- Acts of Managing and Supervisory Boards ratified by large majorities
- Dividend proposal of €3.00 per share endorsed
- Shareholders approve new Managing Board compensation system
- Election of Jim Hagemann Snabe to the Supervisory Board approved
The shareholders of Siemens AG voted at the company's Annual Shareholders' Meeting in Munich to approve the acts of the Managing and Supervisory Boards in fiscal 2013. As proposed by the Managing and Supervisory Boards, the shareholders also approved a dividend of €3.00 per share for fiscal 2013. In addition, the Annual Shareholders' Meeting approved the new compensation system for Managing Board members and elected Jim Hagemann Snabe to the company's Supervisory Board.
We released our first quarter results for fiscal 2014 on January 28, 2014. The press conference was broadcast live on the internet.
Siemens held its Annual Shareholders' Meeting at the Olympia Hall in Munich on January 28, 2014.
- 44.96 percent of voting capital represented
- Formula One champion race car a major attraction in foyer
- Around 1,000 employees and service personnel on duty
The Annual Shareholders' Meeting of Siemens AG attracted thousands of shareholders and employees again in 2014. Despite wintry conditions, some 7,700 shareholders were present in Munich's Olympiahalle by noon on Tuesday. About 8,100 attended the event last year. A total of around 44.96 percent of Siemens' voting capital was represented at this year's Annual Shareholders' Meeting. More than 18,700 shareholders had ordered tickets for the event, and around 80,000 exercised their voting rights by proxy or absentee ballot. Most opted for transferring their voting rights online.
- Siemens delivered solid results in the first quarter, even though strong currency effects held back volume and income development.
- Orders for the first quarter rose 9% year-over-year, to €20.836 billion, while revenue came in 3% lower, at €17.325 billion. On an organic basis, excluding currency translation and portfolio effects, orders were up 12% and revenue was just 1% below the prior-period level.
- Total Sectors profit rose 15%, to €1.789billion, highlighted by a strong performance in Infrastructure & Cities, and income from continuing operations climbed 21%.
- Net income and basic earnings per share (EPS) for the first quarter rose 20% year-over-year, to €1.457 billion and €1.70, respectively.
"We delivered a sound quarter to start our fiscal year. As expected, market conditions were not in our favor. We continue to focus on our productivity program for the year, and on the actions we will take beyond 2014."
Klaus Moosmayer has been named to head Siemens' entire compliance organization as Chief Compliance Officer, effective January 1, 2014. Since 2007, Moosmayer has played a key role in building up Siemens' new, globally recognized compliance system. Since 2010, he has been responsible for all legal and regulatory-related compliance duties at Siemens. Klaus Moosmayer is considered nationally and internationally to be a leading compliance expert. At the beginning of November 2013, he was appointed by the OECD's Business and Industry Advisory Committee to serve as the new honorary head of its anti-corruption taskforce.
- Members of the Managing Board make private donations totaling roughly half a million euros
- Siemens contributes an additional half a million euros on behalf of its employees
On behalf of the Managing Board of Siemens AG, the company and its employees, Joe Kaeser, Siemens' President and CEO, presented €1 million to Germany's 'Ein Herz für Kinder' charity for children at a benefit gala in Berlin. The donation is primarily intended to support the charitable organization's efforts to give socially disadvantaged children access to better education and healthcare. "Children are our future, because it is through them that social progress is achieved! For me personally, they're also an inspiration and an example to be followed: they speak their minds openly, and they learn by simply trying things out. And children can't be coerced; a good upbringing entails using the power of persuasion – and that's why kids never cease to amaze me," said Joe Kaeser.
Siemens AG – with its 362,000 employees worldwide and 1,600 employees in South Africa – joins with the people of South Africa in mourning the passing of Nelson Mandela. "With the death of Nelson Mandela, we bid farewell to a man who is admired and honored all around the world for the battle for freedom that he waged unflinchingly and with total personal commitment. His unconquerable will, his charisma and his lifetime of achievement will remain for us a model and an inspiration," said Siemens President and CEO Joe Kaeser.
- Siemens honors 12 inventors with a total of 500 individual patents
- Investment in research and development climbs to €4.3 billion
The number of Siemens patents has risen to a record level. In fiscal 2013, the number of patents granted in continuing operations increased by five percent year-over-year to 60,000. Twelve Siemens researchers and developers, who together account for around 600 invention disclosures and 500 granted individual patents, played a leading role here. They were honored by Siemens as Inventors of the Year 2013 in Munich on December 4. "The technological expertise and knowhow of the Siemens inventors contribute substantially to our company's success," said Klaus Helmrich, the member of Siemens' Managing Board responsible for Human Resources and the company's Chief Technology Officer at the awards ceremony.
For the first time, Siemens' Annual Report 2013 is a combination of the company's previously separate Annual and Sustainability Reports. This report now shows Siemens' full spectrum of topics – from the company's strategic direction and business development in the Sectors to the most important sustainability aspects such as research and development, energy-efficient technologies, environmental protection and suppliers.