With six lines and a total route length of 176 kilometers, Riyadh is constructing one of the world’s largest metro projects. Riyadh currently has a population of 6.5 million people which is set to increase to 8.3 million by 2030 due to its rapid urban growth. As part of a consortium with the US company Bechtel and the local construction firms Almabani and Consolidated Contractors Company, Siemens Mobility is responsible for building lines 1 (Blue Line) and 2 (Red Line). Siemens Mobility, as Engineering and Maintenance partner, is supplying the rolling stock for driverless operation. Moreover, the scope includes project management, signaling, power supply, communication systems, depot and workshop equip¬ment, platform screen doors, testing and commissioning and system integration in a turnkey approach.
- Latest funding round backed with US$30 million
- Siemens Integrity Initiative promotes projects seeking to prevent and combat corruption and fraud
The Siemens Integrity Initiative promotes projects around the world that seek to combat corruption and fraud, supporting educational and training programs as well as Collective Action, which is building alliances against corruption in a joint effort between business and institutions to establish clean markets and ensure fair competition. The selection process favors projects that have a direct impact on the private sector and strengthen compliance standards and legal systems.
- 1,700 young people begin apprenticeship or work-study programs
- A further 600 apprentices from external partners
- International training program in Berlin again with 31 new participants
- Europeans@Siemens renamed International Tech Apprenticeship@Siemens (ITA@S)
Around 2,300 young people have begun vocational training this year at Siemens in Germany alone. About 1,700 are being trained for professional careers at the company, while a further 600 are from external partners. As in previous years, around 80 percent will focus on technical fields and IT. Siemens offers apprenticeships in electronics, mechatronics, machining and specialized informatics, for example. Roughly 40 percent of the training positions are in work-study programs, whose participants can earn a bachelor's degree (bachelor of engineering or science) or complete a fully integrated work-study program at Baden-Wuerttemberg Cooperative State University in addition to the usual German Chamber of Industry and Commerce degree.
- Saudi Aramco's "In-Kingdom Total Value Add" (IKTVA) program aims to localize the energy value chain with respect to manufacturing and service, train and employ young Saudi nationals, and foster future prosperity in the Kingdom.
- In partnership with Saudi Aramco, Siemens celebrated another milestone for the IKTVA program by producing the first gas turbine at the Siemens Dammam Energy Hub.
- In line with the Kingdom's Vision 2030, the local production of energy-related goods such as turbines has leveraged opportunities for Siemens to train and employ young Saudi nationals, and contribute towards creating a knowledge-based economy.
In line with Saudi Vision 2030 and Saudi Aramco's in-Kingdom Total Value Add (IKTVA) program, Siemens delivered its first gas turbine built in Saudi Arabia. The gas turbine, which will be installed at Saudi Aramco's new power plant as part of the Jazan refinery project, was produced at the Siemens Dammam Energy Hub, Saudi Arabia's first gas turbine manufacturing facility and the largest in the Middle East.
By the year 2050, an estimated 70 percent of the world's population will be living in cities. As a result, there will be an increasingly urgent need to provide efficient mobility solutions for the residents. People expect to have solutions available that make their daily mobility needs simpler, more flexible, faster, more reliable and affordable. Cities, on the other hand, face the challenge of reducing the costs, space requirements, noise and CO2 emissions of transportation. Addressing these needs, Siemens will be exhibiting at Innotrans 2016 – under the motto "Rethinking mobility" – digital innovations that will make the mobility industry more competitive and create more attractive mobility solutions.
- 67 Inspiro type metro vehicles
- 2 and 4-car trains designed for the region's extreme climate
- Certification runs will start in 2016 in Germany
For the first time, Siemens has presented its new Inspiro type metro vehicle for the world's biggest mass transit project. With six lines and a total route length of 175 kilometers, Riyadh is building the world's largest metro project. The Siemens order includes the metro trains, electrification system, and signaling and communication equipment for driverless operation on Lines 1 and 2. Siemens was awarded the order in 2013 by the High Commission for Urban Development (ArRiyadh Development Authority), with its share worth a total of some 1.5 billion euros.
- Thomas Schaffer named CFO of Process Industries and Drives Division
- Michael Sen to leave the company
Thomas Rathmann (50) has been appointed Chief Financial Officer in the Executive Management of Siemens Healthcare GmbH for the launch of the new company, in which Siemens' separately managed healthcare business will be located as of May 1, 2015. He will succeed Michael Sen (46) as CFO of Siemens' healthcare activities. Mr. Sen is leaving Siemens at his own request.
- First-quarter revenue up 5% to €17.415 billion; on a comparable basis, excluding currency translation and portfolio effects, revenue up 3%
- Orders of €18.013 billion for a book-to-bill ratio of 1.03; 11% decline compared to Q1 FY 2014, which included a €1.6 billion order in Saudi Arabia
- Industrial Business profit of €1.819 billion 4% lower due mainly to Power and Gas as expected; Industrial Business profit margin within the expected range
- Income from continuing operations of €1.106 billion burdened outside the Industrial Business; furthermore negative swing within discontinued operations affects Net income which was €1.095 billion, with basic earnings per share (EPS) of €1.30
- Strong contribution to Free cash flow from Industrial Business
- During the first quarter, Siemens classified the hearing aid business as discontinued operations; prior-period results are presented on a comparable basis
- Portfolio milestones include closing the acquisition of the Rolls-Royce Energy aero-derivative gas turbine and compressor business in the first quarter; followed, in January 2015, by closing the divestment of the hearing aid business (expected pretax gain: approximately €1.6 billion), closing the divestment of Siemens' stake in BSH Bosch und Siemens Hausgeräte GmbH (BSH) (expected pretax gain: approximately €1.4 billion), and completing the contribution of the metals technologies business into a joint venture; furthermore, we expect a profit impact due to a funding commitment of €0.3 billion related to Unify Holdings B.V. in the second quarter
"The performance of most of our businesses was within our expectations. While some Divisions provided excellent performance, Healthcare needs to step up its efforts to quickly resume to its outstanding performance and Power and Gas will need a more comprehensive concept to return to historical margins longer turn."
- New orders up 12 percent – Revenue development nearly stable
- Book-to-bill ratio 1.20 – Order backlog at record level of €102 billion
- Double-digit growth in net income and earnings per share
Siemens delivered a sound quarter to start its fiscal year 2014. Supported by several major orders, new orders rose 12 percent year-over-year, while revenue development was nearly stable. "We delivered a sound quarter to start our fiscal year. As expected, market conditions were not in our favor. We continue to focus on our productivity program for the year, and on the actions we will take beyond 2014," said Siemens President and CEO Joe Kaeser.
Siemens has entered into an agreement to acquire Invensys Rail, the rail automation business of Invensys for approximately €2.2 billion (£1.742 billion). At the same time, the company plans to divest its baggage handling, postal and parcel sorting activities. Both planned transactions are part of the recently launched "Siemens 2014" company program, which amongst others, is aimed at strengthening the company's core activities. With revenues of approximately £800 million, Invensys Rail is a leading software based rail signaling and control company. The acquisition will expand Siemens' presence in the growing global rail automation market. "Today's moves are important measures to focus our core activities. We are exiting a non-core business with limited synergy potential while strengthening a resilient and high return business by combining two organizations with similar cultures and attractive synergy potential. The combined business will ensure profitable growth opportunities worldwide for the Siemens Infrastructure & Cities Sector," said Roland Busch, CEO of Siemens Infrastructure & Cities. The transaction is subject to Invensys shareholder approval and regulatory clearances.