- 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 held its virtual Annual Shareholders' on February 3, 2021.
Here you can find the opening and the speeches of Jim Hagemann
Snabe, Chairman of the Supervisory Board, and of Joe Kaeser, CEO.
- 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).
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.
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.
- Declared intermediate target for CO2 reduction achieved
- Sustainability index embedded into Managing Board compensation system
- Innovative digital ESG tool provides basis for comprehensive review of
sustainability risks in customers’ business operations
- Top ratings in Dow Jones Sustainability Index, in particular for innovation,
environment and cybersecurity
Siemens has
achieved its declared intermediate target for carbon reduction. The company has reduced the carbon footprint
of its own value chain by more than half (54%) since 2014. Siemens has thus exceeded
– by four percentage points – its goal of halving its global carbon
dioxide (CO2) emissions by
2020. Including Siemens Energy, the company has reduced its carbon emissions by
around 1.2 million tons of CO2 compared to its 2014 levels. Four
levers are being used to reduce carbon emissions: expanding the energy
efficiency program, using distributed energy systems, purchasing green power, and
reducing emissions in the vehicle fleet. Siemens intends to achieve climate
neutrality in its business operations by 2030. The company has recently published these details and other up-to-date information
on sustainability.
We published our Annual Report on December 1st, 2020. Please find the link below.
We released our financial figures for the fourth quarter and fiscal year 2020 on November 12, 2020. The Press Conference and the Analyst Call were broadcast live.