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- Maturities of two, three, five, seven,
ten and twenty years
- Most favorable interest rates to
date for Siemens U.S. dollar bonds
- Strong demand – bond oversubscribed 2.5
times when price was determined
This year, the 1.4 million square meter Deutsche Messe exhibition site in Hanover, Germany will become 5G-ready. Deutsche Messe, which organizes international capital goods trade shows, has obtained a frequency allocation in the 3.7-3.8 GHz range from the Bundesnetzagentur (Federal Network Agency) and will set up one of the largest 5G zones in Europe, spanning 30 halls and buildings as well as the entire open-air ground. Siemens is playing a very specific role in this achievement. As one of the key exhibitors at the HANNOVER MESSE, Siemens is setting up a private 5G campus network with a focus on industrial use in one of the exhibition halls in Hanover. The network can be used by exhibitors during trade shows and, outside of trade show times, can be used by companies for tests and field trials.
- Revenue increased in first quarter to €14.1 billion, orders surged to €15.9 billion
- Adjusted EBITA Industrial Businesses jumped 39 percent year-over-year to €2.1 billion and adjusted EBITA margin to 16.0 percent
(Q1 2020: 11.7 percent)
- Net income rose substantially to €1.5 billion (Q1 2020: €1.1 billion)
- Free cash flow improved significantly to €1.0 billion (Q1 2020: €44 million)
- Net income in 2021 expected to be between €5.0 billion and €5.5 billion
Siemens AG has started off fiscal 2021 with a strong first quarter. From October to December 2020, orders, revenue and net income considerably exceeded both the prior-year figures and market expectations despite the still complex macroeconomic environment due to the COVID-19 pandemic and despite negative currency translation effects. As a result, Siemens has significantly raised its annual guidance for fiscal 2021 at key points.
- Siemens successfully completes leadership succession: Roland Busch new President and CEO at conclusion of Annual Shareholders’ Meeting
- Emotional farewell to predecessor Joe Kaeser after 40 years at Siemens AG
- Jim Hagemann Snabe reelected for four more years and confirmed as Supervisory Board Chairman
- Shareholders elect Grazia Vittadini and Kasper Rørsted to Supervisory Board
- Shareholders approve dividend proposal of €3.50 per share
Siemens AG has successfully completed the succession process for its top management. As long planned, Roland Busch (56) has succeeded long-serving President and CEO Joe Kaeser (63) as head of the Munich-based technology company. At the company’s virtual Annual Shareholders’ Meeting today, shareholders also confirmed, by a large majority, Supervisory Board Chairman Jim Hagemann Snabe (55) for another four-year term of office. In addition, shareholders elected Grazia Vittadini (51), Chief Technology Officer of Airbus and member of the Airbus Executive Committee, and Kasper Rørsted (58), CEO of adidas AG, first-time Supervisory Board members, likewise by large majorities. Their terms of office will run for four years. The total number of people following the virtual meeting, at which a total of around 350 questions were asked, peaked at 7,100.
- Annual Shareholders’ Meeting in virtual format due to corona pandemic
- Siemens bids farewell to Joe Kaeser after more than 40 years at the company
- Total shareholder return more than doubled since Kaeser took office in 2013
- Roland Busch new President and CEO of Siemens AG
- Jim Hagemann Snabe to stand for reelection for another four years and again assume Supervisory Board chairmanship
- Grazia Vittadini (Airbus) and Kasper Rørsted (adidas) nominated for election to Supervisory Board
The successful term of
office of long-serving President and CEO Joe Kaeser (63) will end today at
the Annual Shareholders’ Meeting of Siemens AG. As long planned, leadership of
the Munich-based technology company will be transferred from Kaeser to his
successor, Roland Busch (56) – a step that will mark the successful completion
of Siemens’ leadership succession process. Due to the COVID-19 pandemic, the
shareholders’ meeting is being held exclusively in a virtual format, in which
neither shareholders nor their proxies will be present in person.
- Siemens expands long-standing relationship supporting U.S. Air Force with proven digital capabilities to innovate in the defense industry
Siemens today announced the U.S. Air Force has selected
Teamcenter® software as the foundational system of record to support its digital acquisition and sustainment strategy for critical systems and technologies across the service. The selection of Teamcenter as the Air Force enterprise standard follows a 2019 indefinite-delivery / indefinite-quantity contract for $24.6 million to Siemens for licensing, maintenance and support.
- Digital Industries and Smart Infrastructure delivered sharply higher earnings compared to prior-year quarter
- Significant growth in China
- Detailed business figures for first quarter of fiscal 2021 to follow on February 3, 2021
Following a significantly better-than-expected business
performance, the preliminary operating results for Siemens’ businesses for the first quarter of
fiscal 2021 have exceeded market expectations. Driven by a strong improvement
in the automation business and software business of Digital Industries and
higher-than-expected growth in China, the operating results were substantially
higher year-over-year (yoy).
- Researchers from seven countries recognized for outstanding research
achievements and technologies
- Inventors come from all age groups and
all three Siemens companies
- Capacity for innovation remains high:
23 inventions per workday
- Investments of €4.9 billion in research
and development planned for fiscal 2021
For the 26th time, Siemens has recognized employees as Inventors of the Year to honor their outstanding research achievements. The 22 awardees from the three companies Siemens AG, Siemens Energy and Siemens Healthineers are from China, Germany, France, India, Israel, Spain and the U.S. Individual researchers as well as diverse research and development teams that work internationally were honored with the award.
- Grazia Vittadini from Airbus and
Kasper Rørsted from Adidas are being proposed to Siemens’ shareholders as new Supervisory
Board members
- Jim Hagemann Snabe to be nominated
again as candidate for Supervisory Board chair
- Proposals underscore importance of
diversity, sustainability and digitalization for Siemens’ Supervisory Board
- Election to be for a four-year term
in each case
Siemens is
proposing two candidates for election as new Supervisory Board members by its
shareholders at the Annual Shareholders’ Meeting on February 3, 2021:
Grazia Vittadini (51), Chief Technology Officer and member of the Executive
Committee at Airbus, and Kasper Rørsted (58), CEO of Adidas AG.