- Two-digit million euro order volume, including a 15-year contract for maintenance services and spare parts
- State-of-the-art technology is able to handle up to 100,000 parcels per day
- Completion planned for summer 2016
Siemens has been contracted to design, supply, install and commission an integrated parcel sorting system for the Singapore Post's (SingPost) new Regional eCommerce Logistics Hub. The contract includes 15 years of spare parts supply and maintenance services and has a two digit million order volume. The sorting system is planned to be completed in summer 2016.
The Supervisory Board of Siemens AG has elected Birgit Steinborn, Chairwoman of the company's Central Works Council, to the position of Deputy Chairwoman of the Supervisory Board. She will succeed Berthold Huber, who has been IG Metall's representative on the Supervisory Board since July 2004 and the Board's Deputy Chairman since January 2009. Huber has announced that he will resign from the Supervisory Board of Siemens AG, effective the end of the Annual Shareholders' Meeting on January 27, 2015. Steinborn will assume the position of Deputy Chairwoman of the Supervisory Board at that time. The employee representatives have requested that Reinhard Hahn be nominated to succeed Huber by court appointment.
- Birgit Steinborn elected Deputy Chairwoman of Supervisory Board
Gerd von Brandenstein, Peter Gruss and Berthold Huber have announced that they will resign from the Supervisory Board of Siemens AG, effective the end of the Annual Shareholders' Meeting on January 27, 2015. As of the spring of 2015, Gruss will head the new Siemens Technology & Innovation Council (STIC) that is being established by Siemens' Managing Board. The council will closely support the Managing Board in systematically analyzing and monitoring strategic topics in the areas of technology and innovation.
- Twelve researchers with more than 900 inventions honored
- Investments in research and development to increase €400 million
In fiscal 2014, Siemens filed 4,300 patent applications – a year-over-year increase of nine percent. In addition, the company intends to boost investments in research and development (R&D) by around €400 million. In fiscal 2014, R&D expenditures totaled roughly €4 billion. Twelve Siemens researchers and developers who together account for more than 900 inventions and 842 granted individual patents played a leading role in the company's success. They were honored by Siemens as Inventors of the Year 2014 in Munich on December 3.
The Siemens Managing Board is establishing a Siemens Technology & Innovation Council (STIC). Comprising internationally experienced and respected experts from the research and scientific communities, the Siemens Technology & Innovation Council will closely support the Managing Board in systematically analyzing and monitoring strategic topics in the areas of technology and innovation. The council will focus, in particular, on developments, innovations and technologies that will have an impact on Siemens' business over the next ten years. Peter Gruss has been appointed to head the expert panel. He will also steer its orientation and composition.
When fed into medium-voltage power grids, large loads of renewable or other decentralized energies – which are generated when winds are strong or the sun is very bright – can produce short circuits that endanger the power supply. Superconducting network technologies can ensure reliable grid operation even under these conditions. Siemens is installing a superconducting fault current limiter (SFCL) of the so-called resistive type at Stadtwerke Augsburg, the municipal utility in Augsburg, Germany, that is designed to solve precisely this problem. Development work and installation in the utility's medium-voltage power grid are to be completed by the end of 2015. The superconducting fault current limiter will then be field-tested. The project, abbreviated as "ASSIST" – which is sponsored by the Bavarian State Ministry for Economic Affairs and Media, Energy and Technology – is part of Bavaria's Innovative Energy Technologies and Energy Efficiency (BayINVENT) Program. The European Patent Office (EPO) has already granted Siemens several key patents for the technologies used in resistive superconducting fault current limiters.
- Sale to EQT with Wallenberg family as anchor investor and to Strüngmann family as co-investor for €2.15 billion plus earn-out component
- Siemens reinvests €200 million in preferred equity
- Transaction closing expected in first quarter of calendar 2015
Siemens is selling Siemens Audiology Solutions to the investment company EQT and Germany's Strüngmann family of entrepreneurs as co-investor for €2.15 billion plus an earn-out component. Due to the very attractive offer made by the two investors, Siemens has decided not to further pursue preparations for the public listing it announced in May. "In the past years Siemens Healthcare has invested significantly in its audiology business. Both EQT with the Wallenberg family as anchor investor and the Strüngmann family have outstanding reputations and extensive experience in the healthcare sector. Not only is the transaction excellent from a financial perspective; we're also convinced that both investors have a clear growth strategy for further developing the hearing aid business over the long term," said Hermann Requardt, CEO of Siemens Healthcare and member of the Managing Board of Siemens AG. Siemens will remain invested in the hearing aid business with preferred equity of €200 million and benefit from future business successes. In addition, Siemens will have a seat on the board of the buyer group. Under the terms of the agreement, the new owners will also be allowed to continue using the Siemens product brand for the hearing aid business over the medium term.
- Company receives its best CDP rating ever
- CDP praises transparency of Siemens' climate protection reporting
- Energy and resource efficiency go hand in hand with climate protection
Siemens' commitment to sustainability has again received public recognition. Following its ranking as the most sustainable company in its industry group in this year's Dow Jones Sustainability Index (DJSI), the company has now also obtained excellent results from the Carbon Disclosure Project (CDP). For the transparency of its reporting on the opportunities and risks of climate change, Siemens received 99 out of 100 possible points in the Carbon Disclosure Leadership Index. In addition, Siemens' efforts to achieve energy efficiency and reduce CO2 emissions enabled the company to reach band A, the highest performance band. As a result, the company is also included in the Carbon Performance Leadership Index. This is Siemens' best rating to date.
- Fourth-quarter revenue was level year-over-year, and orders rose 2%. The book-to-bill ratio was 1.01 for the quarter, and Siemens' order backlog was €100 billion. On an organic basis, excluding currency translation and portfolio effects, revenue rose 1% and orders were up 2%.
- Total Sectors profit climbed 28%, to €2.195 billion, led by substantial profit improvements in Industry and Infrastructure & Cities, and income from continuing operations climbed 36%.
- Net income for the fourth quarter rose 40% year-over-year, to €1.498 billion, and basic earnings per share (EPS) increased to €1.72.
- Free cash flow from continuing operations was €3.400 billion, significantly above income from continuing operations but below the high level in the fourth quarter a year earlier.
- For fiscal 2014, organic revenue and orders both rose 1% compared to the prior year, and the book-to-bill ratio was 1.09. Basic earnings per share (EPS) from net income increased 25% year-over-year. Siemens proposes a dividend of €3.30 per share.
"We delivered the results we originally promised for fiscal 2014 and made substantial progress in strengthening our portfolio. Vision 2020 gives us clear strategic direction going forward."
- Managing Board and Supervisory Board approve change as of January 1, 2015
- Current CEO Johannes Milde to continue serving in advisory capacity for some time to come
Siemens' Building Technologies Division will have a new CEO on January 1, 2015. Matthias Rebellius (49) is succeeding Johannes Milde (61), who is resigning as Division CEO at the end of this year. Milde will continue to support the company for some time to come.