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• Revenue increased in first quarter to €14.1 billion, orders surged to €15.9 billion
• Adjusted EBITA Industrial Businesses jumped 39 percent year-over-year to €2.1 billion and adjusted EBITA margin to 16.0 percent (Q1 2020: 11.7 percent)
• Net income rose substantially to €1.5 billion (Q1 2020: €1.1 billion)
• Free cash flow improved significantly to €1.0 billion (Q1 2020: €44 million)
• Net income in 2021 expected to be between €5.0 billion and €5.5 billion

Siemens AG has started off fiscal 2021 with a strong first quarter. From October to December 2020, orders, revenue and net income considerably exceeded both the prior-year figures and market expectations despite the still complex macroeconomic environment due to the COVID-19 pandemic and despite negative currency translation effects. As a result, Siemens has significantly raised its annual guidance for fiscal 2021 at key points. 

• Siemens successfully completes leadership succession: Roland Busch new President and CEO at conclusion of Annual Shareholders’ Meeting
• Emotional farewell to predecessor Joe Kaeser after 40 years at Siemens AG
• Jim Hagemann Snabe reelected for four more years and confirmed as Supervisory Board Chairman
• Shareholders elect Grazia Vittadini and Kasper Rørsted to Supervisory Board
• Shareholders approve dividend proposal of €3.50 per share

Siemens AG has successfully completed the succession process for its top management. As long planned, Roland Busch (56) has succeeded long-serving President and CEO Joe Kaeser (63) as head of the Munich-based technology company. At the company’s virtual Annual Shareholders’ Meeting today, shareholders also confirmed, by a large majority, Supervisory Board Chairman Jim Hagemann Snabe (55) for another four-year term of office. In addition, shareholders elected Grazia Vittadini (51), Chief Technology Officer of Airbus and member of the Airbus Executive Committee, and Kasper Rørsted (58), CEO of adidas AG, first-time Supervisory Board members, likewise by large majorities. Their terms of office will run for four years. The total number of people following the virtual meeting, at which a total of around 350 questions were asked, peaked at 7,100.

• Annual Shareholders’ Meeting in virtual format due to corona pandemic
• Siemens bids farewell to Joe Kaeser after more than 40 years at the company
• Total shareholder return more than doubled since Kaeser took office in 2013
• Roland Busch new President and CEO of Siemens AG
• Jim Hagemann Snabe to stand for reelection for another four years and again assume Supervisory Board chairmanship
• Grazia Vittadini (Airbus) and Kasper Rørsted (adidas) nominated for election to Supervisory Board

The successful term of office of long-serving President and CEO Joe Kaeser (63) will end today at the Annual Shareholders’ Meeting of Siemens AG. As long planned, leadership of the Munich-based technology company will be transferred from Kaeser to his successor, Roland Busch (56) – a step that will mark the successful completion of Siemens’ leadership succession process. Due to the COVID-19 pandemic, the shareholders’ meeting is being held exclusively in a virtual format, in which neither shareholders nor their proxies will be present in person. 

• More flexibility thanks to KNX communication capability
• Less wiring reduces cost and saves inputs/outputs on the controller
• Ideal for noise sensitive applications thanks to <28 dB noise level

Siemens Smart Infrastructure has upgraded its range of SSA actuators for small valves by adding new features for more energy efficient and versatile hydronic room applications. The updated SSA actuators now offer more flexibility due to their broad control possibilities - from analog control to KNX communication capabilities for room solutions and fast integration into connected systems. While using the same cable for communication and power, the customer saves time and cost. Thanks to the operating mode ‘nightmode’, the actuators are more silent than ever, with less than 28 dB. This makes them ideal for use in noise-sensitive areas, such as hotels, recording studios, meeting rooms and libraries.

• Order for double-decker Desiro HC trains and single-decker Mireo trains

DB Regio Bayern has ordered 31 regional trains from Siemens Mobility. The trains will serve on routes between Munich, Passau and Regensburg. Siemens Mobility will be delivering 25 double-decker Desiro HC trainsets and six single-decker Mireo trainsets. Passenger service with the new trains is planned to begin with the timetable change in December 2024.

• Cerberus PACE covers all PA/VA needs, from small and simple to large and complex applications 
• Pro-quality sound with low latency 
• Cost-efficient solution with no single point of failure 

Siemens Smart Infrastructure has launched a new compact version of its CerberusPACE Modular system, further extending the range of applications in which the public address voice alarm (PA/VA) solution can be employed. Together, CerberusPACE Modular and Compact offer a comprehensive PA/VA solution, which can beintegrated with fire protection and danger management systems. This enables evengreater customization to protect lives, assets and business continuity.  

• Aral to install more than 100 ultra-fast chargers at 30 gas stations in Germany until end of first quarter 2021; further roll-out planned
• Siemens to provide intelligent grid connection for growing power demand
• Cloud connection creates transparency across all locations, increases efficiency and reliability

Aral AG, a subsidiary of the bp group in Germany, has tasked Siemens Smart Infrastructure with expanding the grid connection at 30 selected gas stations. The installation of intelligent substations allows Aral to upgrade its gas stations with ultra-fast charging technology for electric vehicles. The installation is expected to be completed by the end of February.

• Siemens expands long-standing relationship supporting U.S. Air Force with proven digital capabilities to innovate in the defense industry

Siemens today announced the U.S. Air Force has selected Teamcenter® software as the foundational system of record to support its digital acquisition and sustainment strategy for critical systems and technologies across the service. The selection of Teamcenter as the Air Force enterprise standard follows a 2019 indefinite-delivery / indefinite-quantity contract for $24.6 million to Siemens for licensing, maintenance and support.