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Front cover: United Kingdom Annual Review 2002 Intelligent technology from Siemens adjusts the lighting throughout the Citigroup Siemens products and tower and underground station at Canary Wharf, ensuring services touch all of our a comfortable level of lives in some way, illumination for thousands of people every day. every day of the year. Glasgow Belfast Newcastle Durham Blackpool Leeds York Barnsley Manchester Liverpool Sheffield Congleton Telford Nottingham Hinckley Birmingham Solihull Wellingborough Coventry Wolverton Milton Keynes Worcester Ipswich Hitchin Banbury Eynsham Highlights HemelOur Hemstead people Maidenhead Swindon are Harrow based Slough Bracknell London Reading Wokingham Hayes Staines Walton-on-Thames Crawley Romsey Poole Glasgow Belfast Newcastle Durham Blackpool Leeds York Barnsley Manchester Liverpool Sheffield Congleton Telfordacross Nottingham Hinckley the Birmingham UK Solihull Wellingborough Coventry Wolverton Milton Keynes Worcester Ipswich Hitchin Banbury Eynsham Hemel Hemstead Maidenhead Swindon Harrow Slough Bracknell London Reading Wokingham Hayes Staines Walton-on-Thames Crawley Romsey Poole Glasgow Belfast Newcastle Durham Blackpool Leeds York Barnsley Manchester Liverpool Sheffield Congleton Telford Nottingham Hinckley Birmingham Solihull Wellingborough Coventry Wolverton Milton Keynes Worcester Ipswich Hitchin Banbury Eynsham Hemel Hemstead Maidenhead Swindon Harrow Slough Bracknell London Reading Key figures 2000 2001 2002 Wokingham Hayes Staines Walton-on-Thames Crawley Romsey Poole Glasgow Belfast Newcastle Durham Blackpool Leeds York New orders 2,576.0 3,342.7 2,399.2 (€3,843.1) Barnsley Manchester Liverpool Sheffield Congleton Telford Nottingham Hinckley Birmingham Solihull Wellingborough Coventry Wolverton Milton Keynes Worcester Ipswich Hitchin Banbury Eynsham Hemel Hemstead Maidenhead Swindon Harrow Slough Turnover 2,471.1 2,354.5 2,598.2 (€4,161.9) Bracknell London Reading Wokingham Hayes Staines Walton-on-Thames Crawley Romsey Poole Glasgow Belfast Newcastle Durham * € Earnings before interest and tax 76.7 84.1 143.0 ( 229.1) Blackpool Leeds York Barnsley Manchester Liverpool Sheffield Congleton Telford Nottingham Hinckley Birmingham Solihull R&D 54.4 39.8 23.7 (€38.0) Wellingborough Coventry Wolverton Milton Keynes Worcester Ipswich Hitchin Banbury Eynsham Hemel Hemstead Maidenhead Exports 250.8 316.8 424.2 (€679.5) Swindon Harrow Slough Bracknell London Reading Wokingham Hayes Staines Walton-on-Thames Crawley Romsey Poole Glasgow Belfast Newcastle Durham Blackpool Leeds York Barnsley Manchester Liverpool Sheffield Congleton Telford Nottingham Hinckley Employees 15,413 17,369 15,917 Birmingham Solihull Wellingborough Coventry Wolverton Milton Keynes Worcester Ipswich Hitchin Banbury Eynsham Hemel Figures in £m, except employees, relate to Siemens financial year October 2001 – September 2002, excluding some affiliated companies. Hemstead Maidenhead Swindon Harrow Slough Bracknell London Reading Wokingham Hayes Staines Walton-on-Thames Crawley The Euro equivalent is approximate, based on an average of monthly exchange rates throughout the period. Romsey Poole Glasgow Belfast Newcastle Durham Blackpool Leeds York Barnsley Manchester Liverpool Sheffield Congleton Telford *Excluding exceptional items Nottingham Hinckley Birmingham Solihull Wellingborough Coventry Wolverton Milton Keynes Worcester Ipswich Hitchin Banbury Eynsham Hemel Hemstead Maidenhead Swindon Harrow Slough Bracknell London Reading Wokingham Hayes