Search Results

• Orders increased 13% on a comparable basis, excluding currency translation and portfolio effects, and revenue grew 2% compared to Q1 FY 2018
• On a nominal basis, orders rose 12%, to €25.2 billion and revenue was up 1%, to €20.1 billion; the book-to-bill ratio was 1.25
• Adjusted EBITA for Industrial Business was lower, at €2.1 billion, due mainly to a decline in Power and Gas; Industrial Business Adjusted EBITA margin at 10.2%, held back by severance charges amounting to 0.4 percentage points
• Net income came in at €1.1 billion, resulting in basic EPS of €1.26, which was burdened by €0.08 from severance charges; the change year-over-year is due to two substantial positive factors outside of Industrial Business in the prior-year period: a gain from the sale of shares in OSRAM Licht AG and sharply lower income tax expenses related to U.S. tax reform

"Our continued high order growth underlines the customer confidence in the performance of our company. There is still much to do before we achieve industry-leading margins in all our businesses."

• Annual Shareholders' Meeting ratifies acts of Managing and Supervisory Boards by large majorities

At today's 53rd ordinary Annual Shareholders' Meeting of Siemens AG, shareholders approved the distribution of a dividend of €3.80 per share for fiscal 2018, as proposed by the Managing and Supervisory Boards. The dividend for fiscal 2018 was thus €0.10 higher than the dividend for fiscal 2017. The company has now increased its dividend five years in a row.

• Marks the biggest contract for Siemens in Oman and one of the longest service agreements in the oil and gas sector
• Complements the country's economic diversification plans

Highlighting its commitment to supporting Oman in meeting its growing power needs, Siemens has received an order to supply the Duqm Integrated Power and Water project (DIPWP) with gas and steam turbines, long-term power generation services and digital solutions. The total order volume of the contract is in the range of 200 million euros, representing Siemens' largest contract in the Sultanate of Oman. Spanning a period of 25 years, the service contract for the project, marks also one of the company's longest contracts in the oil and gas sector globally. Following completion of the project in 2022, DIPWP will have an installed generating capacity of 326 megawatts in combined-cycle duty and 36,000 cubic meters of desalinated water for Duqm refinery and petrochemical facilities per day.

• In Trondheim, 55 battery modules per shift will be assembled for the marine and offshore market in the future
• The factory includes a robotized and digitized production line with eight robot stations
• Worldwide there is a strong demand for safe and reliable battery solutions

Together with Norwegian Prime Minister Erna Solberg, Siemens today opened one of the world's most advanced and robotic battery module factories in Trondheim, Norway. In the future, 55 battery modules per shift will be assembled every day for the marine and offshore market. "We expect this market to grow significantly in the future. That is why we have invested in the development of safe and reliable battery solutions," says Bjørn Einar Brath, Head of Offshore Solutions at Siemens. The factory comprises a robotized and digitized production line with eight robotic stations with a capacity of up to 300 megawatt hours (MWh) per year. From unpacking the incoming production parts to testing the finished battery module, the whole factory is completely automated. One battery consists of nine battery modules, each module consists of 28 battery cells.

• Re-powering of Cooperative Energy's R.D. Morrow, Sr. Generating Station in Purvis, Mississippi
• Third order for new Siemens HL-class gas turbine
• Higher efficiency and reduced CO2 emissions
• Long-term service contract included

Siemens has secured an order in the U.S. for the re-powering of Cooperative Energy's R.D. Morrow, Sr. Generating Station facility in Purvis, Mississippi. The customer will use Siemens' cutting-edge HL gas turbine technology to re-power the facility's existing coal-powered steam turbines. This is the third order that the company has received for its new HL-class gas turbine. The natural gas-fueled combined cycle power plant will have an installed capacity of approximately 550 megawatts and will supply reliable electricity to Cooperative Energy's Member cooperatives, which serve approximately 430,000 homes and businesses across the state.

• New initiative targeted to launch at Hannover Messe 2019

Singapore Economic Development Board (EDB), McKinsey & Company, SAP, Siemens and TÜV SÜD today announced a collaboration to support companies, both big and small, scale the adoption of Industry 4.0 technologies.

Siemens Canada, New Brunswick Power (NB Power) and Nova Scotia Power (NSP) agreed on conducting a joint project to develop and demonstrate smart grid technology to better manage the provinces´ electricity and reduce greenhouse gas emissions. The overall investment for the project amounts to $92.7 CAD million (€ 60.95 million). For a joint pilot project aimed at analyzing challenges and opportunities posed by Canada's energy transition, the three partners have been awarded $35.66 M CAD (€ 23.45 million) in federal funding. The partners will research and test in real-time how the grid of the future can optimize integration of renewables, ensure stability of the grid and manage decentralized distribution in order to better manage the provinces’ electricity, potentially reduce future electricity costs for consumers and reduce greenhouse gas emissions. The pilot, officially called the Smart Grid Atlantic project, is being funded in part by the Government of Canada's Strategic Innovation Fund.

A Kamstrup-Siemens consortium will deliver a smart metering solution including 250,000 electricity meters, a remote reading system and a data management system to the Irish energy company ESB Networks. The project is planned for execution during 2019-2020.

• Initial call for 40 Vectron MS locomotives
• Deliveries to begin in February 2019

Siemens Mobility and DB Cargo AG signed a framework agreement for the delivery of 100 multisystem locomotives. At the signing of the contract, DB's freight division placed an initial call for 40 Vectron multisystem locomotives. The locomotives are planned for cross-border transport in several European countries. Delivery of the locomotives will begin in February 2019 and be completed by June 2020.