- At €57.1 billion, revenue at prior-year level; orders decline slightly to €60.0 billion
- At €7.6 billion, adjusted EBITA for Industrial Businesses only slightly below prior-year level; adjusted EBITA margin of 14.3 percent (FY 2019: 14.4 percent) stable at a high level
- Net income of €4.2 billion (FY 2019: €5.6 billion)
- Free cash flow up substantially to €6.4 billion (FY 2019: €5.8 billion); highest level in past ten years
- Vision 2020+ execution successfully driven
- Total dividend of €3.50 per share (FY 2019: €3.90)
- Outlook: Siemens expects moderate rise in net income for FY 2021 despite significant burdens from currency translation effects
In extremely difficult economic times, Siemens AG delivered a strong financial performance in fiscal 2020 (ended September 30), while successfully driving the Group’s historic transformation. Despite the major challenges worldwide caused by the COVID-19 pandemic, Siemens successfully completed its fiscal year with a strong fourth quarter. In appreciation of their outstanding performance during the crisis, Siemens is paying about €200 million in bonuses to its employees worldwide. Shareholders are also to participate in the company’s business success and financial strength. For this reason, the Managing Board and Supervisory Board are proposing to the Annual Shareholders’ Meeting a dividend of €3.00 plus an additional €0.50, for a total of €3.50 per share. Adjusted by ten percent to take account of the market value of the Siemens Energy spin-off, this amount is at the same level as the prior-year dividend of €3.90.
- Siemens, MW Storage International, Fluence and Vibeco develop unique ecosystem for global beverage manufacturer
- Solution to enable new levels of energy optimization
- Encompasses software, financing, latest storage technology
- Sinebrychoff’s first energy storage service contract
In a move that brings new market opportunities for industrial players, Siemens has developed a unique business model to support the next level of energy optimization for Finnish brewery Sinebrychoff, a subsidiary of the international Carlsberg Group. At the heart of the solution, which will be implemented at Sinebrychoff’s plant in greater Helsinki, is a virtual power plant (VPP) and the latest energy storage technology, supported with financing solutions, to create one of the first examples of power flexibility in an industrial site.
- Siemens Global Business Services’ expertise in business processes to be
combined with the Celonis Execution Management System
- Optimization of key business processes in multiple areas such as procurement,
sales, accounting and HR in operations of customers
- Focus on digitalization and operational process automation – enhanced by artificial
Siemens Global Business Services (GBS), the provider of business processes and services within Siemens AG, and Celonis, the market leader in Execution Management Systems (EMS), have today signed a letter of intent to enter a strategic partnership. Through this collaboration, the partners aim to help customers by enabling them to optimize their internal processes even faster across all parts of their companies. By combining the best solutions from their two worlds, Siemens GBS and Celonis aim to accelerate growth for the customers.
- Sale for price of €2.025 billion
- Another step in executing Vision
2020+ strategy for becoming a focused technology company
- New ownership structure offers Flender
optimal growth and development opportunities
- Long-term and reliable commitments agreed
upon for Flender’s employees and German locations
Board and Supervisory Board of Siemens AG have approved the sale of Flender GmbH
– a world-leading supplier of mechanical and electrical drive systems – to Carlyle.
The contracting parties signed a corresponding agreement today. The price is €2.025 billion (enterprise value). Siemens
recently gave its energy business independence through a public listing. By
selling Flender, the company is now promptly taking another important step in
the rigorous execution of its Vision 2020+ strategy for enabling Siemens
to become a focused technology company. Carlyle’s plans – following Flender’s successful
reorientation – are to further accelerate its growth and fully develop its
strengths through more independence and greater leeway for decisions. The sale also
makes it possible to forgo the originally planned spin-off and public listing
and thus offers a faster track to clarity for a successful future of Flender. The
transaction is expected to close in the first half of 2021 and is subject to
foreign-investment and antitrust approvals.
