- MHMM to become sole owner of
Primetals Technologies
- Closing expected by early calendar year 2020
- Financial details not disclosed
Mitsubishi-Hitachi Metals Machinery (MHMM) – an MHI group company – and Siemens AG reached agreement on September 30, 2019, that MHMM will acquire Siemens’ 49 percent stake in Primetals Technologies. Closing of the transaction is subject to customary conditions and is expected by early 2020. Siemens will support the process to ensure a successful closing of the transaction. Following closing, MHMM will assume sole control of Primetals Technologies. Financial details of the transaction were not disclosed.
The digital transformation of the producing industry is gaining momentum. Companies from a wide variety of industries are already unlocking this potential – they are using end-to-end digitalization to create a lasting competitive edge by reducing time to market and increasing flexibility, efficiency, and quality. With Siemens Digital Enterprise solutions the technical prerequisites for the implementation of Industrie 4.0 are available and can be deployed in every application and companies of all sizes. At the SPS IPC Drives in Nuremberg, Germany, from November 27 to 29, 2018 – which took place this year under the motto "Digital Enterprise – Implement now" – Siemens showed in hall 11 how this can be done.
- Revenue increased in first quarter to €14.1 billion, orders surged to €15.9 billion
- Adjusted EBITA Industrial Businesses jumped 39 percent year-over-year to €2.1 billion and adjusted EBITA margin to 16.0 percent
(Q1 2020: 11.7 percent)
- Net income rose substantially to €1.5 billion (Q1 2020: €1.1 billion)
- Free cash flow improved significantly to €1.0 billion (Q1 2020: €44 million)
- Net income in 2021 expected to be between €5.0 billion and €5.5 billion
Siemens AG has started off fiscal 2021 with a strong first quarter. From October to December 2020, orders, revenue and net income considerably exceeded both the prior-year figures and market expectations despite the still complex macroeconomic environment due to the COVID-19 pandemic and despite negative currency translation effects. As a result, Siemens has significantly raised its annual guidance for fiscal 2021 at key points.
- Strong and profitable growth companywide
- Adjusted EBITA margin rose to 15.1 percent (Q2 2020: 12.1 percent), Adjusted EBITA Industrial Businesses soared 31 percent to €2.1 billion
- Revenue increased sharply to €14.7 billion (Q2 2020: €13.8 billion), with orders strong at €15.9 billion (Q2 2020: €14.7 billion)
- Net income more than tripled to €2.4 billion (Q2 2020: €697 million)
- Successful portfolio management: one-time gain of about €0.9 billion on sale of Flender GmbH
- Excellent free cash flow of €1.2 billion (Q2 2020: €134 million)
- Guidance for 2021 raised again – expected net income of €5.7 billion to €6.2 billion, excluding effects in connection with the acquisition of Varian Medical Systems Inc.
With an excellent second quarter, Siemens AG followed on seamlessly from its successful start to the fiscal year. Despite a persistently challenging macroeconomic environment, influenced among other things by the COVID-19 pandemic, and negative currency translation effects, development across all company business areas continued to be positive. In line with these results, Siemens is again raising its guidance for fiscal 2021 and now expects companywide revenue growth of 9 percent to 11 percent on a comparable basis (previous forecast: mid- to high-single-digit growth) and net income of between €5.7 billion and €6.2 billion (previous forecast: €5.0 billion to €5.5 billion).
- Siemens
Caring Hands to make 100 oxygen concentrators available to medical institutions
in India through Caritas international
- Concentrators to be delivered to hospitals in Bengaluru, Goa and
Chennai
- Donations from Siemens to be used to provide further medical
equipment, hygiene kits, masks and food to affected families
The Siemens Caring Hands e.V. charity is
making a long-term contribution toward fighting the pandemic in India and is providing
100 oxygen concentrators to hospitals in Bengaluru, Goa and Chennai. The
concentrators are to be delivered by mid‑June 2021 to facilitate the
treatment of COVID-19 patients. India is one of the countries hardest hit by
the corona crisis. The World Health Organization estimates that about 29
million people have contracted COVID-19 in India since the pandemic began and that
about 350,000 of them have died.
A key milestone on the way to independence: Siemens Energy presented its new management team to its employees today. In addition to an Executive Board, the company will have an expanded international management team, the Group Management Committee. Once Siemens Energy becomes a legally separate entity, this team will be instrumental in implementing the company’s strategic approach. “Announcing the management team is a further critical step on the way to becoming an independent company and an energy pure play. It will enable Siemens Energy to further develop its management system and then focus fully on the requirements of its customers and markets,” said Joe Kaeser, President and CEO of Siemens AG.
- Kayser
to take on new role at beginning of 2020
- Current
head, Jochen Eickholt, is moving to Siemens Energy
Horst J. Kayser
(58) will be the new Chairman of the Siemens Portfolio Companies (POC),
effective January 1, 2020. In this capacity, he is succeeding Jochen Eickholt, who
is becoming a member of the future Executive Board of Siemens Energy, where he
will be responsible for the Power Generation and Oil & Gas units. Kayser is
currently still Head of Strategy at Siemens AG. Until further notice, he will
continue to lead this department on an acting basis in addition to his new role.
As POC Chairman, Kayser will report directly to Deputy CEO Roland Busch.
On September 26, 2017 Siemens and Alstom have signed a Memorandum of Understanding to combine Siemens' mobility business, including its rail traction drives business, with Alstom. The transaction brings together two innovative players of the railway market with unique customer value and operational potential. The two businesses are largely complementary in terms of activities and geographies. Siemens will receive newly issued shares in the combined company representing 50 percent of Alstom's share capital on a fully diluted basis.On February 6, 2019 the European Commission has announced its decision to prohibit the proposed combination of the Siemens and Alstom mobility businesses. As a result of this prohibition, the merger will not proceed. Siemens and Alstom regret that the remedies they offered, including recent improvements, have been considered insufficient by the EU Commission.
- Technical prerequisites for Industrie 4.0 fulfilled
- Personalized medicine is driving digitalization of the pharmaceutical industry
- IoT solutions as a growth driver
The digital transformation of the industrial sector is in full swing: with its Digital Enterprise portfolio, Siemens has fulfilled the technical prerequisites for implementing Industrie 4.0, the Fourth Industrial Revolution. As a result, companies of any size or industry can immediately begin using "digital twins" across the entire value chain in order to increase their competitiveness over the long term. "With our Digital Enterprise portfolio, our customers are now already achieving improvements in flexibility, time-to-market, efficiency and quality," said Eckard Eberle, CEO of Siemens' Process Automation Business Unit, at a press event in Vienna, Austria. "With these capabilities, they can successfully tackle some of the challenges that the process industries are currently facing. The growing importance of personalized medicine, for instance, is strengthening demand within the pharmaceutical industry for digital technologies that enable continuous, paperless production in smaller batches all the way down to a lot size of one."