The Managing Board of Siemens AG has resolved to delist the ordinary shares of Siemens from the London Stock Exchange (LSE) and from the Swiss Stock Exchange (SIX Swiss Exchange AG / SIX).
- Net income rises 27 percent to €1.4 billion
- Revenue up one percent, orders stable (on a comparable basis)
- Book-to-bill at 1.08 – order backlog of €101 billion
- Outlook for fiscal year confirmed
In the third quarter of fiscal 2014, Siemens posted strong results in most areas, which were affected by challenges in the Energy Sector. Net income rose to €1.4 billion, from €1.1 billion in the prior-year-period. Corresponding earnings per share increased to €1.62 year-over-year from €1.27. Total Sectors profit rose to €1.7 billion, but was held back by ongoing profitability challenges within the Energy Sector. For comparison, Total Sectors profit of €1.3 billion one year earlier had been burdened by €418 million in "Siemens 2014" charges.
We released our third quarter results for fiscal 2014 on July 31, 2014. The combined press and analyst conference call was broadcast live on the internet.
- Third-quarter revenue was 4% lower year-over-year, and orders came in 3% below the prior-year period. The book-to-bill ratio was 1.08 for the quarter, and Siemens' order backlog was €101 billion.
- On an organic basis, excluding currency translation and portfolio effects, revenue rose 1% and orders were stable year-over-year.
- Total Sectors profit rose 37%, to €1.739 billion, highlighted by substantial profit improvements in Infrastructure & Cities and Industry, and income from continuing operations climbed 36%.
- Net income for the third quarter rose 27% year-over-year, to €1.399 billion, and basic earnings per share (EPS) increased to €1.62.
- Free cash flow from continuing operations was €1.127 billion, up from €996 million in the third quarter a year earlier.
"While we made good progress in most areas, the Energy Sector poses a continued challenge in the quarters to come. 'Siemens – Vision 2020' leads the way to sustainable performance improvement."
- Launch of urban development competition between twelve firms of architects
- Construction work to begin at the end of 2016
At its meeting yesterday, Erlangen City Council approved a decision of principle giving the go-ahead for an architectural design competition for the new Siemens Campus in Erlangen. This marked a further milestone for the project, which is important not only to the city but to the entire metropolitan region of Erlangen / Nuremberg.
- Interior construction work now underway following restoration of building structure
- Historic palace to be integral part of Siemens' new corporate headquarters
- Structural work to continue until spring of 2015
The reconstruction work on the interior of the Ludwig Ferdinand Palais, a registered historic building at Wittelsbacherplatz in Munich, has now reached the halfway mark. Siemens developed the remodeling plans in close cooperation with Bavaria's Office for the Preservation of Historic Places. In 2013, the City of Munich granted a building permit for the project. The point of departure for the extensive reconstruction project was the decision to equip the historic palace for the future and make it an integral part of Siemens' future headquarters.
- Automation and Digitalization Campus to be established
- Collaborative research with the Technische Universität München, the Ludwig-Maximilians-Universität München, the German Research Center for Artificial Intelligence and the Fraunhofer Institute for Applied and Integrated Security
- New technology base for automation, Internet of Things, cloud solutions, IT security and smart data
- Siemens to invest a sum in the double-digit million-euro range over three years
Partners from industry and science are joining forces in a novel collaborative research alliance to address the future-oriented fields of automation and digitalization. Siemens is the first company to forge a research alliance with universities and research institutes that will utilize a new, fully integrated approach in order to bundle outstanding expertise and make possible wide-ranging innovations in processes and systems.
Olaf Bolduan (61), Chairman of the Works Council at the Dynamowerk Berlin, has been appointed by the Charlottenburg District Court (Berlin) as an employee representative on the Supervisory Board. Bolduan was proposed by the Central Works Council and the Assembly of Delegates of IG Metall to succeed Lothar Adler, who retired at the end of May 2014 and accordingly left the Supervisory Board. "I would like to welcome Mr. Bolduan on behalf of all the members of the Supervisory Board and look forward to working with him in the future," said the Chairman of the Siemens Supervisory Board, Gerhard Cromme.