Staines Walton-on- Thames Crawley Romsey Poole Glasgow Belfast Newcastle Durham Blackpool Leeds York Barnsley Manchester Liverpool Sheffield Congleton Telford Nottingham Hinckley Birmingham Solihull Wellingborough Coventry Wolverton Milton Keynes Worcester Ipswich Growth of Siemens in the UK Hitchin Banbury Eynsham Hemel Hemstead Maidenhead Swindon Harrow Slough Bracknell London Reading Wokingham Hayes Staines Walton-on-Thames Crawley Romsey Poole Glasgow Belfast Newcastle Durham Blackpool Leeds York Barnsley Manchester 3000 Liverpool Sheffield Congleton Telford Nottingham Hinckley Birmingham Solihull Wellingborough Coventry Wolverton Milton Keynes Worcester Ipswich Hitchin Banbury Eynsham Hemel Hemstead Maidenhead Swindon Harrow Slough Bracknell London Reading • Glasgow 2500 Wokingham Hayes Staines Walton-on-Thames Crawley Romsey Poole Glasgow Belfast Newcastle Durham Blackpool Leeds York 2598 Barnsley Manchester Liverpool Sheffield Congleton Telford Nottingham Hinckley Birmingham Solihull Wellingborough Coventry 2000 Wolverton Milton Keynes Worcester Ipswich Hitchin Banbury Eynsham Hemel Hemstead Maidenhead Swindon Harrow Slough Bracknell London Reading Wokingham Hayes Staines Walton-on-Thames Crawley Romsey Poole Glasgow Belfast Newcastle Durham 2018 Blackpool Leeds York Barnsley Manchester Liverpool Sheffield Congleton Telford Nottingham Hinckley Birmingham Solihull 1500 Wellingborough Coventry Wolverton Milton Keynes Worcester Ipswich Hitchin NewcastleBanbury • Eynsham Hemel Hemstead Maidenhead Swindon Harrow Slough Bracknell London ReadingBelfast • Wokingham Hayes Staines Walton-on-ThamesDurham • Crawley Romsey Poole Glasgow 1000 Belfast Newcastle Durham Blackpool Leeds York Barnsley Manchester Liverpool Sheffield Congleton Telford Nottingham Hinckley 881 Birmingham Solihull Wellingborough Coventry Wolverton Milton Keynes Worcester Ipswich Hitchin Banbury Eynsham Hemel 500 Hemstead Maidenhead Swindon Harrow Slough Bracknell London Reading Wokingham Hayes Staines Walton-on-Thames Crawley York • Romsey Poole Glasgow Belfast Newcastle Durham Blackpool Leeds York Barnsley Manchester Liverpool Sheffield Congleton Telford To find out about Siemens Ireland, visit • Blackpool • Leeds 0 225 Nottingham Hinckleywww.siemens.ie Birmingham Solihull Wellingborough Coventry Wolverton Milton BarnsleyKeynes • Worcester Ipswich Hitchin Banbury 1986 1991 1996 2002 Eynsham Hemel Hemstead Maidenhead Swindon Harrow Slough Bracknell London Reading Wokingham Hayes Staines Walton-on- • Manchester Turnover in £m Thames Crawley Romsey Poole Glasgow Belfast Newcastle Durham Blackpool Leeds York Barnsley Manchester Liverpool Sheffield • Liverpool • Sheffield Congleton Telford Nottingham Hinckley Birmingham Solihull Wellingborough Coventry• Congleton Wolverton Milton Keynes Worcester Ipswich Hitchin Banbury Eynsham Hemel Hemstead Maidenhead Swindon HarrowTelford Slough • Bracknell• LondonNottingham Reading Wokingham Hayes Staines Walton-on-Thames Crawley Romsey Poole Glasgow Belfast Newcastle Durham Blackpool• Hinckley Leeds York Barnsley Manchester • Wellingborough Liverpool Sheffield Congleton Telford Nottingham Hinckley Birmingham Solihull Wellingborough• Solihull Coventry Wolverton Milton Keynes Worcester Ipswich Hitchin Banbury Eynsham Hemel Hemstead MaidenheadBirmingham Swindon • Harrow• Coventry Slough Bracknell London Reading • Wolverton Ipswich • Wokingham Hayes Staines Walton-on-Thames Crawley Romsey Poole GlasgowWorcester Belfast • Newcastle• Milton Durham Keynes Blackpool Leeds York Barnsley Manchester Liverpool Sheffield