Siemens AG – with its 362,000 employees worldwide and 1,600 employees in South Africa – joins with the people of South Africa in mourning the passing of Nelson Mandela. "With the death of Nelson Mandela, we bid farewell to a man who is admired and honored all around the world for the battle for freedom that he waged unflinchingly and with total personal commitment. His unconquerable will, his charisma and his lifetime of achievement will remain for us a model and an inspiration," said Siemens President and CEO Joe Kaeser.
- Siemens honors 12 inventors with a total of 500 individual patents
- Investment in research and development climbs to €4.3 billion
The number of Siemens patents has risen to a record level. In fiscal 2013, the number of patents granted in continuing operations increased by five percent year-over-year to 60,000. Twelve Siemens researchers and developers, who together account for around 600 invention disclosures and 500 granted individual patents, played a leading role here. They were honored by Siemens as Inventors of the Year 2013 in Munich on December 4. "The technological expertise and knowhow of the Siemens inventors contribute substantially to our company's success," said Klaus Helmrich, the member of Siemens' Managing Board responsible for Human Resources and the company's Chief Technology Officer at the awards ceremony.
For the first time, Siemens' Annual Report 2013 is a combination of the company's previously separate Annual and Sustainability Reports. This report now shows Siemens' full spectrum of topics – from the company's strategic direction and business development in the Sectors to the most important sustainability aspects such as research and development, energy-efficient technologies, environmental protection and suppliers.
At the General Meeting of Works Councils in Berlin on November 20, the Chairman of the Central Works Council of Siemens AG, Lothar Adler, announced that he will leave the company at the end of May 2014, upon reaching mandatory retirement age. His term of office as a member of the Supervisory Board will end on the same date. Adler is thus no longer willing to extend his employment contract, as he had contemplated earlier.
- Joe Kaeser underscores trusted partnership with Russia
Russian President Vladimir Putin visited the production plant of Ural Locomotives yesterday as the company – a joint venture of the Sinara Group and Siemens AG – began the mass production of the new regional trains which go by the name of Lastochka in Russia. Putin was accompanied by Denis Manturov, Minister of Industry and Trade of the Russian Federation, Vladimir Yakunin, President of JSC Russian Railways, Dmitry Pumpyansky, Chairman of the Board of Directors of the Sinara Group, and Joe Kaeser, President and CEO of Siemens AG.
- Clear plus in orders, slight decline in revenue
- Income from continuing operations at €4.2 billion
- Profit includes €1.3 billion in charges related to Siemens 2014 (before taxes)
- At least 15 percent increase in basic earnings per share (net income) expected for fiscal 2014
Siemens AG met its previously adjusted targets for the fiscal year ended on September 30, 2013, thanks to a solid fourth quarter. Income from continuing operations was €4.2 billion, compared with €4.6 billion in the previous year. Total Sectors Profit included €1.3 billion (before taxes) related to the Siemens 2014 efficiency program. "With a solid fourth quarter, we completed an eventful year in fiscal 2013. Now we're looking ahead and concentrating on measures aimed at improving our profitability, which we are implementing rigorously and prudently. With realignment of the regions, we've made the first strategic moves," said Joe Kaeser, President and CEO of Siemens AG.
- Up to €4 billion in volume within the next up to 24 months
Siemens AG plans to carry out a share buyback of up to €4 billion in volume within the next up to 24 months. "We want to let our owners continually share in the company's success. To this end, we have defined a corridor for the company's capital structure in the framework of our 'One Siemens' financial system. We have committed to the shareholders and are holding to this commitment," said Ralf Thomas, Chief Financial Officer of Siemens AG.
We released our financial figures for the fourth quarter and fiscal year 2013 on November 07, 2013. The press conference was broadcast live on the internet.
- Orders and revenue for the fourth quarter came in 1% lower year-over-year, at €21.011 billion and €21.168 billion, respectively. On an organic basis, excluding currency translation and portfolio effects, orders and revenue both rose 3%.
- Total Sectors Profit declined to €1.609 billion, due mainly to €688 million in charges for the "Siemens 2014" program. The prior-year period also included substantial burdens on Total Sectors Profit.
- Income from continuing operations for the quarter was €1.075 billion and basic EPS was €1.20.
- Free cash flow from continuing operations was €4.357 billion, above the high level in the fourth quarter a year earlier.
- For fiscal 2013, orders rose 8% year-over-year, to €82.351 billion, due to a higher volume from large orders compared to the prior year, while revenue came in 2% lower, at €75.882 billion. Total Sectors Profit was €5.788 billion, including €1.276 billion in charges related to "Siemens 2014." Income from continuing operations was €4.212 billion. Siemens proposes a dividend of €3.00 per share, unchanged from fiscal 2012.
"With a solid fourth quarter, we completed an eventful year in fiscal 2013. Now we're looking ahead and concentrating on measures aimed at improving our profitability, which we are implementing rigorously and prudently. With realignment of the regions, we've made the first strategic moves."
- Sunil Mathur to head Siemens India
- Current India CEO Armin Bruck appointed CEO of Siemens Singapore
- Singapore CEO Lothar Herrmann to be new China Head
Sunil Mathur has been appointed CEO of Siemens’ Regional Company in India. Currently the CFO of the Regional Company in India, he will succeed Armin Bruck. Mathur has held a variety of positions at Siemens over the past 25 years. Bruck is moving from India to Singapore, where he has been appointed CEO of Siemens’ Regional Company in this country.