Siemens 2013 Annual Report Download - page 94

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Berlin and Munich, November 27, 2013
For the first time, I’m addressing you as the President and CEO of your Company.
I’ve been at this wonderful organization for 33 years now. Leading Siemens today
is not only an enormous task; it is also a mission that I embrace with respect and
dedication. The fact that millions of people benefit every day from infrastructures
supported by Siemens technologies is an inspiration and an obligation as well as a
source of pride. What Siemens can do, and what Siemens does, is relevant to people
all around the world, whether our customers, users, employees or shareholders.
Siemens stands for the electrification of the world. Digitization and automation
are transforming this value chain – and offering us major opportunities.
I’m well aware of the importance of this task and of the tremendous responsibility
I now also have for our more than 360,000 employees. Let me assure you of one
thing: Siemens will continue to be guided by the values for which we’ve always
stood − innovation, quality, reliability and engineering excellence. This will remain
so in the future, and sustainability and responsibility will continue to inform our
actions. These values have made us strong throughout our 166-year history, and our
commitment to them will endure beyond the present and into the future.
Many things at Siemens are going well – some, even very well. Many of our busi-
nesses are very well positioned and poised for long-term success, as examples
presented in this Annual Report show. This year, for the first time, the Report also
includes our Sustainability Report, in which we clearly formulate our commit-
ment to the aims of the United Nations Global Compact. The Annual Report provides
a detailed account of a quite turbulent and eventful fiscal year in which there was
much light but also some shadow.
At €75.9 billion, revenue was 1% below the prior-year level. New orders climbed to
€82.4 billion, a substantial 10% gain. Our order backlog now totals €100 billion.
Finally, income from continuing operations amounted to €4.2 billion, including
transformation costs of €1.3 billion related to our Siemens 2014 productivity pro-
gram
and an extraordinary gain in connection with the divestment of our shares
in Nokia Siemens Networks (NSN).
A. Letter to our Shareholders