- Calibrant Energy to bundle latest distributed energy technologies and financing expertise of global leaders Macquarie and Siemens
- The joint venture will create Energy-as-a-Service solutions from a full range of energy technologies for corporate and municipal clients
Macquarie’s Green Investment Group (GIG), Siemens Smart Infrastructure and Siemens Financial Services (SFS) today announced the formation of Calibrant Energy (Calibrant), a joint venture that offers comprehensive onsite Energy-as-a-Service (EaaS) solutions at no up-front cost for its customers, which include corporate and industrial clients, as well as municipalities, universities, schools and hospitals.
- Sabine Reichel to leave company,
effective November 30, 2020
- Investor Relations to be assigned to
the CFO, effective October 1, 2020
Riesenhuber will head Siemens’ Investor Relations Department, effective December
1, 2020. She is succeeding Sabine Reichel, who is leaving the company for
personal reasons after the financial reporting for fiscal 2020 is complete. In
recent years, Reichel has carried significant responsibility for Siemens’ highly
successful capital-market communications, which have received multiple awards.
Just last year, she and Siemens’ Investor Relations were honored with the
German Investor Relations Award. Her successor, Eva Riesenhuber, has been
CFO and General Partner at Next47, Siemens’ global start-up unit, since 2018. As
Senior Vice President for mergers and acquisitions, she was previously responsible
start of the fiscal year on October 1, 2020, the company’s investor relations
function will, in addition, be transferred to Controlling and Finance, where it
will report directly to the CFO.
- Stock-exchange listing completes spin-off
of Siemens Energy AG
- Transaction shall create long-term
value for shareholders of both companies
- New Siemens AG to have clear focus on
shaping digital transformation of industry
Siemens has completed its structural realignment and thus successfully
executed a key part of its Vision 2020+ strategy concept. This morning’s
listing in the Prime Standard segment of the Frankfurt Stock Exchange completed
the quotation of Siemens Energy as a leader in the transmission and generation
of electrical power. This step begins a new chapter in the company’s history.
The independent Siemens companies Siemens AG, Siemens Healthineers AG and Siemens
Energy AG will work together within an ecosystem of common interests. In each
case, however, they will focus on the priorities and characteristics of their specific
businesses and industries. With some 240,000 employees, Siemens AG will
primarily concentrate on technologies that are driving advances in the digital
transformation of industry, in smart infrastructure and in sustainable transportation.
- Atos to deliver digital, integrated and cybersecurity solutions to support Siemens digital strategic objectives
- Siemens-Atos Global Alliance will pursue joint go-to-market growth opportunities
Siemens AG and Atos, a global leader in digital transformation, today announced the extension of their Customer Relationship Agreement within their strategic partnership, started in 2011. The agreement aims to accelerate Siemens’ digital objectives in the areas of services modernization and digitalization, data driven digital, cloud transformation and cybersecurity. It comes in the context of 5-year total €3 billion agreements which were separately signed with Siemens AG, Siemens Energy AG and Siemens Healthineers AG and include existing services as well as new business. As part of the agreement, Atos will also invest in innovation and digital modernization, in order to advance important innovation topics for Siemens.
situation after fire ravaged refugee camp in Moria on Lesbos – only makeshift
shelter for people on ships and in provisional tents
- CEOs Diess and Kaeser underscore humanitarian responsibility
- Funds go to the German Red Cross and its local partners, who
will coordinate the relief efforts
and the Volkswagen Group are jointly donating €5 million for immediate
humanitarian aid to displaced people in Moria and Greece. The situation for
people has worsened dramatically since fire ravaged the refugee camp in Moria
on Lesbos. They have been given makeshift shelter on ships belonging to the
Greek Navy and in provisional tents. The funds will be given to the German Red
Cross (DRK) to support the comprehensive aid initiatives of the International
Red Cross and Red Crescent Movement for displaced people in Greece.