
No forecast for 2020
Siemens is suspending its forecast for 2020. The reason is the current situation. Nevertheless, the company "delivered a robust quarter despite complicated environmental conditions".
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Siemens is suspending its forecast for 2020. The reason is the current situation. Nevertheless, the company "delivered a robust quarter despite complicated environmental conditions".

Joe Kaeser will not be renewing his contract as CEO of Siemens. Roland Busch will take over the position. However, Kaeser will remain with the company.

Within a week, Siemens and Aucma have developed an intelligent disinfection robot that will soon be taking up the fight against viruses in hospitals.

Siemens has announced that it will take over the string inverter business of Kaco new energy and integrate it into its new operating company 'Smart Infrastructure'. The project development and EPC business is not part of the takeover.

Zunum wants to present the first hybrid-electric aircraft for twelve passengers as early as 2022. Siemens also considers large electric aircraft to be realistic - preferably superconducting.

Siemens - Q4 and full year 2018
Siemens has closed the 2018 financial year: The company was able to increase its order intake and sales, but profits in the Industrial Business declined. This is attributable to the sluggish business in the Power and Gas Division.

In the third quarter of 2018, Siemens recorded double-digit growth in order intake, while sales stagnated. Particularly good business in the 'Digital Factory' division offset losses in the 'Power and Gas' division.

The Siemens Group is once again giving itself a new structure - with only three instead of the previous five divisions and a division into 'Operating Companies' and 'Strategic Companies'.

The 'Mindsphere World' association continues to grow: a regional user organization is to drive forward the expansion of the IoT ecosystem around Mindsphere in Italy, France, Spain and Portugal.

Siemens has announced its figures for the first quarter: the company is growing in terms of both order intake and sales - thanks to strong contributions from the Mobility and Digital Factory Divisions. In contrast, the result of the Industrial Business declined.