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73 Press releases
Munich, May 07, 2014
Siemens and Mitsubishi Heavy Industries (MHI) want to cooperate in the field of metallurgical industry and are forming a globally operating complete provider for plants, products and services for the iron, steel and aluminum industry. Responding to the challenging market environment and high price pressure, two strong partners are bundling their individual strengths and establishing a powerful and globally well positioned joint venture.
"The second quarter showed that we still have a lot to do to improve our operating performance. Nevertheless we are on course to reach our targets for the fiscal year."
Siemens looks back on a mixed performance in the second quarter of fiscal 2014. Profit in the second quarter was considerably higher than in the comparable prior-year period. A strong euro took four percentage points from order development and revenue growth. On a comparable basis, excluding currency translation and portfolio effects, revenue rose one percent year-over-year, and orders declined ten percent. The ratio of new orders to revenue (book-to-bill) was 1.06, and Siemens' order backlog reached a new high at €103 billion. With the publication of the quarterly figures, Siemens confirmed its outlook for fiscal 2014.
In the future, Siemens AG will position itself along the electrification, automation and digitalization. Along these value chains Siemens has identified several growth fields in which it sees its greatest long-term potential. The company is orienting its resource allocation toward these growth fields and has announced concrete measures in this direction.
Munich, May 06, 2014
Siemens is acquiring the Rolls-Royce Energy aero-derivative gas turbine and compressor business and thereby strengthening its position in the growing oil and gas industry as well as in the field of decentralized power generation.
As part of its realignment, Siemens AG has named its future management team. The Supervisory Board of Siemens AG has appointed Lisa Davis – who is currently Executive Vice President Strategy, Portfolio and Alternative Energies at Royal Dutch Shell – to the Managing Board, effective August 1, 2014. Lisa Davis will be responsible on the Managing Board for the Power and Gas Division, the Wind Power and Renewables Division, the Power Generation Services Division, the Region North America and the Region South America.
As part of its realignment, Siemens AG is preparing to publicly list its audiology activities in order to give the business an opportunity to better leverage its potential outside the company. Step by step, Siemens' hearing aid activities have succeeded in capturing a strong market position in recent years.
Munich, Apr 29, 2014
The Managing Board and the Supervisory Board of Siemens decided on Tuesday to make an offer to Alstom. The prerequisite for this offer is, that Alstom agrees to give Siemens access to the company's data room and permission to interview the Management during a period of four weeks, to enable Siemens to carry out a suitable due diligence. A letter in this regard was submitted this afternoon to the French company. No further comments will be made at this time.
Munich, Apr 28, 2014
A Siemens delegation will have the opportunity to meet with the French president and other high-ranking French political leaders today. Following this meeting, Siemens will convene as soon as possible to decide whether to make an offer for Alstom and what this will consist of.
Munich, Apr 27, 2014
Siemens has submitted a letter to the Board of Alstom to signal its willingness to discuss future strategic opportunities. No further comments will be made at this time.