- New composition of Supervisory Board at Osram Licht AG after public listing
- Peter Bauer designated Chairman of the Supervisory Board
- Joachim Faber to be named Chairman of the Audit Committee
Effective as of the public listing of Osram Licht AG, Siemens will appoint new members to the Supervisory Board of the lighting company. The future Supervisory Board will include Peter Bauer, CEO of Infineon Technologies AG until September 2012, and Joachim Faber, former member of the Board of Management of Allianz SE and Chairman of the Supervisory Board of Deutsche Börse AG since 2012. Siegfried Russwurm, member of the Managing Board of Siemens AG, will retain his position as Chairman of the Supervisory Board of Osram for an interim period.
"Results for the second quarter show a mixed picture. While we were able to clearly increase orders, we still have challenges regarding revenue and profit. Even more we're focusing on the factors that lie in our own hands: we're rigorously executing our company-wide Siemens 2014 program."
- New orders climb 20 percent due to major orders
- Order backlog at €101 billion
- Revenue declines seven percent
- Net income increases to €1 billion
- Earnings per share rise from €1.03 to €1.20
- Free cash flow improves to nearly €1.4 billion
- Challenges at rail systems and offshore grid connection projects
- Focus on rigorous execution of Siemens 2014
Siemens' results for the second quarter of fiscal 2013 present a mixed picture. New orders, free cash flow and earnings per share showed substantial improvement. Revenue and Total Sectors profit declined, primarily due to a still difficult market environment. Total Sectors profit was also impacted again by burdens at the company's high-speed trains business and from offshore grid connection projects in the North Sea. "Results for the second quarter show a mixed picture. While we were able to clearly increase orders, we still have challenges regarding revenue and profit. Even more we're focusing on the factors that lie in our own hands: we're rigorously executing our company-wide Siemens 2014 program," said Siemens President and CEO Peter Löscher.
We released our results for the second quarter and first half of fiscal 2013 on May 02, 2013. The conference call was broadcast live on the internet.
- Siemens publishes Sustainability Report for fiscal 2012
- Company has fully achieved important sustainability goals
- LEED certification sought for all new Siemens buildings
- Energy efficiency program for entire value chain
- World's most sustainable company in super sector Industrial Goods and Services
In its Sustainability Report for fiscal 2012 just published today, Siemens draws a positive conclusion: "We've succeeded in fully achieving our sustainability goals. We've increased our green revenue to €33 billion while setting an example of sustainability and winning some 1,000 suppliers to date for our energy efficiency program. For the first time in our history, we've also been named the world's most sustainable industrial company in the prestigious Dow Jones Sustainability Index 2012 – capturing, as Super Sector Leader, the top position across nine industry sectors," said Barbara Kux, member of the Managing Board and Chief Sustainability Officer of Siemens AG.
- Damages due to natural hazards increasing dramatically
- Technology as an important lever to make cities more resilient
- Arup, Regional Plan Association and Siemens present a report on resilient infrastructure
Damages caused by extreme weather phenomena are increasing around the globe. In 2012, the costs of such damages totaled approximately US$160 billion worldwide. With dense populations, cities are particularly vulnerable to natural hazards. For example, Superstorm Sandy alone was responsible for damages of some US$50 billion, mostly in the New York Metropolitan area.
- Convertible bond is profiting from positive development of Atos share price
- Stake in Atos unaffected by sale – Siemens to retain its approximate 15% interest in Atos as agreed
Siemens is making use of the positive development of the Atos share price and selling the €250-million convertible bonds it acquired pursuant to contribution of its IT services business (SIS) to Atos in July 2011. The proceeds will depend on the price fixing of the bonds, which will be determined today during the day. Yesterday, the Atos share closed on the Paris stock exchange at €56.75. On the basis of the closing share price, the sale of the convertible bonds would result in proceeds of around €300 million.
Quite a few people wondered if it would ever function. Yet right on time for the first Advent Sunday it is obvious to all: But still it moves! Siemens – together with multimedia artist Michael Pendry – has lighted up the world’s biggest revolving Christmas star. The lighting installation can be seen throughout December at the northern gateway to Munich – beginning at dusk every evening. “The Siemens Superstar is a pioneering technological project and an important symbol for the Global Climate Conference in Copenhagen. Green innovations are lighting our way to a better future,” said Siemens President and CEO Peter Löscher. “Munich has a new landmark for the Christmas season. It stands for renewable energies and energy efficiency – and these are also important issues for Munich. By 2025, we want Munich to be the world’s first city to meet all its energy requirements from renewable sources,” noted Munich’s Mayor Christian Ude enthusiastically. “I like to take art outside the narrow confines of museums,” explained lighting artist Michael Pendry.
An action has been brought against the resolution of the Annual Shareholders' Meeting authorizing the spinoff and acquisition agreement between Siemens AG and Osram Licht AG. Siemens considers the action to be without merit and will rigorously drive the planned spinoff and public listing of Osram Licht AG. "By an overwhelming majority of over 98 percent, Siemens' shareholders gave us a clear mandate at the Annual Shareholders' Meeting at the end of January: to list Osram on the stock exchange via a spinoff. In the interest of our shareholders, we will carry out this mandate diligently and reliably," said Joe Kaeser, CFO of Siemens AG.