QUOTE AND NEWS
Reuters  Oct 22  Comment 
German engineering group Siemens may need until 2018 before it can start to catch up with major rivals in terms of sales growth, its chief executive told a German magazine.
MarketWatch  Oct 22  Comment 
Germany’s Siemens is in advanced talks to sell the business, which could be valued at up to $2.55 billion, with more than one bidder involved.
Wall Street Journal  Oct 21  Comment 
Germany’s Siemens AG is in advanced talks to sell its hearing-aid business, which could be valued at up to €2 billion, according to people familiar with the matter.
Benzinga  Oct 21  Comment 
Siemens AG (OTC: SIEGY) got cold feet for the expected initial public offering of its hearing-aid business and instead hopes to sell the unit for $2.6 billion to private equity investors, according to a report Tuesday. Chief Executive Officer...
newratings.com  Oct 21  Comment 
Siemens Aktiengesellschaft: Publication according to § 26 paragraph. 1 WpHG with the objective of Europe-wide distribution Siemens Aktiengesellschaft 21.10.2014 16:47 Dissemination of a Voting Rights Announcement, transmitted by DGAP - a...
Reuters  Oct 21  Comment 
(Adds Chiquita, Royal Dutch Shell, Siemens, Amgen, Honeywell and Abraaj Group)
newratings.com  Oct 16  Comment 
Siemens Aktiengesellschaft: Publication according to § 26 paragraph. 1 WpHG with the objective of Europe-wide distribution Siemens Aktiengesellschaft 21.10.2014 16:44 Dissemination of a Voting Rights Announcement, transmitted by DGAP - a...
Benzinga  Oct 16  Comment 
Siemens has signed two long-term wind service and maintenance agreements covering 132 SWT-2.3 turbines at two wind projects in Washington State, USA. Summit Power Group, LLC, based in Seattle, Washington (managing member of White Creek Wind I,...
Motley Fool  Oct 15  Comment 
Siemens is buying Dresser-Rand to extract as much as possible out of the growing oil and gas opportunities in North America, and to become a formidable competitor to GE.




RELATED WIKI ARTICLES
 

Siemens AG (NYSE: SI) is a German technology and engineering conglomerate with $112 billion in 2009 revenue.[1] Siemens operates in six segments: Industry, Energy, and Healthcare, Equity Investments, Siemens IT Solutions and Services and Siemens Financial Services.

Company Overview

Business and Financial Metrics

Second Quarter 2010 Results[2]

Siemens reported total profit for the quarter rose 16% year-over-year, to €2.138 billion, on higher profit in all segments. Income from continuing operations was €1.484 billion (basic EPS €1.69), up 55% from the second quarter a year earlier, and net income of €1.498 billion (basic EPS €1.70) was 48% higher. Revenue of €18.227 billion was down 4% compared to the prior-year period, on single-digit declines in Energy and Industry and stable revenue in Healthcare.

Second-quarter orders of €17.844 billion came in 14% below the prior-year period primarily because that quarter included an exceptionally high volume from large orders. Nevertheless, a majority of Siemens Divisions posted higher orders compared to the prior-year period.

Business Segments

Industry[3]

The company’s industry sector offers a range of products, services and solutions for the use of resources and energy and improvements of productivity in industry and infrastructure. Its integrated technologies and solutions address primarily industrial customers, such as process and manufacturing industries, and infrastructure customers, especially in the areas of transport, buildings and utilities. The portfolio spans industry automation and drives products and services, building, lighting and mobility solutions and services, and system integration and solutions for plant businesses. Its Industry Sector comprises six divisions: Industry Automation, Drive Technologies, Building Technologies, OSRAM, Industry Solutions and Mobility.

The spectrum of offerings at industry automation extends from standard products to system solutions for energy and automation technologies used in manufacturing and process industries. The drive technologies division offers its customers solutions for electronics manufacturing, as well as complete systems, including standard and large drives applications across the entire drive train. These solutions, comprised of numerical control systems, converters, motors and drives, are tailored to the respective applications. The building technologies division bundles Siemens’ offerings for building security, automation and operations both as service provider, as well as a manufacturer of products and systems. The spectrum of products ranges from heating and ventilation systems, to security and fire safety systems.

