- Public listing planned
- Leading position to be expanded
Siemens intends to further develop its healthcare business, Siemens Healthineers, and give it even greater flexibility in implementing its growth plans. To this end, the company is planning to publicly list its healthcare business.
- Orders and revenue both 5% higher compared to fiscal 2015, at €86.5 billion and €79.6 billion, respectively, for a book-to-bill ratio of 1.09; excluding currency translation effects, orders and revenue both up 6%
- Industrial Business profit up 13%, at €8.7 billion; strong increases in Power and Gas, Energy Management, and Wind Power and Renewables and growth in other Divisions and Healthineers, more than offsetting a substantial decline in Process Industries and Drives
- Industrial Business profit margin reached 10.8%, with all industrial businesses except Process Industries and Drives within their target ranges
- Net income of €5.6 billion reflects the strong operating performance; fiscal 2015 net income of €7.4 billion included €3.0 billion related to divestments of the hearing aid business and Siemens' stake in BSH Bosch und Siemens Hausgeräte GmbH (BSH)
- Basic earnings per share (EPS) of €6.74, above the raised target range announced in the third quarter; basic EPS of €8.84 a year earlier included €3.66 related to the sale of the hearing aid business and the BSH stake
- Siemens proposes a dividend of €3.60 per share
"The fiscal year just ended was one of the strongest in the history of our company. Setting aside portfolio divestments, it was actually the best. We worked hard and I am proud of what our global team has achieved. In fiscal 2017 we will continue working with full concentration on the execution of Vision 2020."
- Ananth joins Siemens from Hewlett Packard Enterprise in Silicon Valley
- Many years of experience in the venture capital industry
Lakshmikanth "Lak" Ananth (43) has been appointed to head Siemens' new next47 startup unit, effective November 15, 2016. An India-born U.S. citizen, Ananth joins Siemens from Hewlett Packard Pathfinder, the venture capital program at Hewlett Packard Enterprise (HPE), where he spent the past two years building HPE's investment and partnership program. He was previously responsible, among other things, for business strategy and corporate development at HPE and for the acquisition of early-stage technology companies. Ananth has also worked in the venture capital and corporate development at Cisco.
The Velaro D is the fourth generation of high-speed trains that Siemens has developed on the basis of the Velaro platform. Deutsche Bahn AG (DB) classifies the train as the new Series 407 ICE 3 (predecessors: Series 403 and Series 406 ICE 3). In December 2013, Germany's Federal Railway Authority (EBA) approved the trains' operation – also in multiple-unit or so-called double-traction mode – on the Deutsche Bahn rail network. Passenger operation started on December 21, 2013.
Authorization for operation in single-traction mode in France was granted in April 2015. Since June 2015 the trains have been travelling to Paris in regular passenger operation. In addition to Germany and France, the Velaro D is also intended for cross-border operation in Belgium.
Since 2007, trains based on the Velaro platform have operated with high reliability for more than one billion kilometers in China, Russia, Spain and Turkey – equal to roughly 25,000 times around the globe.
Hermann O. Franz, Chairman of the Supervisory Board of Siemens AG from 1993 to 1998 and longtime member of the company's Managing Board, died on October 7, 2016 at the age of 87.
- Current CIO Norbert Kleinjohann to retire
- Siemens IT supports the company's digital transformation
Effective October 1, 2016, Helmuth Ludwig (54) will serve as Siemens' new Chief Information Officer (CIO), thus assuming responsibility for global IT at the company. He succeeds Norbert Kleinjohann (62), who is retiring. Ludwig was previously Chief Digital Officer of the Product Lifecycle Management (PLM) Business Unit at Siemens' Digital Factory Division.
The Supervisory Board of Siemens AG and Managing Board member Siegfried Russwurm have mutually agreed that the company's contract with Russwurm, which will expire at the end of March 2017, will not be renewed. Russwurm has been a member of the Managing Board since January 2008 and, in addition to his responsibilities as Chief Technology Officer, was the partner on the Managing Board for the separately managed Healthcare business. In addition, he was responsible for the Middle East and CIS regions.
- Focus on the fields of energy, transport and intelligent cities
- Goal is to create employment, support development of local small and medium-sized enterprises, and train future engineers and technicians
- Letter of intent signed today in the presence of Minister of Economic Affairs Gabriel and President Macri
The Argentinean Ministry of National Production, the Argentinean Investment and Trade Promotion Agency and Siemens intend to cooperate closely in the future. At the Argentinean Business Investment Forum in Buenos Aires, Joe Kaeser, CEO of Siemens AG; Lisa Davis, member of the Siemens AG Managing Board; Francisco Cabrera, Argentinean Minister for Production; and Juan Procaccini, Executive Chairman of the Argentinean Investment and Trade Promotion Agency, signed a corresponding letter of intent. Argentinean President Mauricio Macri and German Minister of Economic Affairs Sigmar Gabriel were on hand for the signing. The agreement sets out the intent to develop solutions in the fields of energy, transport and intelligent cities.
- U.S.$6.0 billion with maturities of three, five, seven, ten and thirty years
- Total investor demand reached U.S.$12.0 billion
- Broad investor base attracted, mainly investors in the U.S.
- Rating agencies continue to give Siemens high credit rating
Siemens has successfully placed another large U.S.$ bond issuance following last year's U.S.$7.75 billion transaction. It was the company's third bond placement in the U.S. capital market. In a transaction that ended yesterday, Siemens issued bonds with a total value of U.S.$6.0 billion and maturities of three, five, seven, ten and thirty years. Due to the very high demand, the company obtained very favorable interest-rate conditions for all maturities. At the time of price fixing, the interest rate premium over comparable U.S. government bonds averaged 10 basis points below the initial indication at the beginning of the marketing period. The proceeds of the issuance will be used for general corporate purposes including the refinancing of matured and outstanding debt.
In various areas Siemens is committed to helping refugees. In spring 2015 the eight week internship program started and has now been extended to 14 locations. Siemens is also offering six-month special training courses. These courses encompass intensive language instruction as well as pre-vocational training in the areas of mechanics and electronics. The goal is to enable the participants to get an apprenticeship training position. Siemens Real Estate is making space available on a temporary basis at 15 different locations throughout Germany, among these locations are Munich and Erlangen. Countless employees all across Germany have also offered their help and participated in a wide range of donation and aid campaigns.