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Siemens increases revenue from environmental portfolio to ¤19 billion in fiscal 2008

Customers' carbon dioxide emissions reduced by 148 million tons

(PresseBox) (Munich, ) In fiscal 2008, Siemens generated revenue of just under ¤19 billion - around a quarter of the company's total revenue - with products and solutions from its environmental portfolio. This year the range of offerings has been expanded primarily with components for wind farms. In fiscal 2007, products and solutions from the environmental portfolio accounted for ¤17 billion euros. Siemens expects to increase revenue from its environmental portfolio to some ¤25 billion by 2011 and bring about a significant reduction in greenhouse gas emissions. "We have the most comprehensive environmental portfolio worldwide. I am looking forward to intensifying the marketing of this area with the Siemens Sectors," said Barbara Kux, new Chief Sustainability Officer and member of the Siemens Managing Board.

Siemens initially consolidated its products and solutions for environmental and climate protection into its environmental portfolio for fiscal 2007 and had the independent auditors PricewaterhouseCoopers certify the portfolio and the methodology used in its calculation for fiscal 2007. In fiscal 2008, products and solutions from the company's portfolio reduced customers' CO2 emissions by another approximately 34 million tons. With the savings achieved by products and solutions installed in previous years, emissions were reduced by a total of roughly 148 million metric tons, the amount generated by per year by three megacities together - New York, London and Hong Kong. By the year 2011, these annual CO2 savings are projected to total approximately 275 million tons, an amount equal to the current emissions of six major cities - London, New York, Tokyo, Singapore, Hong Kong and Rome.

Wind energy has been showing especially strong growth. In fiscal 2008 alone, the Energy Sector erected around 560 new wind turbines with a total capacity of 1,200 megawatts, increasing the installed fleet capacity by nearly 20 percent to 7,200 megawatts. The fleet currently saves around ten million tons of CO2 emissions a year. For example, the Lillgrund wind farm in the Oresund between Malmo and Copenhagen officially began operations in June this year. It is Sweden's biggest offshore wind farm. For the first time, Siemens Energy provided the wind turbines as well as the infrastructure for the power grid connections. The 48 wind turbines, each with 2.3 megawatt capacity, produce a total of 110 megawatts - enough electricity to provide for 60,000 households. An offshore substation bundles the generated electricity and feeds it into Sweden's power grid.

Environmental portfolio background:

Siemens' environmental portfolio embraces nearly all relevant areas involving the generation, transmission, distribution and use of energy - whether it be for buildings, lighting or in industry - as well as other environmental technologies. Nearly all Divisions in the three Sectors Industry, Energy and Healthcare contribute to the portfolio. The company's highly efficient gas turbines, energy-efficient lighting, retrofitting of older power plants, wind turbines and ecofriendly trains make the biggest contributions toward reducing CO2 emissions.

To qualify for inclusion in the environmental portfolio calculations, a product must reduce greenhouse gas emissions or, as an environmental technology, help combat water and air pollution. All Siemens products in the area of renewable energy meet this criterion. The CO2 abatement potential of other Siemens products is calculated on the basis of specific reference values. So, for example, the potential savings generated by today's most advanced and efficient gas turbine power plants are calculated by comparing emission volumes per generated kilowatt hour with the worldwide average of all power plants. Solutions for modernizing older power plants are also included in the environmental portfolio since increasing plant efficiency substantially reduces CO2 emissions at a relatively low cost. The energy savings achieved by optimizing electricity consumption in buildings are calculated on the basis of a before-and-after comparison.

Siemens' environmental portfolio is being continually developed and refined. The portfolio's revenue and CO2 savings for fiscal 2008 will be reviewed by the independent auditor PricewaterhouseCoopers. This review is based on the criteria defined in the greenhouse gas initiative of the World Business Council for Sustainable Development and the World Resource Institute.

Siemens AG (Berlin and Munich) is a global powerhouse in electronics and electrical engineering, operating in the industry, energy and healthcare sectors. The company has around 430,000 employees (in continuing operations) working to develop and manufacture products, design and install complex systems and projects, and tailor a wide range of solutions for individual requirements. For over 160 years, Siemens has stood for technological excellence, innovation, quality, reliability and internationality. In fiscal 2008, Siemens had revenue of ¤77.3 billion and income from continuing operations of ¤5.9 billion (IFRS). Further information is available on the Internet at: www.siemens.com.

This document contains forward-looking statements and information - that is, statements related to future, not past, events. These statements may be identified by words such as "expects," "looks forward to," "anticipates," "intends," "plans," "believes," "seeks," "estimates," "will," "project" or words of similar meaning. Such statements are based on our current expectations and certain assumptions, and are, therefore, subject to certain risks and uncertainties. A variety of factors, many of which are beyond Siemens' control, affect our operations, performance, business strategy and results and could cause the actual results, performance or achievements of Siemens to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements. For us, particular uncertainties arise, among others, from changes in general economic and business conditions (including margin developments in major business areas); the behavior of financial markets, including fluctuations in interest and exchange rates, commodity and equity prices, debt prices (credit spreads) and financial assets generally; continued volatility and further deterioration of the capital markets; the commercial credit environment and, in particular, additional uncertainties arising out of the subprime, financial market and liquidity crises; future financial performance of major industries that we serve, including, without limitation, the Sectors Industry, Energy and Healthcare; the challenges of integrating major acquisitions and implementing joint ventures and other significant portfolio measures; introduction of competing products or technologies by other companies; lack of acceptance of new products or services by customers targeted by Siemens; changes in business strategy; the outcome of pending investigations and legal proceedings, especially the corruption investigations we are currently subject to in Germany, the United States and elsewhere; the potential impact of such investigations and proceedings on our ongoing business including our relationships with governments and other customers; the potential impact of such matters on our financial statements; as well as various other factors. More detailed information about certain of these factors is contained throughout this report and in our other filings with the SEC, which are available on the Siemens website, www.siemens.com, and on the SEC's website, www.sec.gov. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the relevant forward-looking statement as expected, anticipated, intended, planned, believed, sought, estimated or projected. Siemens does not intend or assume any obligation to update or revise these forward-looking statements in light of developments which differ from those anticipated.

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