Siemens has received authorization from Germany’s Federal Financial Supervisory Authority (BaFin) to engage in banking operations. The Siemens Bank GmbH will support sales at the company’s three operating Sectors – Industry, Energy and Healthcare – by expanding, with loans and guarantees, the product portfolio of Siemens’ financial services unit in the area of sales financing, in particular. Through deposit banking activities, the bank will also increase the flexibility of Siemens’ internal financing operations and optimize risk management. Future customers are expected to include primarily businesses, public authorities and project companies. The new bank will not offer products for private individuals. The Siemens Bank will be headquartered in Munich, Germany, and begin operations shortly.
Siemens has the best knowledge management in Europe: The Company emerged on top in a field of 41 competitors for this year’s “The European Most Admired Knowledge Enterprises (MAKE)” ranking. “An important step to increase Siemens' innovation power and capability is to extend the R&D network across all departmental boundaries and to include external partners into our innovation value chain. Therefore at Siemens, the days of closed doors in the labs are over. Winning the MAKE Award is a great success and proves that Siemens is among the top performers in knowledge creation and management worldwide", says Prof. Hermann Requardt, member of the Managing Board of Siemens AG and responsible for Siemens’ central research unit Corporate Technology and for the Siemens Healthcare Sector. This marks the eighth time since 2001 that Siemens has been among the best finalists in this study, which is conducted annually by the UK-based consulting firm Teleos. And Siemens is also among the top 20 companies in the worldwide ranking. The Siemens light-subsidiary Osram also was honored: On December 2, within the Handelsblatt-conference “Open Innovation” Osram received the 2010 Best Open Innovator Award in the “corporate division” category.
Red Bull Racing and Sebastian Vettel became double World Champions in 2010 winning the Constructors and Drivers championships. Red Bull Racing develops and manufactures its championship winning car using Siemens’ software for Product Lifecycle Management (PLM). The software forms the highly efficient digital backbone of the manufacturing process and enables new components to be designed at high speed on the computer, sent into production seconds later by a mouse click and then built into the vehicle. This speeds up development and improves lap times. “Siemens PLM software plays an important role within the company feeding data from our design engineers to our manufacturing facilities. This contribution should not be underestimated,” said Christian Horner, Team Principal of the Red Bull Racing team. In addition, Siemens is now reducing the energy consumption and CO2 emissions of the team’s factory buildings and production systems in Milton Keynes, England – making Red Bull Racing a pioneer in the racing world.
Siemens researchers and developers worldwide reported 8,800 invention disclosures in fiscal year 2010. That’s 15 percent more than in the previous year and corresponds to 40 inventions each business day. All in all, it’s another demonstration of the innovative power of the more than 30,000 R&D employees who work at Siemens. The total number of patents granted increased from 56,000 in 2009 to 57,900. At an awards ceremony in Munich on November 22, Siemens CEO Peter Löscher honored 12 particularly successful research and development employees as “Inventor of the Year.” These 12 alone account for around 1,300 granted individual patents. “Siemens owes its pioneering achievements and its leading position throughout the world to extraordinary personalities such as these,” said Löscher. “Our research and development specialists are laying the foundation for sustainable growth far into the future. And we will once again be investing considerable funds into research and development in fiscal year 2011.”
In terms of environmental sustainability, Curitiba is Latin America's greenest metropolis, with other Brazilian cities, too, scoring above average. This is one of the results of a unique comparative study of 17 major Latin American cities carried out by the Economist Intelligence Unit on behalf of Siemens. Siemens presented the study findings at the World Mayors Summit on Climate in Mexico City. "The Latin American Green City Index will help the cities to learn more from each other, and forms an objective basis for an exchange of ideas on successful strategies," says Peter Löscher, President and CEO of Siemens. "We are providing the cities in question with important information on efficient climate protection, and partnering with them in developing comprehensive, sustainable infrastructure solutions."
Christian Oecking (48) is now Managing Director and Chairman of the Management Board of SIS. Martin Bentler (49), Rainer Koppitz (42) and Thomas Zimmermann (42) continue as members of the Management Board of the IT service provider.
We completed fiscal 2010 very successfully. We are coming out of the economic downturn with full momentum. Our growth is gaining speed. Operationally, we achieved record profit twice in a row. We expect to take this positive momentum into the next fiscal year. We have to keep winning, order by order. We expect clear growth in new orders compared to fiscal 2010. Also, revenue should again grow moderately. We expect to continue the positive trend in earnings growth.
With its new target system for sustainable company development, Siemens is once again increasing the emphasis on growth. The One Siemens system sets ambitious growth and capital efficiency targets that the company intends to reach consistently from now on. “After twelve years of transformation, Siemens is again a normal world-class company. Over the last few years, Fit 4 2010 has enabled us to streamline Siemens for profitability and to give our company new clout. With One Siemens, we’re going to accelerate the pace and expand our strong position sustainably,” said Siemens President and CEO Peter Löscher. The target system charts a clear course: Siemens will concentrate primarily on innovation-driven markets like environmental technology, the high-growth emerging countries and the service business. As customers for comprehensive infrastructure solutions, cities will become a stronger focus for the company’s sales activities.
In fiscal 2010, Siemens generated the largest operating profit in its history. Total Sectors profit rose four percent to €7.8 billion. Net income climbed 63 percent to €4.1 billion. Growth picked up speed once again during the year. While declining in the first two quarters, new orders and revenue rebounded sharply in the second half-year. For the full fiscal year, new orders increased by three percent to €81.2 billion, while revenue stabilized at €76 billion. “We completed fiscal 2010 very successfully. We’re coming out of the economic downturn with full momentum. Our growth is gaining speed. Operationally, we achieved record profit twice in a row. We expect to take this positive momentum into the next fiscal year. We have to keep winning, order by order,” said Siemens President and CEO Peter Löscher.