OSRAM’s product portfolio includes lamps and optoelectronic semiconductor light sources, such as light-emitting diodes (LEDs), control electronics and light management systems. Industry Solutions is the systems and solutions integrator for plant business, and covers everything from planning and construction, to operation and maintenance over a plant’s entire life-cycle. Complete Mobility combines the competencies in operating systems for rail and road traffic with solutions for airport logistics, postal automation and rail electrification, as well as rail vehicles for mass transit, regional and long-distance transportation.

Energy[3]

The Company’s energy Sector offers a range of products, services and solutions for the generation, transmission and distribution of power, and the extraction, conversion and transport of oil and gas. It primarily addresses the needs of energy providers, oil and gas industry. Its energy sector is made up of the six divisions, Fossil Power Generation, Renewable Energy, Oil and Gas, Energy Service, Power Transmission and Power Distribution. The United States was the largest single national market for energy during the fiscal year ended September 30, 2009 (fiscal 2009), accounting for 16% of external revenue for the sector.

The fossil power generation division offers products and solutions for power generation based on fossil fuels. They range from individual gas and steam turbines and generators, to turnkey power plants. The division also develops instrumentation and control systems for every type of power plant. The renewable energy division bundles Siemens’ activities in the wind energy business (for off- and onshore wind parks). The oil and gas division offers customers products and solutions that are used for the extraction, conversion and transport of oil and gas. The division portfolio also includes solutions for power generation and distribution, compressors with electrical and mechanical drives, process and automation technologies, water management and integrated information technology (IT) solutions.

Siemens energy service division provides services for complete power plants and for rotating machines, such as gas and steam turbines, generators and compressors. The services utilize the most advanced plant diagnostics and systems technologies. The portfolio also offers systems for filtering air. As part of its long-term maintenance contracts, the division also takes over the servicing and operation of power plants. The power transmission division offers products and solutions in the high-voltage field, such as high voltage direct current (HVDC) transmission systems, substations, switchgear and transformers. The specialties of the power distribution division range from solutions for the automation of power grids, to products like medium-voltage switchgear and components.

Good to see a tlanet at work. I can't match that.

Equity Investments[3]

Equity Investments comprises equity stakes held by Siemens that are accounted for by the equity method, at cost or as current available-for-sale financial assets, and which are not allocated to a Sector, a Cross-Sector Business, Siemens Real Estate (SRE), Pensions or Corporate Treasury for strategic reasons. Major components of Equity Investments include its 50% stakes in Nokia Siemens Networks B.V. (NSN) and BSH Bosch und Siemens Hausgeräte GmbH (BSH), its 49% stake in Enterprise Networks Holdings B.V. (EN), and its 49% stake in Krauss-Maffei Wegmann GmbH & Co. KG (KMW).

Siemens IT Solutions and Services[3]

Siemens IT Solutions and Services designs, builds and operates both discrete and large scale information and communications systems. It also offers comprehensive information technology and communications solutions from a single source both to third parties and to other Siemens entities.

Siemens Financial Services[3]

Siemens Financial Services is an international provider of financial solutions in the business-to-business area. SFS supports Siemens, as well as third parties in the three industry areas of industry, energy, and healthcare. SFS finances infrastructure, equipment and working capital and supports and advises Siemens concerning financial risk and investment management.

Trends and Forces

Demographic change and healthcare[4]

With the world’s population burgeoning and life expectancies increasing, demographers are predicting that the earth will be home to eight billion people by 2025. One of the greatest challenges today is to create infrastructures capable of supporting billions of people while conserving the world’s diminishing supplies of natural resources and satisfying humanity’s increasing need for mobility – all without damaging the environment or exacerbating the greenhouse effect. As societies age, the demand for medical services is mounting even as healthcare costs worldwide are soaring. Siemens will benefit from the increasing demand for infrastructure, healthcare, and energy stemming from the growing population.

