Frequently Asked Questions (FAQ)
To give you a quick and easy overview of Siemens' most important facts and figures, you will find answers to frequently asked questions here – clearly organized according to topic. If your question is not included, click on the appropriate heading under "Investor Relations". Or feel free to contact us directly
Siemens AG was founded in its current form in 1966. Werner von Siemens (1816 - 1892) and Johann Georg Halske laid the foundation on October 1, 1847, when they established the "Telegraphen-Bauanstalt von Siemens & Halske" (Telegraph Construction Company of Siemens & Halske).
Siemens does business in around 190 countries throughout the world. Click here for a list of our worldwide locations: Siemens Worldwide
Siemens' operations are organized into four Sectors and a total of 19 divisions. Click here for a detailed organizational chart.
The internationally active Siemens Group includes a number of prestigious companies in a wide range of economic sectors. You can download a list of the companies in which Siemens had holdings at the end of the last fiscal year as a PDF file:
The following following values provide the foundation for Siemens:
For detailed information about the Siemens values and vision, please click here.
Siemens offers a wide range of products, services and solutions. For a list of which ones, click here: Products, Solutions and Service
As of September 30, 2013, 362,000 people were working for Siemens AG throughout the world (continuing operations).
Siemens invested €4.3 billion in research and development in fiscal 2013.
Since October 1, 2006, Siemens' consolidated financial statements have been prepared in accordance with IFRS (International Financial Reporting Standards) as adopted by the EU and the additional requirements of German commercial law pursuant to § 315a Para. 1 HGB.
Siemens' fiscal year begins on October 1 and ends on September 30. Use the following link to place orders for the latest Annual Report that is approx. available at the beginning of January.
You can purchase Siemens shares through a broker or a depository bank.
More information is available here.
In addition to the German stock exchanges, Siemens is listed on the London and Swiss stock exchanges.
The rearrangement to registered shares was carried out on August 16, 1999.
Siemens shares are shares without par value.
The shares of Siemens AG are included in most share indicators; for example:
The last tranche of the Stock Option Plan 2001 expired in November 2010. Since then, Siemens AG has had no active stock option plan in place and it has had no outstanding options.
The Company grants stock awards as a means for providing share-based compensation to members of the Managing Board, members of the senior management of Siemens AG and its domestic and foreign subsidiaries and other eligible employees. Stock awards are subject to a restriction period of about four years and entitle the beneficiary to Siemens shares without payment of consideration following the restriction period. Stock awards granted in fiscal 2008 to 2011 were generally subject to a restriction period of three years. In principle, stock awards forfeit if the beneficiary’s employment with the Company terminates prior to the expiration of the restriction period. During the restriction period, beneficiaries are not entitled to dividends. Stock awards may not be transferred, sold, pledged or otherwise encumbered. Settlement of stock awards may occur in newly issued shares of capital stock of Siemens AG, treasury shares or in cash. The settlement method will be determined by the Managing Board and the Supervisory Board.
Each fiscal year, the Company decides whether or not to grant stock awards. The Supervisory Board decides about the number of stock awards to the Managing Board and the Managing Board decides about the number of stock awards to members of the senior management and other eligible employees.
Since fiscal 2012, the allocation of stock awards as a share-based payment has been increasingly tied to corporate performance criteria. The target attainment for the performance criteria ranges between 0% and 200%.
Please refer to the Annual Report 2013, Note 33 to the Consolidated Financial Statements, for further information on share-based payment awards at Siemens, including stock awards.
As of September 30, 2013, the common stock of Siemens AG comprised 881,000,000 shares without par value, thereof 37,997,595 treasury shares. Each share (except for the treasury shares) is entitled to one vote.
Siemens may not acquire treasury shares unless so authorized by a resolution adopted by the Siemens shareholders at a general meeting or in other very limited circumstances set forth in the German Stock Corporation Act. Any shareholders resolution that authorizes the repurchase of own shares may be in effect for a period of no longer than five years. The German Stock Corporation Act generally limits share repurchases to 10% of our share capital.
The Company is authorized by its shareholders to acquire treasury stock of up to 10% of its capital stock existing at the date of the shareholders resolution, which represented up to 91,420,342 Siemens shares at the date of the resolution, or – if this value is lower – as of the date on which the authorization is exercised. The common stock of Siemens AG currently comprises 881,000,000 shares limiting the number of treasury shares authorized to be repurchased to 88,100,000 Siemens shares. The authorization became effective on March 1, 2011 and remains in force through January 24, 2016.
In August 2012, Siemens announced a share buy back amounting to up to €3 billion by December 30, 2012. This program was concluded in November 2012 with a repurchase volume of about €2.9 billion. Siemens subsequently repurchased further shares in order to keep the number of Siemens’ shares outstanding constant until the spinoff of OSRAM Licht AG. The Company acquired a total of about 40.4 million shares at an average price of €77.21, for a total value corresponding to roughly €3.1 billion. Of this amount, some €1.3 billion was attributable to fiscal 2013.
In November 2013, we announced a new share buyback program. We intend to repurchase shares of up to €4 billion in volume within the next up to 24 months.
Siemens conducted two share splits in the recent past: in 1996 and 2001.
In 1996 one Siemens share was exchanged for ten new Siemens shares.
During the second share split in 2001 two Siemens shares were exchanged for three new Siemens shares. The share split was decided on the Annual Shareholders’ Meeting on February 22, 2001 and on April 30, 2001, each shareholder received an extra share for every two shares he or she already held.
Please inform your depository bank of your change of address. The depository bank will then arrange for the update in the stock register.
The security ID number is: 723 610.
On January 28, 2014, the Annual Shareholders' Meeting declared a dividend of 3.00 Euro on each share of no par value entitled to receive a dividend. The dividend was paid from January 29, 2014 onward by the depository banks via Clearstream Banking AG.
Dividend distributions made by Siemens are subject to a current withholding tax of 25%. Moreover, a solidarity surcharge of 5.5% on the withholding tax is levied, resulting in a total withholding tax rate from dividends of 26.375%. For many Non-German Holders, the withholding tax rate is currently reduced under applicable income tax treaties.
The Annual Shareholders' Meeting in 1999 decided that no more stock certificates will be issued after the conversion to registered shares on August 16, 1999. Our capital stock is currently certified by several collective certificates.
Certificates can be handed in to the security deposit of a credit institution of choice in Germany. The costs of depositing these certificates and their conversion into registered shares will be reimbursed by Siemens AG according to the arrangements with respective depository banks.