- Orders of €20.5 billion (Q3 2020: €13.9 billion) reflect strong customer orientation and global economic recovery
- Revenue increased substantially to €16.1 billion (Q3 2020: €13.0 billion)
- Adjusted EBITA Industrial Businesses climbed 29 percent to €2.3 billion
- At 15.3 percent, Adjusted EBITA margin increased again (Q3 2020: 14.3 percent)
- At €1.5 billion, net income nearly tripled (Q3 2020: €535 million)
- Free cash flow of €2.3 billion (Q3 2020: €2.5 billion) again excellent
- Guidance for 2021 raised again – Net income of €6.1 billion to €6.4 billion expected (previous guidance: €5.7 billion to €6.2 billion), including effects in connection with the acquisition of Varian Medical Systems, Inc.
Siemens continued its accelerated high-value growth trajectory across all businesses and regions also in the third quarter. Despite the ongoing COVID-19 pandemic and negative currency translation effects, Q3 was characterized by outstanding market successes companywide and positive momentum provided by the global economic recovery. Ongoing supply chain challenges associated primarily with electronics components, raw materials and rising raw materials prices were successfully mastered. Compared to Q3 2020, which was noticeably affected by the pandemic, Siemens achieved considerable double-digit growth in orders and revenue and nearly tripled net income. Due to its strong performance in the first nine months, Siemens is again raising its guidance for fiscal 2021 and now expects companywide revenue growth of 11 percent to 12 percent (previous guidance: 9 percent to 11 percent) on a comparable basis – that is, excluding currency translation and portfolio effects – and net income of between €6.1 billion and €6.4 billion (previous guidance: €5.7 billion to €6.2 billion).
- Siemens Advanta and the Institute for Automotive Research (IfA) to explore innovative technologies in automotive sales and after-sales as part of Zukunftswerkstatt 4.0 (“Workshop for the Future 4.0”)
- Focus on practical research into new digital services and business models related to connected electric vehicles and autonomous driving
- Zukunftswerkstatt 4.0 to showcase automotive industry innovations to prepare companies for growing need to transform and innovate
Zukunftswerkstatt 4.0, which translates to “Workshop for the Future 4.0,” and Siemens Advanta, Siemens’ Business Unit for digital transformation consulting and implementation, are jointly exploring innovative technologies that span the customer journey in the field of automotive sales and after-sales. The aim is to develop new approaches for digital products and services in all areas related to connected electric vehicles and autonomous driving – and thus help shape the future of mobility.
- Veronika Bienert to succeed Roland Chalons-Browne as CEO
- Andreas Rudolf to become CFO
Veronika Bienert (48) will head Siemens Financial Services (SFS), effective
October 1, 2021. As CEO, she will succeed Roland Chalons-Browne (65), who
has successfully led SFS since 2010. Over the course of her international career
at the Siemens Group, Bienert has held several important positions as chief
financial officer (CFO) within Siemens’ international operating business. Andreas
Rudolf (54), who currently heads Siemens Pensions, will – also effective
October 1, 2021 – become CFO of SFS.
- Siemens’ lightning information
service recorded about 399,000 lightning strikes in Germany – 21 percent more
than in 2019
- City of Wolfsburg in Lower Saxony was
Germany’s 2020 “lightning capital”
- Germany’s lowest lightning densities
measured in Coburg, Bamberg and Mainz
- Hamburg was the German state with
the most lightning activity in 2020; Munich topped list of state capitals
- June 13 was the day in 2020 with the
most lightning strikes in Germany – over 89,000
- At the European level, Trieste and the
surrounding areas top the ranking in Siemens’ 2020 lightning atlas
The city of
Wolfsburg in Lower Saxony was Germany’s “lightning capital” in 2020. Siemens’
lightning information service BLIDS (which stands for Blitz-Informationsdienst
von Siemens) detected just under 5.8 lightning strikes per square kilometer there
in 2020. The towns of Kempten in the Allgäu region and Miesbach in the region
of Upper Bavaria took second and third places with 5.1 and 4.7 ground flashes
per square kilometer, respectively. BLIDS recorded the lowest lightning density
in the Bavarian cities of Coburg and Bamberg, where considerably fewer than 0.1
lightning strikes per square kilometer were recorded in each case. Mainz, which
is the capital city of the state of Rhineland-Palatinate was also at the bottom
of the list, recording just under 0.1 lightning discharges per square kilometer.