Urbanization and sustainable development[4]

With their economic importance on the rise, cities have become the growth engines of the future. However, this development is creating serious challenges for urban centers as municipal infrastructures are being pushed closer and closer to their limits. In addition, cities consume vast amounts of natural resources: they account for 75 percent of the world’s total energy consumption and generate 80 percent of its greenhouse gases. Sustainable, energy-efficient infrastructures for buildings, transportation, power supply and water supply are urgently needed to preserve the quality of urban life, ensure competitiveness, conserve natural resources and protect the environment. Siemens benefits from the increased demand for urban infrastructure.

Climate change and energy supply[4]

Energy consumption is increasing worldwide, natural resources are dwindling, and climate change is threatening the environment. At the same time, economic growth is still largely based on fossil fuels. If CO2 emissions were to double by 2035, average temperatures on Earth would rise by 1.5 to 4.5 degrees Celsius – with dramatic consequences for civilization and the entire biosphere. The most effective way to combat the negative effects of climate change is through innovation across the entire power conversion chain. Greenhouse gas emissions can be substantially reduced by implementing existing technologies that boost energy efficiency and facilitate sustainable resource utilization. The resulting energy savings illustrate how intelligent climate solutions are opening up opportunities to combine environmental benefits with economic advantages. Siemens is involved in developing efficient energy solutions and benefits from the growing need for efficient energy production. As Siemens continues to supply Nuclear Technology to Terror States like Iran, expect more legal troubles coming in 2011. Germany as a Non-Permanent Member of the UN Security Council has been repeatedly warned about German companies trading with Iran. Under UN Mandate, Siemens could be seized and held in limbo pending investigation. During the last big investigation 2007 with bribery running wild, it cost Siemens a billion dollars. They can't afford to get hit like that again. People have been shorting the stock for around 2 weeks now waiting for the obvious, since proof of their existance in Libya has also surfaced.

Globalization and competitiveness[4]

The world is getting smaller. Free and unfettered competition, open markets and networked communications are driving growth and enhancing prosperity. As companies gain access to larger and larger markets, they are increasingly exposed to the pressures of international competition. Global processes – from supply chain management and R&D to production, marketing and sales – are placing growing demands on enterprises, particularly with regard to cost, efficiency and innovation. To survive in global competition, companies must produce high-quality, affordable, customized products quickly and cost-effectively while complying with environmental standards and sustainability requirements. Only organizations that continuously improve their productivity, energy efficiency and flexibility can compete successfully in today’s world.

Competition

As a diversified conglomerate, Siemens has many competitors in various fields.

  • 3Com Corporation
  • ABB
  • Alcatel-Lucent
  • Alstom
  • Apriso
  • Avaya
  • Avic
  • Automated Logic Corporation
  • Bombardier
  • Chemtrols Industries Limited
  • Cisco Systems
  • Computrols
  • Eaton
  • Emerson Electric
  • Ericsson
  • General Electric
  • Haier
  • Honeywell
  • Havells
  • Hitachi
  • Ingersoll Rand
  • Invensys plc
  • Johnson Controls
  • Lantronix
  • Larsen & Toubro Limited
  • MAN AG
  • Millipore Corporation
  • Mitsubishi Heavy Industries
  • Nokia
  • Nortel
  • Omron Electronics
  • Philips
  • Reliable Controls
  • Rockwell Automation
  • Samsung
  • Sartorius AG
  • Schneider Electric (Square D)
  • SEW Eurodrive
  • TMEIC GE
  • Toshiba
  • WEG Industries
  • Vestas Wind Systems

References

  1. Wikinvest Datat Central: Siemens
  2. Siemens: "Excellent Performance in Stabilizing Markets"
  3. 3.0 3.1 3.2 3.3 3.4 Reuters: Siemens Company Profile
  4. 4.0 4.1 4.2 4.3 Siemens Annual Report 2009
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