- From February 5-9, Siemens will present concrete solutions for ways that companies and investors can shape the digital future.
- Digitalization opens up huge potential for small and mid-sized companies in the manufacturing industry – with productivity gains of up to 10 percent.
- In the energy and infrastructure markets, efficiency gains are used to attain a large degree of sustainability.
- These efforts will require extensive investments, which are made easier with innovative financing solutions like pay-per-outcome financing, software financing and project financing.
During the opening session of Siemens Finance Week in the Siemens Technology and Application Center in Erlangen, about 60 decision-makers from small- and medium-sized enterprises learned about the potential of digitalization and ways that new, customer-centric business models can be introduced with the help of financing solutions. The Company Barometer prepared by the German Chambers of Commerce and Industry shows that 68 percent of small and medium-sized enterprises in Germany see opportunities for new digital business models. The optimization potential is enormous: In the manufacturing industry alone, according to the results of a Siemens Financial Services white paper, productivity can be boosted by up to 10 percent through continued digitalization. Figures from the United Nations Committee on Trade and Development (UNCTAD) indicate that this would amount to business volume of approx. €650 billion globally and €60 billion in Germany.
- The German energy provider SWW Wunsiedel and Siemens open the "House of Future Energy"
- Siestorage, currently the biggest battery storage system in Bavaria, Germany, launches with a capacity of 8.4 megawatts
- A technology partnership for the WUNsiedler Weg concept
- SWW is the first public utility company on the MindSphere IoT platform
SWW Wunsiedel GmbH and Siemens are working together as technology partners on innovative ways to shape the decentralized power supply of the future. Their first project is the Siestorage battery storage system, which is expected to stabilize the local power grid with a capacity of 8.4 megawatts. As part of the partnership, SWW Managing Director Marco Krasser, State Secretary Franz Josef Pschierer, and Siemens CTO Roland Busch opened the "House of Future Energy" in Wunsiedel, Germany. This permanent exhibition provides information about the "WUNsiedler Weg Energie 2.0" climate protection concept as well as the technologies and business models that can be used to implement the energy transition cost-effectively.
On February 5, 2018 in Wunsiedel, Germany, Bavaria's largest battery storage system to date was dedicated by the Managing Director of Stadtwerke Wunsiedel (SWW) Marco Krasser, Secretary of State Franz Josef Pschierer, and Siemens Chief Technology Officer Roland Busch. The Siemens Siestorage system based on lithium-ion batteries has a capacity of 8.4 megawatts. It will ensure the future stability of the distributed power grid and opens up the possibility of the municipal utilities company's participation in the primary control reserve market.
- Shareholders ratify acts of Managing and Supervisory Boards by large majorities
- Dividend proposal of €3.70 per share accepted
Jim Hagemann Snabe is the new Supervisory Board Chairman of Siemens AG. At today's constituent meeting of the new Supervisory Board, the 52-year-old software expert was elected to succeed Gerhard Cromme. Gerhard Cromme's term of office as Chairman and member of the Supervisory Board expired at the conclusion of the 2018 Annual Shareholders' Meeting. A member of the Supervisory Board since 2003, he had been its Chairman since 2007.
We released our first quarter results for fiscal year 2018 on January 31, 2018. The Press Conference and the Analyst Call were broadcast live.
- Bremer Straßenbahn AG exercises option in 2017 contract
- Siemens builds a total of 77 trams
- Delivery of the additional trams begins in 2021
The German operator Bremer Straßenbahn AG (BSAG) has ordered an additional ten Avenio trams from Siemens, exercising an option in a contract signed in June 2017, when BSAG ordered 67 Avenio trams. Including the new order, the Hanseatic city’s fleet of Siemens trams will grow to a total of 77. Delivery of the newly ordered trams will begin in 2021.
Siemens held its Annual Shareholders' Meeting at the Olympia Hall in Munich on January 31, 2018.
- Orders rose 14% to €22.5 billion and revenue was up 3% at €19.8 €billion, including strong growth contributions from Mobility and Digital Factory and new business particularly resulting from the merger of Siemens' wind power business with Gamesa Corporación Tecnológica, S.A.
- Book-to-bill ratio rose to reach 1.13, the highest ratio since booking of large Egypt orders in Q2 FY 2016
- On a comparable basis, excluding currency translation and portfolio effects, orders increased 7% and revenue grew 1%
- Industrial business profit at €2.2 billion, down 14% due mainly to a sharp decline in Power and Gas which more than offset excellent performance in the short-cycle businesses and Mobility; current quarter impacted by negative currency effects while Q1 FY 2017 benefited from a portfolio gain; Industrial business profit margin at 11.0%
- Net income rose 12% to €2.2 billion; the current period included a largely tax-free gain from the sale of shares in OSRAM Licht AG and benefited from sharply lower income tax expenses due mainly to the revaluation of future tax positions following U.S. tax reform; basic earnings per share (EPS) increased to €2.68 from €2.41 in Q1 FY 2017
"The first quarter underlines the strength of our company. We take advantage of the growth momentum of the global economic upturn and set benchmarks in industrial digitalization. We clearly understand our opportunities and we know what we have to do."
On January 24, 2018, the most powerful high-voltage direct-current (HVDC) transformer began its journey from the transformer factory in Nuremberg, Germany, to China. The transformer will first be transported to the harbor in Nuremberg by special heavy load transporter, where it will be loaded onto a ship. Its journey will take it to Rotterdam via the Main-Danube Canal, and from there it will be shipped to China, where it will arrive after several weeks on the high seas. In July 2016, Siemens received an order to manufacture four transformers of this type. About a year later, the world’s first 1,100 kV transformer was completed and successfully passed the tests in the testing facility. The enormous dimensions of the transformer – 37.5 meters long, 14.4 meters tall, and 12 meters wide – posed a logistical challenge for the team. In operation, the transformer weighs just under 900 tons and its efficiency is well above 99% of the rated power. For the first time, the transformer will enable a high-voltage direct-current (HVDC) transmission with low losses over a record distance of 3,284 kilometers with a transmission capacity of 12 gigawatts. HVDC transformers are part of the converter station that convert alternating current into direct current at the beginning of the transmission line and convert it back again at the end of the line. The conversion from alternating current to direct current helps to transmit energy over long distances with low losses. Transformers are key components of an HVDC line: Thanks to the transformer, the Changji-Guquan project will be able to transmit direct current with a huge 1,110 kilovolts for the first time in the world. The new transformer not only makes the transmission of this record voltage level possible, but it is also the world’s most powerful tested transformer with a capacity of 587 megavoltamperes. Siemens has thus achieved a new dimension in high-voltage direct-current transmission. The HVDC line between Changji and Guquan will be operated by State Grid Corporation (SGCC), a Chinese grid operator. The connection is expected to begin operation in 2019.