- Revenue was €20.1 billion, nearly unchanged from Q2 FY 2017, and orders were also strong at €22.3 billion, 2% below the high basis of comparison a year earlier which included a substantially higher volume from large orders; the book-to-bill ratio was 1.11
- On a comparable basis, excluding currency translation and portfolio effects, revenue was level and orders declined by 1%
- Industrial Business profit of €2.3 billion and Industrial Business profit margin of 11.0%; strong performance led by Digital Factory, held back by a sharp decrease in profit and profitability at Power and Gas
- Net income of €2.0 billion included a €0.7 billion profit from Centrally managed portfolio activities; basic earnings per share (EPS) increased to €2.39, up from €1.75 in Q2 FY 2017
- The successful initial public offering (IPO) of Siemens Healthineers AG included the float of a 15% interest in the business
"Most of our businesses, primarily our digital offerings, showed impressive performance and operationally more than offset structural challenges in fossil power generation. By raising our guidance, we demonstrate our commitment to the company’s capability to master structural change and shape digital industry."
Mitsui Rail Capital Europe (MRCE), a full-service locomotive leasing company, has ordered 136 Vectron type locomotives from Siemens in total. MRCE therefore owns one of the biggest Vectron fleets. In March 2018 Siemens and MRCE have agreed to found a joint venture for the maintenance of locomotives. Together, the companies will not only maintain the MRCE fleet, but also reliably service and guarantee the maximum availability of third-party fleets with their innovative maintenance technologies. Both partners are jointly investing in the joint venture, primarily to build a new workshop for locomotives. The groundbreaking ceremony is planned for the current calendar year. The new workshop is scheduled to open in the summer of 2019.
- Safe, attractive and comfortable work environment increases productivity
- Digital natives have increased workplace expectations; building technology is crucial for the image of a building and its rentability
- Significantly higher net operating results through superior rentability and lower energy and operating costs
Under the name Premium Office, Siemens is introducing a modular solution of building technologies and services for distinctive office buildings. Premium Office leverages the digitalization of building technologies to transform office buildings into smart high-performance office landscapes. Premium Office offers facility managers, building owners and investors a competitive advantage in the office market and gives building users an attractive place to work.
- Framework agreement for restructuring at Power and Gas (PG) and Process Industries and Drives (PD)
- Cost reduction targets retained, job cuts unavoidable
- At the same time, a future pact for shaping the structural transformation
- Siemens establishes future fund for further qualification of employees
Following intensive exploratory talks, Siemens has reached an agreement with its Central Works Council and the IG Metall labor union regarding a future pact for the digital transformation. The pact defines the framework for the restructuring measures currently required at the Power and Gas Division (PG) and the Process Industries and Drives Division (PD) and is thus the basis for the negotiations that are now beginning regarding a reconciliation of interests and a social plan.
- Siemens to deliver 20 Vectron MS and five Vectron DC
- Delivery beginning at the end of 2018
- MRCE Vectron fleet growing to 136 locomotives
Mitsui Rail Capital Europe (MRCE), a full-service locomotive leasing company, has ordered a further 25 Vectron locomotives from Siemens. Ten of these units will be multisystem Vectron locomotives, used for operating across Europe from the Netherlands to Southeast Europe, and will be delivered at the end of 2018. Ten further Vectron MS locomotives are planned for service on the Rhine-Alps Corridor, and will be delivered in the second half of 2019. Five additional units will be equipped as direct-current locomotives (Vectron DC) and are to operate exclusively in Italy. Delivery of these five is planned beginning in March 2019.
- In the future, Legal and Compliance will be assigned to President and CEO Joe Kaeser
- Andreas Christian Hoffmann will become new General Counsel and head of the Legal and Compliance Department, effective January 1, 2014
Peter Solmssen will resign from the Managing Board of Siemens AG by mutual agreement, effective December 31, 2013. A member of the Managing Board since October 2007, Solmssen has served as General Counsel and head of the Legal and Compliance Department. In the future, the Managing Board area Legal and Compliance will be assigned to President and CEO Joe Kaeser. Andreas Christian Hoffmann will be the new General Counsel and head of the Legal and Compliance Department. He will report directly to the President and CEO.
- Real-time, intelligent management of both cooling production and distribution in data centers
- Improved offering for thermal optimization, saving up to 50 percent of total cooling costs
- Strategic partnership with data center solution provider Vigilent
The Siemens Building Technologies Division is expanding its existing Thermal Optimization offering set for data centers to intelligently ensure both highly efficient cooling production and cooling distribution throughout the entire facility. To improve the way cooling is distributed throughout data center "white space," Siemens is integrating Vigilent's artificial intelligence-based dynamic cooling management solution into its data center portfolio. Siemens will leverage Vigilent's real-time data analysis capabilities to dynamically match cooling to IT load in server rooms. In addition, Siemens strengthened its strategic partnership with Vigilent by becoming a minority shareholder.
A clean, reliable power supply is critical for offshore oil and gas assets. Siemens is now applying its extensive electrification experience in the marine industry to offshore oil and gas, with a focus on reducing emissions and risk in particularly unforgiving operational environments. The company's advanced lithium-ion battery-based solution, known as BlueVault™, is suited for both all-electric and hybrid energy-storage applications. BlueVault energy storage solutions are designed to help ensure continuity of power and to minimize carbon dioxide emissions, with an end goal of a low-emissions platform. The battery is designed to maximize life, performance and safety.
Siemens has received an order from Comisión Ejecutiva Portuaria Autónoma (CEPA) to equip the international airport it operates in El Salvador with electrical systems. The airport is scheduled to be significantly enlarged and modernized by 2032. The order covers the supply, installation, testing, and commissioning of high-voltage, medium-voltage, and low-voltage technology for the safe and reliable supply of power to the new terminals. Siemens will carry out the order, which is worth €3.5 million, in a consortium with a local construction company.