Digitalization is changing our world – and the world of industry – in tangible ways. The digital transformation is creating new competitive advantages and business models in many companies in the manufacturing and process industry. Machine builders and plant engineers can also take advantage of this development and make it usable for their customers. For digital enterprises systems and processes can be comprehensively and uniformly optimized throughout the entire lifecycle of products and plants. At the SPS IPC Drives in Nuremberg, Germany, from November 28 to 30, 2017 – which took place this year under the motto "Discover the value of the Digital Enterprise" – Siemens presented in hall 11 specific examples of applications to show how this can be done.
- New MindSphere Version 3.0 on Amazon Web Services (AWS) provides access to Siemens APIs and AWS cloud services for faster development
- Simotics IQ: New IoT concept for motors
- New partnership financing service to boost the implementation of Industrie 4.0
- Study affirms annual productivity increase due to digitalization of up to 9.8 percent
Increasing demands by consumers for individual, high-quality products at favorable prices are posing new challenges for industrial enterprises which can only be resolved by digitalization. "With the Digital Enterprise portfolio, the technical conditions have been created for Industrie 4.0. To ensure successful implementation of Industrie 4.0, what we now need is an extended model for cooperative partnership based on mutual respect: Large-scale corporations supply platforms and components, medium-sized enterprises develop their own solutions and business models on this basis, and end customers integrate these into their digital value chain," explained Klaus Helmrich, Member of the Managing Board of Siemens AG at the SPS IPC Drives. Siemens will be showcasing a range of innovations at the show designed to shorten the time to market and to improve flexibility, efficiency and quality in the process and manufacturing industries. They range from the new Version 15 of the Engineering Framework TIA Portal through the IoT concept for motors Simotics IQ to the new Version 3.0 of the open cloud-based IoT operating system MindSphere. Siemens is also offering financing services such as pay-per-use models designed to simplify the implementation of digital solutions, aimed in particular at medium-sized enterprises.
- Structural changes in markets for Power and Gas Division and Process Industries and Drives Division make consolidation of global setup necessary
- Reduction of about 6,900 jobs worldwide, half of them in Germany
- Increased investments in future growth markets offer opportunities
Siemens is responding to the rapidly accelerating structural changes in the fossil power generation market and the commodity sector. A consolidation plan for the Power and Gas Division (PG), the Power Generation Services Division (PS) and the Process Industries and Drives Division (PD) aims to increase capacity utilization at production facilities, drive efficiency and enhance expertise by bundling resources.
We released our fourth quarter results and preliminary figures for fiscal year 2017 on November 9, 2017. The Press Conference and the Analyst Call were broadcast live.
- Thomas Rathmann leaves company
- Preparations for public listing on schedule
Jochen Schmitz (51) has been appointed CFO of Siemens Healthineers, effective December 1, 2017. Schmitz, who is currently head of Accounting, Reporting and Controlling for the Siemens Group, will succeed Thomas Rathmann, who is leaving Siemens Healthineers by mutual agreement.
- Revenue rose 4%, to €83.0 billion; orders were strong at €85.7 billion, just 1% below the high level a year ago despite substantial, ongoing contraction in markets for the Power and Gas Division which recorded large orders in Egypt totaling €4.7 billion in the prior year; the book-to-bill ratio was 1.03
- On a comparable basis, excluding currency translation and portfolio effects, revenue rose 3% and orders declined 2%
- Industrial Business profit rose 8%, to €9.5 billion, with double-digit increases at Building Technologies, Digital Factory, Mobility and Process Industries and Drives more than offsetting declines at Power and Gas and Siemens Gamesa Renewable Energy (SGRE)
- Industrial Business profit margin reached 11.2%, with a majority of businesses within or above their target ranges
- Net income up 11%, to €6.2 billion, driven by the strong operating performance; basic earnings per share (EPS) of €7.44, well within the guidance range
- Siemens proposes to raise the dividend €0.10 per share, to €3.70 per share
"Our global team delivered excellent results in fiscal 2017, surpassing even the historic success of last year. Most businesses are stronger than ever and well equipped for the digital age. Nevertheless, we have to tackle structural issues in some individual businesses. There is a lot of work ahead of us in fiscal 2018. We will take advantage of our opportunities in the market and handle challenges carefully, responsibly and rigorously."
- Agreement signed with International Labour Organization (ILO)
- The G7's Vision Zero Fund aims to improve occupational safety at factories and construction sites worldwide
- Siemens is the first company to make financial contributions and provide logistical support
Siemens is helping improve occupational health and safety worldwide. The company has signed an agreement with the International Labour Organization (ILO) and committed to providing financial and logistical support for the Vision Zero Fund (VZF) initiated in 2015 by the Group of Seven (G7) countries. The VZF aims to bring together governments, non-governmental organizations, companies, foundations and other institutions in order to improve working conditions for people worldwide. Implementation of the initiative has been assigned to the ILO.
- Extended Digital Enterprise portfolio for discrete and process industries
- Machine and plant builders use digitalization to develop new business models and speed up time-to-market
- Digitalization applications enhance flexibility, efficiency and quality
- Extended "MindSphere-Lounge" over an area of 1,400 square meters
Siemens will be exhibiting at the "SPS IPC Drives" 2017 with an array of applications and examples of how machine and plant builders can sharpen their competitive edge with digitalization. Exhibiting under the banner "Discover the Value of the Digital Enterprise" in Hall 11 across an impressive 4,400 square meter exhibition space, the company will be presenting the latest additions to its Digital Enterprise portfolio. Innovations featured range from new software versions for more efficient engineering through digital drive systems to the open cloud-based IoT operating system MindSphere, which opens up scope for new business models to machine and plant builders. This allows companies across the discrete and process industries to enhance their flexibility, efficiency and speed, for instance by using a "digital twin" to simulate products, production processes or plants and optimize them across the entire value chain.
- Establishment of an occupational training center in the Ain Sokhna area
- Training 5,500 Egyptian youth over the next four years
- Agreement supports localized knowledge transfer and skills building in Egypt
To drive employment opportunities for Egyptian youth and increase workforce localization in line with Egypt Vision 2030, Germany's Federal Ministry for Economic Cooperation and Development (BMZ) and Siemens have signed a strategic alliance agreement to support occupational training in Egypt, with total investment of more than 22 million euro.
- Continuous transformation as a recipe for success
- Unchanging characteristics as an innovative, quality-minded, customer-oriented, international, crisis-tested, adaptable and responsible company
- Digitalization as an important pillar for the future
On October 12, 1847, the predecessor of today's Siemens AG was founded in a workshop tucked away at the back of a Berlin courtyard. In the course of the 170 years that followed, Siemens constantly reinvented itself, survived crises, and continuously adapted its portfolio – thus proving itself capable of change. Today, Siemens is one of the leading companies in the field of digitalization. Over the decades, certain constants – such as internationality, a quality mindset and customer orientation – have remained guarantors of success. The guiding principle behind all this? "Whatever we do must offer long-term benefits and generate value – for our shareholders, employees and customers as well as our business partners and society," said Siemens AG President and CEO Joe Kaeser.