Accelerating High Value Growth
Today the virtual Siemens Capital Market Day “Accelerating high value
growth” took place. Roland Busch and the Siemens leadership team outlined Siemens’ overall strategy as a focused technology company.
- Creating maximum customer impact by uniquely combining the real and digital worlds
- Focus on sustainability with ambitious “DEGREE” framework
- Updated Financial Framework with new financial targets for accelerated, high-value growth
- Comparable annual revenue growth of 5 percent to 7 percent over the business cycle (previously: 4 percent to 5 percent)
- Annual increase in earnings per share before purchase price allocations (EPS pre PPA) in high-single-digit percentage range
- Progressive dividend policy; new share buyback program of up to €3 billion – to begin in fiscal 2022 and run until 2026
- Outlook Fiscal 2021: Net income
continues to be expected in the range of €5.7 billion to €6.2 billion, however
now including the previously announced burdens in connection with the
acquisition of Varian
As part of its virtual
Capital Market Day entitled “Accelerating High Value
Growth,” Siemens AG is presenting its new growth strategy today. This strategy
is also reflected in ambitious new
Financial Framework targets, and it includes a comprehensive sustainability agenda.
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- Alpentherme boosts energy efficiency and climate neutrality
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- Annual cost savings of more than €80,000 through comprehensive modernization efforts
In cooperation with Siemens Smart Infrastructure, Alpentherme Gastein is undertaking various modernization efforts to make one of Austria’s largest spas emissions-free. Alpentherme Gastein, which has six themed “worlds” covering 36,000 square meters, and Siemens have been long-term partners working to advance technological development and improve building solutions installed at the wellness establishment. They recently completed a joint project with an investment of approximately €1.7 million, transforming Alpentherme Gastein into a state-of-the-art facility with higher levels of energy efficiency and climate neutrality. Among other things, the upgrades consisted of adapting the entire hydronic heating system and swimming pool ventilation, including enlarging the heating registers. Adapting the system hydronics allows a large share of the required thermal energy to be generated by means of low-temperature heat pumps. This makes it possible to use recovered thermal energy sources and reduce energy generation costs. As a result, Alpentherme has cut its annual costs by approximately €82,000 while reducing carbon emissions by almost 370 tons per year.
- Focus on ecofriendly vehicles
to help make company carbon neutral by 2030
- New app enables executives
to switch company cars flexibly anytime based on their specific requirements
- Under the EV100 initiative,
Siemens wants to have a fully electric fleet by 2030
In January 2022, Siemens
will introduce a new model for the company cars used by its executive-level
employees. Currently in the pilot phase, the new model is to be implemented
Germany-wide by the beginning of next year. The goal is to provide employees
with greater access to cars with ecofriendly drive systems and thus give them
an additional incentive to use electric vehicles. Siemens’ fleet organization
will also be more flexible and sustainable since employees will be able choose the
type of electric vehicle they want at any time based on their requirements. This
spring, the company joined the Climate Group’s EV100 initiative and thus set a
target of transitioning its global fleet to 100 percent electric mobility
by 2030.
- Siemens Arts Program boosts efforts to foster
young talent in new cooperative initiative with Berliner
Philharmoniker’s Karajan Academy
- Siemens
Conductors Scholarship includes position as assistant to chief conductor of the Berliner
Philharmoniker, Kirill Petrenko
- Conducting
competition to take place in Berlin from October 22 to 24, 2021
- Winner to receive academy scholarship for two-year
program of study as well as conduct a dedicated portrait concert
The Siemens Arts Program is collaborating with the Berliner
Philharmoniker’s Karajan Academy to hold a conducting competition in the Berlin
Philharmonie concert hall from October 22 to 24, 2021. The winner will be
awarded a scholarship as part of a two-year program of study at the academy.
The honors include a position as assistant to the chief conductor of the Berliner
Philharmoniker, Kirill Petrenko. The winner will have the opportunity to
conduct his or her own portrait concert with the Karajan Academy’s Chamber
Orchestra in the Chamber Music Hall at the Berliner Philharmonie. The
competition begins on Friday, October 22, 2021, and will consist of three separate
rounds held over three days. The winner will then be announced on the evening
of Sunday, October 24, 2021.
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- Unlocking digital model data along the product lifecycle for drive systems
- Accessing CAD data in web, Augmented Reality and Virtual Reality
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- Combining IIoT with visual computing for design collaboration and troubleshooting
Drive systems are core assets in industrial processes. Key aspects of the structural design and functionality are reflected in digital twins. Visualizing digital model data along the product lifecycle of a drive system is key in operational tasks from collaboration in design to remote service or troubleshooting. Moreover, the introduction of augmented reality and virtual reality in the industrial domain yields the potential to become a productivity driver for the human interaction with data.
- Focus on combining the real and the digital worlds
- IIoT: Data-based algorithms increase operational efficiency of plants
- Process optimization and modularization as the key to success
At the "Achema Pulse" live digital event, Siemens will be demonstrating how the combination of the real and the digital worlds empowers industrial companies to act in a versatile and sustainable manner. Companies in the process industry are facing urgent and rapidly changing challenges. The Covid-19 pandemic in particular has transformed demand patterns and global supply chains virtually overnight. At the same time, industry-specific regulations and standards are creating new framework conditions for production. Digitalization and automation are the levers for mastering these changes. Industrial IoT solutions can exploit the resulting data to secure a competitive advantage since the intelligent analysis, understanding and utilization of the data allows companies to adapt their processes faster to changing requirements. The Siemens Digital Enterprise portfolio makes this possible by combining the real world with the digital world, thus enabling solutions for simulation, virtual processes, remote access and connectivity as well as presenting service offerings for digital transformation. Thanks to the corresponding industry-specific know-how, individual sector requirements can be taken into account.
- Siemens
Caring Hands to make 100 oxygen concentrators available to medical institutions
in India through Caritas international
- Concentrators to be delivered to hospitals in Bengaluru, Goa and
Chennai
- Donations from Siemens to be used to provide further medical
equipment, hygiene kits, masks and food to affected families
The Siemens Caring Hands e.V. charity is
making a long-term contribution toward fighting the pandemic in India and is providing
100 oxygen concentrators to hospitals in Bengaluru, Goa and Chennai. The
concentrators are to be delivered by mid‑June 2021 to facilitate the
treatment of COVID-19 patients. India is one of the countries hardest hit by
the corona crisis. The World Health Organization estimates that about 29
million people have contracted COVID-19 in India since the pandemic began and that
about 350,000 of them have died.
- First automated railway in Germany
- Passenger benefits: Technology provides higher
capacity and reliability with better energy balance
- “Decisive move for step change in mobility”
(Berlin, June 9, 2021) This year, the German Mobility Award goes to the Digital S-Bahn Hamburg.
The team from Deutsche Bahn and Siemens Mobility is putting Germany’s first
fully automated railway in service. In cooperation with the city of Hamburg,
four Hamburg S-Bahn trains operating with passengers will be digitally
controlled during the ITS Congress in October. The advantage of the new
technology, which has been under development since 2018: More trains can
operate on existing rail lines with higher reliability and lower energy
consumption.