- First cross-country project in the Middle East and Arab World connecting
the Emirati capital Abu Dhabi in the United Arab Emirates to Sohar in the
Sultanate of Oman; length of 303km
- The Oman section of the network marks the first railway system to be
delivered in history of the Sultanate of Oman
Siemens Mobility, together with its consortium partner Hassan Allam Construction, is
honored to announce that it has been awarded the Abu Dhabi – Sohar Design and
Build Railway Systems and Integration contract by Oman – Etihad Rail, a joint
venture co-owned by the two countries to deliver this network. Siemens Mobility and
Hassan Allam Construction will deliver the design, build and integration of the ETCS
Level 2 signaling, telecom and power supply systems over the 303-kilometer-long
Abu Dhabi – Sohar railway link. The signaling solutions are state-of-the art and
desert-proof. This project marks the first-ever cross-country railway network in the
Middle East and Arab world.
Siemens is supporting the new King Abdullah University of Science and Technology (KAUST) in Saudi Arabia, which has begun its academic instruction this semester. KAUST is a graduate research university in Thuwal on the Red Sea, with a diverse, international faculty and graduate student body. Siemens is a founding member of the partnership program KAUST Industrial Collaboration Program (KICP) which aims to intensify cooperation with industry on a regional and a global scale. The focus of the international university’s research activities will include renewable energy, environmental technologies, and material and biosciences.
- Siemens announces projects to be supported in the Third Funding
Round
- Up to US$ 30 million in funding to be awarded
- Siemens Integrity Initiative's
funding volume exceeds US$ 100 million
As part of the Siemens Integrity Initiative, which has a funding volume
of more than US$ 100 million, Siemens AG has named new projects to receive
funding in order to promote corruption-free markets.
- Siemens and Desert Technologies launch joint venture Capton Energy to develop and invest in solar and smart infrastructure in the Middle East, Africa and Asia
- Capton Energy aims to invest in projects of 1GW in aggregate and boost the supply of clean, stable and affordable power in under-served markets
Siemens and Desert Technologies have
launched a joint venture to develop and invest in solar and smart infrastructure in Africa,
the Middle East and Asia, as
announced today at Expo 2020 Dubai. The venture, Capton Energy – which aims to build
up a portfolio of investments in projects with an aggregate capacity of more
than 1 gigawatts (GW) – will support projects providing clean, reliable, and affordable energy in areas that need it most.
- Latest funding round backed with US$30 million
- Siemens Integrity Initiative promotes projects seeking to prevent and combat corruption and fraud
The Siemens Integrity Initiative promotes projects around the world that seek to combat corruption and fraud, supporting educational and training programs as well as Collective Action, which is building alliances against corruption in a joint effort between business and institutions to establish clean markets and ensure fair competition. The selection process favors projects that have a direct impact on the private sector and strengthen compliance standards and legal systems.
- 1,700 young people begin apprenticeship or work-study programs
- A further 600 apprentices from external partners
- International training program in Berlin again with 31 new participants
- Europeans@Siemens renamed International Tech Apprenticeship@Siemens (ITA@S)
Around 2,300 young people have begun vocational training this year at Siemens in Germany alone. About 1,700 are being trained for professional careers at the company, while a further 600 are from external partners. As in previous years, around 80 percent will focus on technical fields and IT. Siemens offers apprenticeships in electronics, mechatronics, machining and specialized informatics, for example. Roughly 40 percent of the training positions are in work-study programs, whose participants can earn a bachelor's degree (bachelor of engineering or science) or complete a fully integrated work-study program at Baden-Wuerttemberg Cooperative State University in addition to the usual German Chamber of Industry and Commerce degree.
- Saudi Aramco's "In-Kingdom Total Value Add" (IKTVA) program aims to localize the energy value chain with respect to manufacturing and service, train and employ young Saudi nationals, and foster future prosperity in the Kingdom.
- In partnership with Saudi Aramco, Siemens celebrated another milestone for the IKTVA program by producing the first gas turbine at the Siemens Dammam Energy Hub.
- In line with the Kingdom's Vision 2030, the local production of energy-related goods such as turbines has leveraged opportunities for Siemens to train and employ young Saudi nationals, and contribute towards creating a knowledge-based economy.
In line with Saudi Vision 2030 and Saudi Aramco's in-Kingdom Total Value Add (IKTVA) program, Siemens delivered its first gas turbine built in Saudi Arabia. The gas turbine, which will be installed at Saudi Aramco's new power plant as part of the Jazan refinery project, was produced at the Siemens Dammam Energy Hub, Saudi Arabia's first gas turbine manufacturing facility and the largest in the Middle East.
- Thomas Schaffer named CFO of Process Industries and Drives Division
- Michael Sen to leave the company
Thomas Rathmann (50) has been appointed Chief Financial Officer in the Executive Management of Siemens Healthcare GmbH for the launch of the new company, in which Siemens' separately managed healthcare business will be located as of May 1, 2015. He will succeed Michael Sen (46) as CFO of Siemens' healthcare activities. Mr. Sen is leaving Siemens at his own request.
- First-quarter revenue up 5% to €17.415 billion; on a comparable basis, excluding currency translation and portfolio effects, revenue up 3%
- Orders of €18.013 billion for a book-to-bill ratio of 1.03; 11% decline compared to Q1 FY 2014, which included a €1.6 billion order in Saudi Arabia
- Industrial Business profit of €1.819 billion 4% lower due mainly to Power and Gas as expected; Industrial Business profit margin within the expected range
- Income from continuing operations of €1.106 billion burdened outside the Industrial Business; furthermore negative swing within discontinued operations affects Net income which was €1.095 billion, with basic earnings per share (EPS) of €1.30
- Strong contribution to Free cash flow from Industrial Business
- During the first quarter, Siemens classified the hearing aid business as discontinued operations; prior-period results are presented on a comparable basis
- Portfolio milestones include closing the acquisition of the Rolls-Royce Energy aero-derivative gas turbine and compressor business in the first quarter; followed, in January 2015, by closing the divestment of the hearing aid business (expected pretax gain: approximately €1.6 billion), closing the divestment of Siemens' stake in BSH Bosch und Siemens Hausgeräte GmbH (BSH) (expected pretax gain: approximately €1.4 billion), and completing the contribution of the metals technologies business into a joint venture; furthermore, we expect a profit impact due to a funding commitment of €0.3 billion related to Unify Holdings B.V. in the second quarter
"The performance of most of our businesses was within our expectations. While some Divisions provided excellent performance, Healthcare needs to step up its efforts to quickly resume to its outstanding performance and Power and Gas will need a more comprehensive concept to return to historical margins longer turn."
- New orders up 12 percent – Revenue development nearly stable
- Book-to-bill ratio 1.20 – Order backlog at record level of €102 billion
- Double-digit growth in net income and earnings per share
Siemens delivered a sound quarter to start its fiscal year 2014. Supported by several major orders, new orders rose 12 percent year-over-year, while revenue development was nearly stable. "We delivered a sound quarter to start our fiscal year. As expected, market conditions were not in our favor. We continue to focus on our productivity program for the year, and on the actions we will take beyond 2014," said Siemens President and CEO Joe Kaeser.