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• 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."

• Sale to EQT with Wallenberg family as anchor investor and to Strüngmann family as co-investor for €2.15 billion plus earn-out component
• Siemens reinvests €200 million in preferred equity
• Transaction closing expected in first quarter of calendar 2015

Siemens is selling Siemens Audiology Solutions to the investment company EQT and Germany's Strüngmann family of entrepreneurs as co-investor for €2.15 billion plus an earn-out component. Due to the very attractive offer made by the two investors, Siemens has decided not to further pursue preparations for the public listing it announced in May. "In the past years Siemens Healthcare has invested significantly in its audiology business. Both EQT with the Wallenberg family as anchor investor and the Strüngmann family have outstanding reputations and extensive experience in the healthcare sector. Not only is the transaction excellent from a financial perspective; we're also convinced that both investors have a clear growth strategy for further developing the hearing aid business over the long term," said Hermann Requardt, CEO of Siemens Healthcare and member of the Managing Board of Siemens AG. Siemens will remain invested in the hearing aid business with preferred equity of €200 million and benefit from future business successes. In addition, Siemens will have a seat on the board of the buyer group. Under the terms of the agreement, the new owners will also be allowed to continue using the Siemens product brand for the hearing aid business over the medium term.

• Company receives its best CDP rating ever
• CDP praises transparency of Siemens' climate protection reporting
• Energy and resource efficiency go hand in hand with climate protection

Siemens' commitment to sustainability has again received public recognition. Following its ranking as the most sustainable company in its industry group in this year's Dow Jones Sustainability Index (DJSI), the company has now also obtained excellent results from the Carbon Disclosure Project (CDP). For the transparency of its reporting on the opportunities and risks of climate change, Siemens received 99 out of 100 possible points in the Carbon Disclosure Leadership Index. In addition, Siemens' efforts to achieve energy efficiency and reduce CO2 emissions enabled the company to reach band A, the highest performance band. As a result, the company is also included in the Carbon Performance Leadership Index. This is Siemens' best rating to date.

• Takeover bid for Dresser-Rand has a total transaction value of $7.6 billion
• Acquisition strengthens Siemens’ portfolio for oil & gas industry
• Complementary regional footprint and product portfolio

Siemens executes on its Vision 2020 with a decisive move to strengthen its core. The company has entered into an agreement with Dresser-Rand (NYSE:DRC), which is listed on the New York Stock Exchange, to acquire all of the issued and outstanding common shares of Dresser-Rand by way of a friendly takeover bid. Siemens' bid is unanimously supported by Dresser-Rand's Board of Directors. The offer price is $83 per common share in cash, or a total transaction value of approximately $7.6 billion (approximately €5.8 billion). With its comprehensive portfolio of compressors, steam turbines, gas turbines and engines, Dresser-Rand is a leading supplier for the oil & gas, process, power and other industries in the related energy infrastructure markets worldwide. The acquisition complements Siemens' existing offerings, notably for the global oil & gas industry and for distributed power generation.

The Supervisory Board of Siemens approved the decision of the Managing Board to enter into an agreement with Dresser-Rand (NYSE:DRC), which is listed on the New York Stock Exchange, to acquire all of the issued and outstanding common shares of Dresser-Rand by way of a friendly takeover bid. Siemens’ bid is unanimously supported by Dresser-Rand’s Board of Directors. The offer price is $83 per common share in cash, or a total transaction value of approximately $7.6 billion (approximately €5.8 billion). Siemens expects to close the transaction by summer 2015.