- New outbound baggage screening and inbound baggage handling system
- Project completion planned for summer 2017
- Los Angeles International Airport is the sixth busiest airport in the world
Southwest Airlines® has chosen Siemens to install a new baggage handling system in Terminal 1 at Los Angeles International Airport (LAX). The project covers layout, engineering, assembly, commissioning and integration of a completely new outbound baggage screening system and a new inbound baggage handling system. The extension and conversion work will be performed during ongoing operations with completion planned for summer 2017.
- Joe Kaeser, Horst Seehofer and Dr. Florian Janik present winning design
- Important milestone reached in this €500-million project
- Strong symbol for the state of Bavaria, the city and Siemens
- Construction work to be performed in stages from 2016 through 2030
The "Siemens Campus in Erlangen," which is being planned as Siemens' largest location worldwide, will be built according to the design drafted by the architecture firm KSP Jürgen Engel Architekten of Frankfurt, Germany. This decision was made today in Erlangen by the jury comprised of high-caliber stakeholder representatives and experts from related fields. "We're building the Siemens Campus in Erlangen to provide a home to top researchers from all over the world. When the political, business and scientific communities work hand in hand, that's the best investment in Germany's future as an innovation hub," said Joe Kaeser, President and CEO of Siemens AG, during the announcement in Erlangen. "The urban development design implements our objective of creating a campus of the future that will benefit our customers and employees, but also the entire area, over the long term," said Kaeser.
- Two-digit million euro order volume, including a 15-year contract for maintenance services and spare parts
- State-of-the-art technology is able to handle up to 100,000 parcels per day
- Completion planned for summer 2016
Siemens has been contracted to design, supply, install and commission an integrated parcel sorting system for the Singapore Post's (SingPost) new Regional eCommerce Logistics Hub. The contract includes 15 years of spare parts supply and maintenance services and has a two digit million order volume. The sorting system is planned to be completed in summer 2016.
- Twelve researchers with more than 900 inventions honored
- Investments in research and development to increase €400 million
In fiscal 2014, Siemens filed 4,300 patent applications – a year-over-year increase of nine percent. In addition, the company intends to boost investments in research and development (R&D) by around €400 million. In fiscal 2014, R&D expenditures totaled roughly €4 billion. Twelve Siemens researchers and developers who together account for more than 900 inventions and 842 granted individual patents played a leading role in the company's success. They were honored by Siemens as Inventors of the Year 2014 in Munich on December 3.
The Supervisory Board of Siemens AG has elected Birgit Steinborn, Chairwoman of the company's Central Works Council, to the position of Deputy Chairwoman of the Supervisory Board. She will succeed Berthold Huber, who has been IG Metall's representative on the Supervisory Board since July 2004 and the Board's Deputy Chairman since January 2009. Huber has announced that he will resign from the Supervisory Board of Siemens AG, effective the end of the Annual Shareholders' Meeting on January 27, 2015. Steinborn will assume the position of Deputy Chairwoman of the Supervisory Board at that time. The employee representatives have requested that Reinhard Hahn be nominated to succeed Huber by court appointment.
The Siemens Managing Board is establishing a Siemens Technology & Innovation Council (STIC). Comprising internationally experienced and respected experts from the research and scientific communities, the Siemens Technology & Innovation Council will closely support the Managing Board in systematically analyzing and monitoring strategic topics in the areas of technology and innovation. The council will focus, in particular, on developments, innovations and technologies that will have an impact on Siemens' business over the next ten years. Peter Gruss has been appointed to head the expert panel. He will also steer its orientation and composition.
- Birgit Steinborn elected Deputy Chairwoman of Supervisory Board
Gerd von Brandenstein, Peter Gruss and Berthold Huber have announced that they will resign from the Supervisory Board of Siemens AG, effective the end of the Annual Shareholders' Meeting on January 27, 2015. As of the spring of 2015, Gruss will head the new Siemens Technology & Innovation Council (STIC) that is being established by Siemens' Managing Board. The council will closely support the Managing Board in systematically analyzing and monitoring strategic topics in the areas of technology and innovation.
- Arup & Siemens present study on intelligent transportation systems (ITS)
- ITS an important lever to address the traffic congestion challenges
- Extreme weather exposing city infrastructure to more severe stresses
Ho Chi Minh City (HCMC) could generate economic benefits of 1.4 billion US dollars by investing in making its transportation system more resilient in extreme weather conditions, a study released by Siemens and Arup today shows. Calculations based on a review of HCMC's transportation network illustrate that – without intelligent solutions – its traffic congestion is estimated to have a direct cost to the city's economy of approximately $97 billion between 2015 and 2045. Around 45 percent of the city is less than a meter above sea level, rendering the city and in particular, the transport system highly exposed to flooding, especially during the rainy season. An economic appraisal shows that an Integrated Management System (control center) would take only 8 years to become net positive in terms of costs and benefits. This could lead to a net benefit of $1.4 billion over the next 30 years.
- Slight plus for orders and revenue
- Net income at €5.5 billion
- Book-to-bill at 1.09 – Order backlog at €100 billion
Siemens AG reached its goals for the fiscal year ended September 30, 2014, thanks to a solid fourth quarter. Net income was €5.5 billion compared to €4.4 billion for the prior year. Total Sectors profit climbed 26 percent to €7.3 billion, fueled by strong profit improvements at Industry and Infrastructure & Cities. "We delivered the results we originally promised for fiscal 2014 and made substantial progress in strengthening our portfolio. Vision 2020 gives us clear strategic direction going forward," said Joe Kaeser, President and Chief Executive Officer of Siemens AG.
- Fourth-quarter revenue was level year-over-year, and orders rose 2%. The book-to-bill ratio was 1.01 for the quarter, and Siemens' order backlog was €100 billion. On an organic basis, excluding currency translation and portfolio effects, revenue rose 1% and orders were up 2%.
- Total Sectors profit climbed 28%, to €2.195 billion, led by substantial profit improvements in Industry and Infrastructure & Cities, and income from continuing operations climbed 36%.
- Net income for the fourth quarter rose 40% year-over-year, to €1.498 billion, and basic earnings per share (EPS) increased to €1.72.
- Free cash flow from continuing operations was €3.400 billion, significantly above income from continuing operations but below the high level in the fourth quarter a year earlier.
- For fiscal 2014, organic revenue and orders both rose 1% compared to the prior year, and the book-to-bill ratio was 1.09. Basic earnings per share (EPS) from net income increased 25% year-over-year. Siemens proposes a dividend of €3.30 per share.
"We delivered the results we originally promised for fiscal 2014 and made substantial progress in strengthening our portfolio. Vision 2020 gives us clear strategic direction going forward."