- Visit highlights the importance of bilateral relations between the United Kingdom and Germany
- His Royal Highness Prince of Wales gains insights into sustainability and the new world of work
- CEO Joe Kaeser: "Our relationship is strong, resilient and geared to a common future."
His Royal Highness The Prince of Wales has visited the headquarters of Siemens AG while on a trip to Germany. The Prince's trip is focused on the bilateral relations between the United Kingdom and Germany. During his roughly 45-minute tour of the company's headquarters, Prince Charles learned about topics such as sustainability, the new world of work and Siemens' Cents4Sense initiative. He also signed the company's visitors' book.
Klaus Patzak (54), currently Managing Partner of the Siemens Portfolio Companies, has been appointed Chief Financial Officer (CFO) of the new Siemens Gas and Power business (GP). In this role, Patzak will be responsible for building the Finance governance structures, steering the activities required for carving out and listing, and helping to shape the format of the future stand-alone Siemens energy business. In his new role, he will report directly to Lisa Davis, Chief Executive Officer (CEO) of the Gas and Power Business that is to be created. Via a functional reporting line, he will also report to Siemens CFO, Ralf P. Thomas.
- Orders grew 6%, to €23.6 billion, and revenue rose 4%, to €20.9 billion, for a book-to-bill ratio of 1.13 and record high order backlog of €142 billion
- On a comparable basis, excluding currency translation and portfolio effects, orders increased 4% and revenue was up 2% compared to Q2 FY 2018
- Adjusted EBITA for Industrial Business climbed 7% to €2.4 billion, with most businesses increasing their performance; Industrial Business Adjusted EBITA margin reached 11.4%, even with severance charges taking 0.3 percentage points
- Net income reached €1.9 billion, near the prior-year level which benefited substantially from a €0.7 billion Adjusted EBITA from Centrally managed portfolio activities; the current period benefited from a lower income tax rate, and basic EPS of €2.24 was burdened by €0.08 from severance charges
"We delivered on our promises again this quarter, and even exceeded expectations in many areas. Now, we enter into a new era to become an even stronger and more focused Siemens."
- Creation of new major player on the energy market with business volume of €30 billion and over 80,000 employees through spinoff of Gas and Power and transfer of Siemens' SGRE stake
- Spinoff to give shareholders direct participation in success and enable rapid implementation
- Future industrial core: Digital Industries and Smart Infrastructure
- Ambitious medium-term goals refined and long-term aspiration outlined
- Savings of €2.2 billion by 2023 through structural efficiency gains planned
- Growth in future-oriented fields to generate net increase of over 10,000 jobs despite efficiency measures
Siemens intends to meet its medium-term growth and profit targets by clearly focusing its portfolio on dynamic growth markets and efficiency gains. To this end, the Supervisory Board of Siemens AG today unanimously approved the next steps in the company's Vision 2020+ strategy concept, including the spinoff of Siemens' Gas and Power (GP).
- Partnership defines a new approach to digital safety and security
Siemens and TÜV SÜD have come together to address the growing risk of cyberattacks on critical infrastructure by collaborating to provide digital safety and security assessments, as well as industrial vulnerability assessments to help global energy customers identify asset risk and cybersecurity solutions.
Two technology teams were recognized today at the 50th annual Offshore Technology Conference (OTC) – Siemens BlueVault™ energy storage solutions and the Subsea Power Grid. Siemens is one of three companies to receive two Spotlight on New Technology (SONT) awards this year.
- New IP routers and IP interfaces ensure secure data and access-proof KNX communication over IP
- KNX IP Secure devices meet the highest security requirements in smart buildings
- More flexibility in power supply minimizes KNX bus current consumption
Siemens Smart Infrastructure expands the proven Gamma instabus building system with new IP routers and IP interfaces that support the latest KNX IP Secure standard. This extension of the KNXnet/IP protocol enables fully encrypted transmission of data telegrams, thus ensuring secure data- and access-proof communication between KNX IP routers within a single network.
- The agreement with Ministry of Electricity paving way to full execution of Iraq Roadmap
- Roadmap scope covers short, mid- and long-term addition of new highly efficient power generation capacity
- Includes rehabilitation, upgrade of existing plants, expansion of transmission and distribution networks
- Three contracts valued at around EUR 700m awarded for Phase 1 of the Roadmap
In a move that takes the roadmap for rebuilding Iraq's power sector a step further, Siemens and the Ministry of Electricity of the Republic of Iraq signed an implementation agreement to kick off the actual execution of the roadmap. The agreement builds on the exclusive Memorandum of Understanding signed between the ministry and Siemens in October last year, and outlines the specific projects, associated budgets and timelines for the execution phase, covering all essential elements of the electrification of Iraq. This includes the addition of new and highly-efficient power generation capacity, rehabilitation and upgrade of existing plants and the expansion of transmission and distribution networks. The document was signed by Joe Kaeser, President and CEO of Siemens AG, and Luay al-Khatteeb, Iraq's Minister of Electricity, in Berlin in the presence of Adil Abdul-Mahdi, Prime Minister of Iraq and Angela Merkel, Chancellor of the Federal Republic of Germany.
- Spectrum Power ADMS to provide reliable energy supply for 1.5 million people
- One multi-site system to handle all voltage levels
Hafslund Nett, Norway's largest grid company has contracted Siemens to supply a new Advanced Distribution Management System (ADMS) for the operation of the regional power grid in Akershus, Oslo and Østfold. The fully integrated grid operating center will enable monitoring and control of the complete power grid covering all (high-, medium-, low-) voltage levels. At the same time, it will allow easy integration of third-party IT/OT systems, such as customer information systems, workforce management or geographical information systems. The project is expected to be operational at the beginning of 2022.