Search Results

• Siemens to supply two Advanced Distribution Management System (ADMS) for Alexandria Supervisory Control Center and West Alexandria Distribution Control Center
• Advanced metering infrastructure, including the supply of 300,000 smart meters, will be established during the project implementation
• Alexandria Electricity Distribution Company (AEDC) serves customers in Alexandria, a city with about five million inhabitants
• Implementing state-of-the-art software solutions and automation devices will help AEDC to increase efficiency and reliability of the electricity supply, while reducing electricity distribution losses
• This project funded by the Japanese International Cooperation Agency (JICA) has a value of about EUR 50 million

Siemens has been awarded a contract to upgrade the distribution management system and establish an advanced metering infrastructure for Alexandria Electricity Distribution Company (AEDC) – Lot 1 of a JICA-funded loan. As subsidiary of the state-owned utility Egyptian Electricity Holding Company (EEHC), AEDC is responsible for the distribution network of Alexandria Governorate, the second most populated governorate in Egypt. During the upcoming 30 months, Siemens will be implementing an ADMS control center for the West Alexandria region and a control center to supervise all distribution control centers in Alexandria. 

• The global charitable organization Siemens Caring Hands will provide $250,000 to Unlimited Tomorrow Global Initiative to secure prostheses for victims in Ukraine
• Siemens software is used for the personalized development and 3D printing of prostheses, enabling delivery directly to victims in the Ukraine

The war in Ukraine has produced numerous amputation victims. In total, more than 10,000 prostheses are needed in the country. To help those affected who have lost one or more limbs, Unlimited Tomorrow Global Initiative (UTGI) has launched a fundraising initiative in partnership with Singularity Group to deliver 100 of its personalized TrueLimb prostheses to Ukraine. Siemens Caring Hands is contributing to the initiative through an initial $250,000 donation, which will cover the costs for 25 victims.

• More than 1,300 apprentices and university students in work-study programs begin careers at Siemens locations across Germany in 2022
• Focus on personalized skill development
• Training program for digital-transformation qualifications expanded again
• Siemens invests €160 million a year in training programs

This year, as in 2021, more than 1,300 apprentices and university students in work-study programs will begin their work lives at Siemens locations across Germany. These traineeships include 800 positions at Siemens AG, 190 at Siemens Mobility, and 130 at Siemens Healthineers. In addition, 200 trainees from the company’s external partners are also beginning training programs offered by Siemens Professional Education. More than half of the overall number of traineeships are in work-study programs for university students. Siemens has one of the private sector’s largest and most innovative job training programs worldwide and invests €160 million a year in this area.

• New leadership appointments effective October 1, 2022
• Jenny Bofinger, currently head of Sustainability, will join the board of the newly formed International Sustainability Standards Board

Siemens AG today announced new leadership appointments in its Sustainability and Investor Relations departments, effective October 1. Eva Riesenhuber (49), currently head of Investor Relations, will assume the role of global head of Sustainability and Eva Scherer (38), currently Chief Financial Officer (CFO) of the Rail Infrastructure and Software Business Units at Siemens Mobility, is appointed head of Investor Relations.

• Orders for the third quarter climbed 7% year-over-year, reaching €22.0 billion despite substantially lower volume from large orders in Mobility, while revenue rose 11% year-over-year, to €17.9 billion, for a book-to-bill ratio of 1.23
• Orders rose 1% and revenue grew 4% on a comparable basis, excluding currency translation and portfolio effects
• Profit Industrial Business was €2.9 billion with a profit margin of 17.0%, both benefitting substantially from a €0.7 billion divestment gain in Mobility
• The Net loss of €1.5 billion for the quarter was due primarily to a previously disclosed nontax-deductible impairment of the stake in Siemens Energy recorded in the amount of €2.7 billion; corresponding basic earnings per share (EPS) were a negative €2.06 and EPS before purchase price allocation accounting (EPS pre PPA) were a negative €1.85 each including a negative €3.37 per share related to the impairment
• Again excellent Free cash flow from continuing and discontinued operations, reaching €2.3 billion for the quarter
• At the beginning of Q4 FY 2022, Siemens closed the sales of its stake in Valeo Siemens eAutomotive GmbH (Valeo Siemens) and the mail and parcel-handling business of Siemens Logistics, respectively, which subsequently resulted in cash inflows totaling €1.5 billion; such inflows are not included in Free cash flow

• Audit Committee recommends proposing to 2024 Annual Shareholders’ Meeting that PwC be elected independent auditors for fiscal 2024
• Comprehensive tendering process in accordance with current European legal norms
• Audit contract with PwC can be extended by the Annual Shareholders’ Meeting annually only through fiscal 2033

The Audit Committee of the Supervisory Board of Siemens AG has decided to recommend that the Supervisory Board propose to the shareholders at the Annual Shareholders’ Meeting in 2024 the election of PricewaterhouseCoopers GmbH, Wirtschaftsprüfungsgesellschaft, as independent auditors of Siemens’ financial statements for fiscal 2024 (start: October 1, 2023). This recommendation is the result of intensive discussions between the Supervisory Board, the Audit Committee and the Managing Board of Siemens AG and of a comprehensive tendering process in accordance with current European legal norms. 

• Orders climbed to €22.0 billion (Q3 2021: €20.5 billion), with substantial growth at Digital Industries and Smart Infrastructure
• Since start of fiscal year, orders grew 20 percent on a comparable basis to €67.2 billion (Q1-Q3 2021: €52.3 billion)
• In Q3, revenue increased by 4 percent on a comparable basis to €17.9 billion (Q3 2021: €16.1 billion)
• Profit Industrial Business surged 27 percent to €2.9 billion (Q3 2021: €2.3 billion)
• Net loss of €1.5 billion (Q3 2021: net income of €1.5 billion) impacted by €2.7 billion impairment of stake in Siemens Energy
• Outstanding Free cash flow at Group level of €2.3 billion
• Outlook adjusted only due to impairment of Siemens Energy stake

Siemens made significant progress as a focused technology company in the third quarter (ended June 30, 2022). The company leveraged growth opportunities in many key markets despite a continuing complex macroeconomic environment influenced by economic sanctions on Russia, high inflation and effects associated with the coronavirus pandemic. In addition, Siemens continued to avoid larger disruptions due to supply chain risks associated with electronics components, raw materials and logistics. 

• The two companies intend to work together to close gaps in the standardization of inductive charging systems
• Plans include technical collaboration and joint interoperability tests

Siemens and MAHLE intend to collaborate in the field of inductive charging of electric vehicles. Both companies have signed a letter of intent to this effect. “Wireless charging of electric vehicles is emerging as a major market for the future. In addition to making life considerably easier for drivers, who no longer have to fiddle with cables and connectors, it is a crucial requirement for the autonomous mobility of tomorrow. The transfer efficiency of wireless, inductive charging is comparable to plug-in systems,” said Stefan Perras, Head of Pre-development and Innovation for Charging Infrastructure at Siemens AG.