- Medical equipment from Siemens Healthineers on the way
- Siemens Energy to deliver and run two A45-GT gas turbines in Beirut
- Free use for one year to support population worth about US$40 million
- Siemens CEO Joe Kaeser with German Foreign Minister Heiko Maas in Beirut
Siemens is helping the people of Lebanon rebuild in the wake of the tragic catastrophe of August 4. The company is quickly providing the stricken population with ultrasound systems and a mobile X-ray unit. In addition, Siemens Energy is offering to deliver and operate two gas turbines with a total electrical capacity of about 80 megawatts (MW) free of charge.
- Low-loss transmission of wind
energy for 1.1 million households
- Further contribution toward
decarbonizing energy supplies
Siemens Energy is supplying the
high-voltage direct-current (HVDC) power transmission technology for a further
offshore connection in the German North Sea. A corresponding contract was just
signed by the German-Dutch network operator TenneT and the BorWin5 Offshore
Consortium, consisting of Siemens Energy and Dragados Offshore. In 2025, the
platform BorWin epsilon, which is part of the BorWin5 project, will begin the
low-loss transmission of electricity produced by the EnBW He Dreiht wind farm
off the island of Borkum to the Garrel/Ost converter station around 230
kilometers distant. The transmission capacity of 900 megawatts is calculated to
serve over 1.1 million households with electricity. The project is a further
contribution toward decarbonizing Germany’s energy supply. BorWin5 marks the
seventh HVDC offshore grid connection project undertaken by Siemens Energy in
Germany with TenneT.
With the commissioning of BorWin3, Siemens has handed over the fifth North Sea grid connection to its customer TenneT. After completion of successful test runs, the German/Dutch grid operator accepted the project. Siemens was responsible for the grid connection system including an onshore converter station. The grid connections HelWin1 and HelWin2, BorWin2, SylWin1, and BorWin3 – for which Siemens supplied all the technology for direct current transmission – are thus now in commercial operation and are transmitting power. Siemens was awarded the contract for BorWin3 in the spring of 2014. Being the fifth North Sea grid connection, it provides power to over a million German households. Siemens won the orders for the grid connections DolWin6 and BorWin5 in July 2017 and August 2020, respectively. They are scheduled to go into operation in 2023 and 2025. A total of about seven million households will be supplied with electricity generated from wind power via these seven links.
Siemens Digitalization Consulting has already supported numerous decision-makers in pharmaceutical companies on their path to digitalization. The basis for a successful concept is a digitalization schedule, or roadmap, which is developed together with the customer. It is tailored to the available business model as well as to existing infrastructure for information technology (IT), the Internet of Things (IoT) and Operational Technology (OT). The ways in which companies benefit directly from the comprehensive Siemens consulting approach is explained by consulting customer and pharmaceutical service provider ChemCon.
We released our third quarter results for fiscal year 2020 on August 6, 2020. The Conference Call for journalists and the Analyst Call were broadcast live.
- Adjusted EBITA in Industrial Businesses climbs 8 percent to €1.8 billion
- Adjusted EBITA margin rises to 14.3 percent
- Strong free cash flow of more than €2.1 billion in Industrial Businesses providing liquidity and security
- Orders down 7 percent to €14.4 billion and revenue down 5 percent to €13.5 billion year-over-year
- Global uncertainties continuing in Q4
Despite major uncertainties due to the global COVID-19 pandemic, Siemens AG maintained its course very successfully in Q3 of fiscal 2020, both strategically and operationally. In a challenging macroeconomic environment, the company’s Industrial Businesses generated a strong EBITA margin of 14.3 percent. Adding 1.7 percentage points to this margin was a positive effect of €211 million at Digital Industries. Siemens successfully avoided major supply chain bottlenecks in connection with the COVID-19 crisis despite taking precautionary measures, which were in some cases substantial, to prioritize workforce health and safety. With free cash flow of more than €2.1 billion in its Industrial Businesses (€2.5 billion at Group level), Siemens has sufficient liquidity to master the COVID-19 crisis effectively – or to emerge from it even stronger than before.
- Klaus Helmrich to retire at end of March 2021 after 35 years at Siemens
- Cedrik Neike to succeed Helmrich as Managing Board member responsible for Digital Industries, effective October 1, 2020
- Matthias Rebellius to succeed Neike as Managing Board member responsible for Smart Infrastructure, effective the same date
- Effective October 1, 2020, Roland Busch to assume responsibility for fiscal 2021 as previously announced; Joe Kaeser to actively support transition and hand over CEO role to Busch upon completion of Annual Shareholders’ Meeting in 2021
- Succession process now concluded for Siemens AG’s leadership team with new Managing Board set up under leadership of Roland Busch, effective October 1, 2020, to lead next phase of Siemens’ transformation
Klaus Helmrich (62), the Managing Board member responsible for Digital Industries (DI), will retire upon expiration of his contract at the end of March 2021 after 35 years at the company. Cedrik Neike (47), the Managing Board member currently responsible for Smart Infrastructure (SI), will succeed him as of October 1, 2020. Matthias Rebellius (55) – currently SI’s Chief Operating Officer (COO) – has been appointed to the Managing Board and will assume responsibility for this unit.
Siemens is expanding its portfolio for industrial communication networks. With the IE/PB Link HA gateway, which is optimized for use in the process industry, highly redundant infrastructures can be implemented based on the open Profinet Industrial Ethernet standard. This ensures uninterrupted system operation, not least because changes can be made to the configuration during ongoing operation. In addition, the gateway is suitable for use in harsh ambient conditions and temperatures from -40 to +70 degrees Celsius.
- Transformational milestone in
execution of Siemens’ Vision 2020+ strategy
- Siemens Healthineers intends to
acquire 100 percent stake in U.S. healthcare company at a purchase price of around
- Acquisition to create global leader
in cancer research and therapeutics and support Siemens Healthineers’ equity
- Mixed financing through a capital
increase at Siemens Healthineers AG and intra-Group loans to Siemens
- Siemens AG’s stake in Siemens Healthineers
AG to decline to about 72 percent from 85 percent
- Siemens AG to remain long-term
majority shareholder in Siemens Healthineers
AG aims to maintain its current A+ / A1 rating
Siemens AG is
continuing to rigorously execute its Vision 2020+ strategy and therefore
expressly welcomes Siemens Healthineers AG’s acquisition of a 100 percent stake in Varian
Medical Systems, Inc. (NYSE: VAR), a U.S. company active in the area of cancer research and therapy. Payment
of the purchase price of around $16.4 billion is to be enabled by mixed
financing from the issuance of new Siemens Healthineers shares and the issuance
of bonds. The proceeds from the bonds are to be transferred within the Group to
Siemens Healthineers under customary market conditions.