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The European Commission has announced today 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.

• S70 low-floor light rail vehicles
• After delivery, Houston will have 51 Siemens Mobility vehicles

Siemens Mobility has been awarded a contract from the Metropolitan Transit Authority of Harris County (METRO) for 14 light rail vehicles that will operate in Houston, Texas. This marks Houston METRO's third order for Siemens Mobility vehicles, which will bring the total number in Houston to 51. The S70 low-floor light rail vehicles will supplement the vehicles currently servicing the city's three light-rail lines, which account for nearly two million trips per month. This will ensure the system's reliability, efficiency and passenger experience.

• Focus on smart buildings and cloud-connected products and systems
• New version of the Desigo CC integrated building management platform
• Intelligent Valve: self-optimizing, dynamic valves with cloud connection

At ISH 2019, the leading international trade show for building, energy and air conditioning technology and renewable energies, the Siemens Building Technologies Division will present numerous innovations from its product and systems portfolio, as well as new digital services for customers. These portfolio additions from Building Technologies will enhance smart buildings, link products and building management systems to the cloud, connect disciplines, and make data available from anywhere and at any time. Building Technologies' extensive range of reliable and accurate building control products, multi-disciplinary building management systems and software offerings, all of which are easy to adapt to individual applications, are the foundation for digitalized buildings. As the leading smart building company, Building Technologies helps create more user-friendly and efficient buildings by turning data into actionable insights. Making buildings comfortable, safe and efficient remains the overall goal of Building Technologies' "Creating Perfect Places" initiative.

• Effective immediately, employees in Germany can propose concrete qualification projects
• Up to €100 million for qualification measures, especially in future-oriented professional fields
• New learning culture: a willingness to learn completely new things

The Fund for the Future that Siemens and the company’s Central Works Council agreed to establish in May 2018 is now available to finance qualification projects in Germany. Until the end of fiscal 2022, Siemens will provide up to €100 million for such projects, in addition to the company’s regular annual budget of around €500 million for training and continuing education, thereof €290 million in Germany. The Fund for the Future is a key element with which Siemens and the Central Works Council are shaping the structural transformation of today’s economy – a transformation that is changing the working world to an unimaginable degree.

• Operator is Go-Ahead Verkehrsgesellschaft Deutschland GmbH
• 44 Mireo multiple-unit and twelve Desiro HC double-decker trainsets
• Order worth around €400 million
• Higher capacity and significantly enhanced passenger comfort

Operator Go-Ahead Verkehrsgesellschaft Deutschland GmbH has commissioned Siemens Mobility to deliver 56 regional multiple-unit trainsets. The trains are planned for use on the electrified routes of the "Augsburg rail networks" in southwestern Bavaria. A total of 44 three-car Mireo electric trainsets and twelve five-car Desiro HC electric double-decker trains are to be delivered. Both types of trains can be combined, enabling the operator to flexibly adapt to changing passenger demand. The order is worth around €400 million. Passenger service with the new trains is scheduled to begin with the change of the timetable in December 2022.

• State-of-the-art reactive power compensation systems from Siemens are supporting the power supply for the greater Frankfurt area.
• The transmission systems for grid operator Amprion have been successfully running in test operation since the end of December 2018.

Commissioned by grid operator Amprion, Siemens built two reactive power compensation systems for the important Kriftel power grid node: a mechanically switched capacitor with damping network (MSCDN) and a power-electronic static synchronous compensator (STATCOM). The systems have been running successfully in test operation since December 2018. They're able to dynamically, rapidly, and flexibly increase or decrease the grid voltage on demand, which is necessary to keep the grid stable despite the increase in fluctuating power supplies from renewable and distributed energy sources. At the same time, the system will help prevent gaps in supply due to large power plant shutdowns. The Kriftel substation between Frankfurt and Wiesbaden controls power distribution for the Greater Frankfurt Area and its almost six million inhabitants.

• 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.