- Revenue increased in first quarter to €14.1 billion, orders surged to €15.9 billion
- Adjusted EBITA Industrial Businesses jumped 39 percent year-over-year to €2.1 billion and adjusted EBITA margin to 16.0 percent
(Q1 2020: 11.7 percent)
- Net income rose substantially to €1.5 billion (Q1 2020: €1.1 billion)
- Free cash flow improved significantly to €1.0 billion (Q1 2020: €44 million)
- Net income in 2021 expected to be between €5.0 billion and €5.5 billion
Siemens AG has started off fiscal 2021 with a strong first quarter. From October to December 2020, orders, revenue and net income considerably exceeded both the prior-year figures and market expectations despite the still complex macroeconomic environment due to the COVID-19 pandemic and despite negative currency translation effects. As a result, Siemens has significantly raised its annual guidance for fiscal 2021 at key points.
- Siemens successfully completes leadership succession: Roland Busch new President and CEO at conclusion of Annual Shareholders’ Meeting
- Emotional farewell to predecessor Joe Kaeser after 40 years at Siemens AG
- Jim Hagemann Snabe reelected for four more years and confirmed as Supervisory Board Chairman
- Shareholders elect Grazia Vittadini and Kasper Rørsted to Supervisory Board
- Shareholders approve dividend proposal of €3.50 per share
Siemens AG has successfully completed the succession process for its top management. As long planned, Roland Busch (56) has succeeded long-serving President and CEO Joe Kaeser (63) as head of the Munich-based technology company. At the company’s virtual Annual Shareholders’ Meeting today, shareholders also confirmed, by a large majority, Supervisory Board Chairman Jim Hagemann Snabe (55) for another four-year term of office. In addition, shareholders elected Grazia Vittadini (51), Chief Technology Officer of Airbus and member of the Airbus Executive Committee, and Kasper Rørsted (58), CEO of adidas AG, first-time Supervisory Board members, likewise by large majorities. Their terms of office will run for four years. The total number of people following the virtual meeting, at which a total of around 350 questions were asked, peaked at 7,100.
- Annual Shareholders’ Meeting in virtual format due to corona pandemic
- Siemens bids farewell to Joe Kaeser after more than 40 years at the company
- Total shareholder return more than doubled since Kaeser took office in 2013
- Roland Busch new President and CEO of Siemens AG
- Jim Hagemann Snabe to stand for reelection for another four years and again assume Supervisory Board chairmanship
- Grazia Vittadini (Airbus) and Kasper Rørsted (adidas) nominated for election to Supervisory Board
The successful term of
office of long-serving President and CEO Joe Kaeser (63) will end today at
the Annual Shareholders’ Meeting of Siemens AG. As long planned, leadership of
the Munich-based technology company will be transferred from Kaeser to his
successor, Roland Busch (56) – a step that will mark the successful completion
of Siemens’ leadership succession process. Due to the COVID-19 pandemic, the
shareholders’ meeting is being held exclusively in a virtual format, in which
neither shareholders nor their proxies will be present in person.
Siemens was
the first global industrial company to commit to carbon neutrality by 2030.
This commitment is not contingent on international treaties or regulations; it
is based on the understanding that we have a responsibility to protect our
planet. From 2014 to 2020, Siemens has been able to minimize the carbon
footprint of its own value chain by more than half (54%), thereby exceeding its
original goal of halving its global carbon-dioxide emissions by 2020.
- Digital Industries and Smart Infrastructure delivered sharply higher earnings compared to prior-year quarter
- Significant growth in China
- Detailed business figures for first quarter of fiscal 2021 to follow on February 3, 2021
Following a significantly better-than-expected business
performance, the preliminary operating results for Siemens’ businesses for the first quarter of
fiscal 2021 have exceeded market expectations. Driven by a strong improvement
in the automation business and software business of Digital Industries and
higher-than-expected growth in China, the operating results were substantially
higher year-over-year (yoy).
In May 2011, the German national railway company concluded a framework agreement with Siemens Mobility for up to 300 trainsets. At this time the largest train contract that Siemens has ever won in its corporate history.
The ICE 4 sets new standards in intercity traffic. A unique train concept has been developed, that means it can be individually adapted to the requirements of various transport tasks. The modular drive concept is based on independent Powercars with identical traction technology, resulting in more flexibility than ever before. High operational availability is guaranteed by a large number of reliable systems with high redundancy.
All in all, DB will be receiving 1,511 cars with which it can configure 50 12-car, 50 13-car and 37 7-car trainsets.
In addition, Deutsche Bahn has awarded Siemens Mobility a contract for the revision of 40 ICE 4 trains.
- Researchers from seven countries recognized for outstanding research
achievements and technologies
- Inventors come from all age groups and
all three Siemens companies
- Capacity for innovation remains high:
23 inventions per workday
- Investments of €4.9 billion in research
and development planned for fiscal 2021
For the 26th time, Siemens has recognized employees as Inventors of the Year to honor their outstanding research achievements. The 22 awardees from the three companies Siemens AG, Siemens Energy and Siemens Healthineers are from China, Germany, France, India, Israel, Spain and the U.S. Individual researchers as well as diverse research and development teams that work internationally were honored with the award.
- Grazia Vittadini from Airbus and
Kasper Rørsted from Adidas are being proposed to Siemens’ shareholders as new Supervisory
Board members
- Jim Hagemann Snabe to be nominated
again as candidate for Supervisory Board chair
- Proposals underscore importance of
diversity, sustainability and digitalization for Siemens’ Supervisory Board
- Election to be for a four-year term
in each case
Siemens is
proposing two candidates for election as new Supervisory Board members by its
shareholders at the Annual Shareholders’ Meeting on February 3, 2021:
Grazia Vittadini (51), Chief Technology Officer and member of the Executive
Committee at Airbus, and Kasper Rørsted (58), CEO of Adidas AG.