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.
Effective February 1, 2013, Siemens will complete the worldwide restructuring under company law of the telecommunications and multimedia business operated by the unit Siemens Communication, Media and Technology (CMT). As part of this restructuring, CMT has been converted into a new subcompany controlled by Siemens Convergence Creators Holding GmbH, a wholly owned Siemens subsidiary headquartered in Vienna, Austria. Under its new name Siemens Convergence Creators, CMT will be able to intensify its customer orientation and increase its effectiveness on the global market. Siemens is continuing to concentrate its activities on its core business. Siemens Convergence Creators employees around 2,000 people in nine countries worldwide.
Siemens held its Annual Shareholders' Meeting at the Olympia Hall in Munich on January 23, 2013.
- 98.21 percent of shareholders at Annual Shareholders' Meeting approve spinoff
- Siemens shareholders to receive one additional share of OSRAM Licht AG for every ten Siemens shares
- Initial listing on stock exchanges in Frankfurt and Munich in April at the earliest
At today's Annual Shareholders' Meeting in Munich, shareholders of Siemens AG voted overwhelmingly to approve Osram's planned spinoff. The measure was endorsed by 98.21 percent of the valid votes cast. A 75 percent majority was required.
- 34,67 percent of voting capital represented
- Mars rover Curiosity major attraction
- Event completely powered by green electricity
The Annual Shareholders' Meeting of Siemens AG was well attended again this year. Despite wintry conditions, roughly 8,100 shareholders were present in Munich's Olympiahalle at noon on Wednesday. Some 8,800 shareholders attended the annual event last year. A total of about 34,67 percent of Siemens' voting capital was represented at this year's Annual Shareholders' Meeting. More than 15,000 shareholders had ordered tickets for the event, and over 80,000 had exercised their voting rights by proxy or absentee ballot. Many opted for the convenient alternative of participating in the Annual Shareholders' Meeting and exercising or transferring their voting rights via PC.
- Revenue slightly above prior-year level
- Book-to-bill ratio again above 1
- Total Sectors profit up four percent
- No economic tailwinds expected in fiscal 2013
Siemens is starting fiscal 2013 with solid figures. Compared to the same period last year, revenue increased slightly in the first quarter due to the good order backlog. Although new orders declined moderately year-over-year, the book-to-bill ratio was again above 1, having been below 1 for the previous three quarters in a row. Total Sectors profit rose four percent. "In an uncertain economic environment, we got off to a solid start in fiscal 2013. For the rest of the year as well, we don't expect any tailwinds from the global economy to help us reach our ambitious goals. Our full attention is on implementing our Siemens 2014 program," said Siemens President and CEO Peter Löscher.
"In an uncertain economic environment, we got off to a solid start in fiscal 2013. For the rest of the year as well, we don't expect any tailwinds from the global economy to help us reach our ambitious goals. Our full attention is on implementing our Siemens 2014 program."
We released our first quarter results for fiscal 2013 on January 23, 2013. The press conference was broadcast live on the internet.