- Orders in the third quarter climb 19 percent
- Order backlog reaches a new high of €102 billion
- Revenue down two percent
- Total Sectors Profit declines due to charges for Siemens 2014
- Net income rises to €1.1 billion
In the third quarter of fiscal 2013, Siemens made progress in strengthening its core business activities. Orders rose considerably on a major contract win. Total Sectors Profit declined due to charges related to the implementation of the Siemens 2014 program. Revenue declined slightly owing to a weak market environment.
At its meeting today, the Supervisory Board of Siemens AG approved the establishment of a compensation committee. Regulatory and legal requirements and the importance of compensation-related topics in the company's dialogue with society were the backdrop for this step.
- Joe Kaeser designated new President and CEO
- Peter Löscher resigns position by mutual consent
Joe Kaeser (56), Chief Financial Officer (CFO) of Siemens AG since 2006, has been designated the new President and CEO of Siemens AG, effective August 1, 2013. A new CFO will be appointed very shortly. The current CEO Peter Löscher will resign his position at the end of the day today and leave the Managing Board of Siemens AG by mutual consent. These changes were unanimously approved by the Supervisory Board of Siemens AG at its meeting today.
Today I offered premature termination of my employment contract, which runs until 2017, to the Supervisory Board of Siemens AG.
Siemens no longer expects to achieve a Total Sectors profit margin of at least 12 percent by fiscal 2014, as aimed for in the Siemens 2014 company program, mainly due to lower market expectations. The measures for optimizing the portfolio and reducing costs are largely on track. As announced, Siemens will report third-quarter figures on August 1, 2013.
At its meeting on July 31, 2013, the Supervisory Board of Siemens AG will decide on the early departure of the President and CEO. In addition, it will decide on the appointment of a member of the managing board as President and CEO. The agenda of the meeting of the Supervisory Board has been extended accordingly.
- First half of building project successfully completed
- Demolition work concluded, new construction beginning on schedule
- Building to meet highest sustainability standards
Together with Munich Mayor Christian Ude, Siemens President and CEO Peter Löscher has laid the foundation stone for the company's new headquarters building, which will be completed on Wittelsbacherplatz in Munich by the end of 2015. The future inner-city complex will provide employees with a 21st-century working environment and be freely accessible to the general public at ground level. Siemens has set the highest standards for sustainability for its new headquarters, and will fulfill the criteria for minimum energy consumptions in buildings.
Nokia Corporation and Siemens AG today announced that they have entered into a definitive agreement pursuant to which Nokia acquires Siemens' entire 50% stake in their joint venture, Nokia Siemens Networks. The acquisition has been approved by the Board of Directors of Nokia as well as the Managing and Supervisory Boards of Siemens, and is subject to the customary regulatory approval process.
- Michael Inacker named new communications head
- Stephan Heimbach to head government affairs and corporate affairs
Siemens AG is reorganizing the areas of corporate communications and government affairs at its company headquarters. Michael Inacker (49), currently assistant editor-in-chief and head of the Berlin office of the German newspaper Handelsblatt, has been named to head Siemens' corporate communications and corporate branding areas. He will assume his new duties at the latest by October 1, 2013. Corporate communications at Siemens AG comprises the company's external and internal communications as well as its branding-related activities. In the future, Stephan Heimbach, who currently has overall responsibility for corporate communications and government affairs at Siemens, will head the areas of corporate affairs and government affairs. As Corporate Vice Presidents, Stephan Heimbach and Michael Inacker will report to Siemens President and CEO Peter Löscher.