Siemens held its virtual Annual Shareholders' on February 10, 2022.
Here you can find the opening and the speeches of Jim Hagemann
Snabe, Chairman of the Supervisory Board, and of Roland Busch, CEO.
We released our first quarter results for fiscal year 2022 on February 10, 2022. The Press Conference Call and the Analyst Call were broadcast live.
- Orders increased 42 percent on a comparable basis to €24.2 billion (Q1 2021: €15.9 billion) on high growth rates at all industrial businesses
- Revenue rose 9 percent on a comparable basis to €16.5 billion (Q1 2021: €14.1 billion)
- Profit Industrial Business was €2.5 billion, a significant increase of 12 percent (Q1 2021: €2.2 billion)
- Net income climbed 20 percent to €1.8 billion (Q1 2021: €1.5 billion) – Outlook confirmed
- At €1.1 billion, free cash flow even stronger than in prior-year quarter (Q1 2021: €1.0 billion)
- Divestment of stake in joint venture Valeo Siemens eAutomotive and of the post and parcel business of Siemens Logistics agreed
- Virtual Annual Shareholders’ Meeting to decide on dividend proposal of €4.00 per share for fiscal 2021 (fiscal 2020: €3.50)
Siemens got
off to a very successful start in fiscal 2022 and continues to rigorously
execute its strategy as a focused technology company. In Q1 (ended December 31,
2021), the company leveraged growth opportunities in many key markets to
achieve increases across all industrial businesses. The outlook for the current
fiscal year 2022 was also confirmed. At the same time, Siemens further focused its
portfolio: in addition to the previously announced divestment of its road
traffic business Yunex Traffic, new owners have been found for the post
and parcel business of Siemens Logistics and for Siemens’ stake in the
joint venture Valeo Siemens eAutomotive.
- Dividend 50 cents above prior-year level reflects progressive
dividend policy
- Annual Shareholders’ Meeting
ratifies acts of Managing Board and Supervisory Board by large majority
- Shareholders’ meeting in virtual
format due to ongoing COVID-19 pandemic
At today’s ordinary Annual Shareholders’ Meeting of Siemens AG,
shareholders endorsed by a large majority of 99.71 percent the proposal by the Managing and
Supervisory Boards to distribute a dividend of €4.00 per share for fiscal 2021,
an increase of 50 cents over the prior fiscal year and an impressive reflection
of Siemens’ progressive dividend policy. The Annual Shareholders’ Meeting also decided
by a large majority to ratify the acts of the members of the Managing and
Supervisory Boards for fiscal 2021. The shareholders’ meeting was held in a
virtual format due to the ongoing COVID-19 pandemic. The total number of people
following the virtual Annual Shareholders’ Meeting, at which about 280 questions were asked,
peaked at over 4,500.
- Profit impact of around 300 million Euros in Q2 FY22
- Closing expected in July 2022
- Single ownership of Valeo provides strong prospects for joint
venture
- Another successful milestone for Siemens Portfolio Companies
Siemens AG has signed an agreement to sell
its 50 percent stake in the Valeo Siemens e-Automotive (VSeA) joint venture to
Valeo. The positive profit impact of around 300 million Euros will be recorded
in the second quarter of fiscal 2022 and closing is expected in July 2022,
subject to regulatory approvals.
- Siemens further sharpens its
portfolio as a focused technology company
- Purchase price of €1.15 billion,
closing expected in current calendar year
- Sale to international technology
group Körber agreed
- Mail and parcel business ideal
expansion of Körber’s portfolio, supplementing its existing Business Area Supply
Chain
- Airport logistics business to remain
part of Siemens’ Portfolio Companies
Siemens has reached
an agreement to sell the mail and parcel business of Siemens Logistics GmbH to
the Körber Group. With this transaction, approved by the Managing and
Supervisory Boards of Siemens AG, Siemens is further implementing the rigorous
sharpening of its portfolio as a focused technology company. The purchase price
totals €1.15 billion (enterprise value). Closing is expected in the course of
the current calendar year, subject to regulatory approvals. Körber is a
world-leading technology company whose Business Area Supply Chain has grown
successfully in recent years, making the company a long-term, strategic new
owner for the mail and parcel business.
- Founded in Berlin on February 8,
1902
- One of first corporate press offices
in Germany
On this day,
120 years ago, Siemens’ Central Press Office was founded in Berlin – making
Siemens one of the first German companies to professionalize its press work. This
development was preceded by a conference on the company’s “literary affairs,”
at which participants complained of an “increasing dispersion of Siemens’
newspaper, advertising and news activities.” The solution was to establish a
Central Press Office, and a Circular was issued on February 8, 1902, to
officially announce this step.
On this day, 120 years ago, Siemens’ Central Press Office was founded in
Berlin – making Siemens one of the first German companies to professionalize
its press work. This development was
preceded by a conference on the company’s “literary affairs,” at which
participants complained of an “increasing dispersion of Siemens’ newspaper,
advertising and news activities.” The solution was to establish a Central Press
Office, and a Circular was issued on February 8, 1902, to officially announce
this step.
- Simulytic, a Siemens venture, accelerates the move to safe, autonomous mobility
- Risk intelligence for Autonomous Vehicle insurance
- Simulytic translates big simulation data outputs into tailored insurance insights
Simulytic, a Siemens Insurtech venture, analyses the safety and impact
of autonomous vehicles, translating big simulation data outputs into tailored
insurance insights. With the
appointment of Alex Gerodimos as Chief Growth Officer (CGO), Simulytic has made
an important strategic addition to the leadership team.