure compensated technology.
Siemens has successfully concluded the first phase of its Subsea Power Grid shallow water test in Trondheim, Norway. Siemens, in collaboration with industry partners Chevron, Equinor, ExxonMobil, and Eni Norge, is in the final stages of a program to develop a barrier-breaking system that will become the world’s first Subsea Power Grid designed for distribution of medium voltage power using pressure compensated technology.
- Awarded Suzhou Metro Line 5 and Nanjing Metro Line 7 fully automated signaling system projects
- Trainguard MT is the state-of-the-art Communications Based Train Control (CBTC) system
Siemens Mobility was recently awarded the fully automated CBTC system for two key Chinese metro lines in Eastern China: Suzhou Metro Line 5 and Nanjing Metro Line 7. The cities, which collectively have more than 12 million residents, are two of the largest cities in the region. China's rapid urbanization in both cities requires fast and intelligent planning of transportation systems that will ease congestion and provide passengers a more reliable and efficient commute. Initial operations for both lines are planned for 2021.