- 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."
- 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.
- Purchase price of 50 percent stake to total €3 billion in addition to a distribution of €250 million
- BSH to become wholly owned subsidiary of Bosch Group
- BSH may continue to use Siemens brand over the long term
- Completion of transaction expected in first half of calendar year 2015
Bosch and Siemens agreed yesterday that Robert Bosch GmbH would acquire Siemens' 50 percent stake in the joint venture BSH Bosch und Siemens Hausgeräte GmbH (BSH). The transaction has been approved by the Board of Management and Supervisory Board of Bosch and the Managing Board and Supervisory Board of Siemens. The purchase price will total €3 billion. In addition, Siemens and Bosch will each receive from BSH an additional distribution of €250 million before the transaction is completed.
- Takeover bid for Dresser-Rand has a total transaction value of $7.6 billion
- Acquisition strengthens Siemens’ portfolio for oil & gas industry
- Complementary regional footprint and product portfolio
Siemens executes on its Vision 2020 with a decisive move to strengthen its core. The company has entered into an agreement with Dresser-Rand (NYSE:DRC), which is listed on the New York Stock Exchange, to acquire all of the issued and outstanding common shares of Dresser-Rand by way of a friendly takeover bid. Siemens' bid is unanimously supported by Dresser-Rand's Board of Directors. The offer price is $83 per common share in cash, or a total transaction value of approximately $7.6 billion (approximately €5.8 billion). With its comprehensive portfolio of compressors, steam turbines, gas turbines and engines, Dresser-Rand is a leading supplier for the oil & gas, process, power and other industries in the related energy infrastructure markets worldwide. The acquisition complements Siemens' existing offerings, notably for the global oil & gas industry and for distributed power generation.
The Supervisory Board of Siemens approved the decision of the Managing Board to enter into an agreement with Dresser-Rand (NYSE:DRC), which is listed on the New York Stock Exchange, to acquire all of the issued and outstanding common shares of Dresser-Rand by way of a friendly takeover bid. Siemens’ bid is unanimously supported by Dresser-Rand’s Board of Directors. The offer price is $83 per common share in cash, or a total transaction value of approximately $7.6 billion (approximately €5.8 billion). Siemens expects to close the transaction by summer 2015.
A combined analyst and press conference call with Joe Kaeser, President and CEO, Lisa Davis, Member of the Managing Board, and Ralf P. Thomas, CFO was broadcast live on September 22, 2014.
- Largest Light Rail Vehicle contract ever awarded in the USA to Siemens
- Order worth USD 648 million
- Option for an additional 85 cars
San Francisco's Municipal Transportation Agency (SFMTA) has awarded Siemens a contract to deliver an initial 175 light rail cars for its Muni transit system at a value of USD 648 million. With an option for an additional 85 cars, this is one of the biggest orders for light rail cars ever placed in the USA. With this contract, Siemens secures its position as the U.S. market leader in this segment. Every third streetcar or light rail car operating in the USA today comes from Siemens. The trains will be built at the Siemens plant in Sacramento, California, and the first cars are set to be delivered at the end of 2016.
- Shell completed ahead of schedule
- Building symbolizes cosmopolitan, innovative and transparent identity
- Removal of soundproofing walls following façade assembly
A milestone has been reached on the way to the completion of Siemens' new company headquarters at Wittelsbacherplatz in Munich, Germany. The company celebrated the building's topping-out with Munich Mayor Dieter Reiter, the head of Munich's Department of Urban Planning Prof. Dr. Elisabeth Merk, construction workers at the site, neighbors and employees. The shell of the new complex, with some 45,000 square meters of above-ground floor space, was completed earlier than expected.
- Company achieves top ranking in the Dow Jones Sustainability Index
- No. 1 and thus the most sustainable industrial company across seven sectors
Siemens has been named the most sustainable company in its industry group. The Swiss investment company RobecoSAM compiles the internationally renowned Dow Jones Sustainability Index (DJSI) each year for Dow Jones, a provider of financial market indices. In this year's DJSI, Siemens ranked first in the Capital Goods Industry Group, which includes about 350 companies from seven sectors. Siemens was able to reaffirm its rating from the previous year and achieved a very high total score of 93 out of a maximum of 100 points (after earning 93 points last year). This means that Siemens has been represented every year since the DJSI was first published 15 years ago.