With a lightning density of just under 2.3, Munich led the country’s list of
state capitals, followed by Hamburg (1.9). With this figure, the Hanseatic City
of Hamburg, which has the status of a federal state, also recorded the highest
lightning density among the German states. The state with the highest number of
ground flashes detected in 2020 was Bavaria, which accounted for a quarter of
all strikes measured. Overall, at 399,000 strikes, BLIDS recorded another
increase in lightning activity in Germany, up around 21 percent compared to 2019.
- 250,000 euros in immediate aid for first-aid organizations
- Unbureaucratic support planned for affected employees and locations
Siemens AG is making a short-term contribution to the fight against the
flood disaster in North Rhine-Westphalia and Rhineland-Palatinate and affected
regions outside of Germany, providing immediate aid of 250,000 euros to first
responders such as the German Federal Agency for Technical Relief and the
German Red Cross through Siemens Caring Hands e.V.
- Bavarian Minister-President Dr. Markus Söder kicks off H
2
lighthouse project for energy transition in Germany
- With 8.75 megawatts of electrical power, it will be one of Germany’s
largest carbon-free hydrogen generation plants
- Siemens Financial Services, Rießner Gase GmbH and SWW Wunsiedel GmbH
are investors in Wunsiedel’s WUN H2 operating company
- Plant to go into operation in
summer 2022 with an annual production of up to 1,350 tons of hydrogen and CO
2
savings of up to 13,500 tons
- WUN H2 to supply Northern Bavaria, Thuringia and neighboring part of
Czech Republic with hydrogen
Kickoff
for one of the largest green hydrogen projects in Germany: The official
groundbreaking ceremony in Wunsiedel marked the start of construction of a
hydrogen generation plant with a capacity of 8.75 megawatts. The facility will
produce up to 1,350 tons of hydrogen per year using only renewable energy, for
example from solar or wind power. Using the generated hydrogen in
transportation and industry allows for CO
2 savings of up to 13,500
annually.
- Siemens announces projects for Golden Stretch Round
- Committed funding to total US$20.5 million
- Volume of Siemens Integrity Initiative above US$100 million
Building on
the first three rounds of the Siemens Integrity Initiative, Siemens AG has
again announced projects to receive funding to drive and support clean markets.
Initially launched in 2010, the initiative has a volume of more than US$100 million. The new projects will enhance the initiative’s portfolio
to reach a total of 85 projects in over 50 countries and increase its committed
funding to nearly US$120 million.
Accelerating High Value Growth
Today the virtual Siemens Capital Market Day “Accelerating high value
growth” took place. Roland Busch and the Siemens leadership team outlined Siemens’ overall strategy as a focused technology company.
- Creating maximum customer impact by uniquely combining the real and digital worlds
- Focus on sustainability with ambitious “DEGREE” framework
- Updated Financial Framework with new financial targets for accelerated, high-value growth
- Comparable annual revenue growth of 5 percent to 7 percent over the business cycle (previously: 4 percent to 5 percent)
- Annual increase in earnings per share before purchase price allocations (EPS pre PPA) in high-single-digit percentage range
- Progressive dividend policy; new share buyback program of up to €3 billion – to begin in fiscal 2022 and run until 2026
- Outlook Fiscal 2021: Net income
continues to be expected in the range of €5.7 billion to €6.2 billion, however
now including the previously announced burdens in connection with the
acquisition of Varian
As part of its virtual
Capital Market Day entitled “Accelerating High Value
Growth,” Siemens AG is presenting its new growth strategy today. This strategy
is also reflected in ambitious new
Financial Framework targets, and it includes a comprehensive sustainability agenda.