Congleton Telford Nottingham Hinckley Birmingham• Banbury Solihull • Wellingborough Hitchin Coventry Contents Wolverton Milton Keynes Worcester Ipswich Hitchin Banbury Eynsham Hemel Hemstead• Eynsham Maidenhead• Hemel Swindon Hempstead Harrow Slough 2 Business overview Bracknell London Reading Wokingham Hayes Staines Walton-on-Thames Crawley RomseyMaidenhead Poole Glasgow • • Harrow Belfast Newcastle Durham Bristol • • Swindon Slough • • London 4 Working with our customers Blackpool Leeds York Barnsley Manchester Liverpool Sheffield Congleton Telford NottinghamBracknell • Hinckley• Hayes Birmingham Solihull Reading • • Staines 6 Information and Communications Wellingborough Coventry Wolverton Milton Keynes Worcester Ipswich Hitchin BanburyWokingham Eynsham • • Hemel Walton-on-Thames Hemstead Maidenhead • Crawley 12 Automation and Control Swindon Harrow Slough Bracknell London Reading Wokingham Hayes Staines Walton-on-Thames• Romsey Crawley Romsey Poole Glasgow 18 Transportation Belfast Newcastle Durham Blackpool Leeds York Barnsley Manchester Liverpool SheffieldPoole • Congleton Telford Nottingham Hinckley 22 Power Birmingham Solihull Wellingborough Coventry Wolverton Milton Keynes Worcester Ipswich Hitchin Banbury Eynsham Hemel 24 Medical Hemstead Maidenhead Swindon Harrow Slough Bracknell London Reading Wokingham Hayes Staines Walton-on-Thames Crawley 26 Research and Development Romsey Poole Glasgow Belfast Newcastle Durham Blackpool Leeds York Barnsley Manchester Liverpool Sheffield Congleton Telford 27 Lighting Nottingham Hinckley Birmingham Solihull Wellingborough Coventry Wolverton Milton Keynes Worcester Ipswich Hitchin Banbury 28 Financial Services Eynsham Hemel Hemstead Maidenhead Swindon Harrow Slough Bracknell London Reading Wokingham Hayes Staines Walton-on- 29 Affiliated Companies Thames Crawley Romsey Poole Glasgow Belfast Newcastle Durham Blackpool Leeds York Barnsley Manchester Liverpool Sheffield 30 What are we like to work with? Congleton Telford Nottingham Hinckley Birmingham Solihull Wellingborough Coventry Wolverton Milton Keynes Worcester Ipswich 31 Living and working in our community Hitchin Banbury Eynsham Hemel Hemstead Maidenhead Swindon Harrow Slough Bracknell London Reading Wokingham Hayes 32 Our Executive Management Board Staines Walton-on-Thames Crawley Romsey Poole Glasgow Belfast Newcastle Durham Blackpool Leeds York Barnsley Manchester 34 Main locations of Siemens businesses in the UK Liverpool Sheffield Congleton Telford Nottingham Hinckley Birmingham Solihull Wellingborough Coventry Wolverton Milton Keynes Worcester Ipswich Hitchin Banbury Eynsham Hemel Hemstead Maidenhead Swindon Harrow Slough Bracknell London Reading Wokingham Hayes Staines Walton-on-Thames Crawley Romsey Poole Glasgow Belfast Newcastle Durham Blackpool Leeds York Barnsley Manchester Liverpool Sheffield Congleton Telford Nottingham Hinckley Birmingham Solihull Wellingborough Coventry 24 Seven Utility Services Ltd. Abacus Group plc. Addenbrookes NHS Trust. Addison Tube Forming Ltd. Alliance Medical Ltd. Alstom Signalling Ltd. Angel Trains Ltd. Argos Ltd. Bank of Ireland. Barclays Bank plc. BHS Leasing Ltd. Britannia Airways Ltd. Businesses in the UK BritishOur Airways mission plc. British Gas Trading is Ltd.to British bring Telecom. BSL value Ltd. BT Cellnet to Ltd. Catalystour Healthcare Ltd. Cincinnati Machine UK Ltd. Close Asset Finance. Coventry City Council. Department for Environment, Food and Rural Affairs (DEFRA). EPN 10mm trim 10mm trim Distributionshareholders Ltd. Euro Cellular (Distribution) by plc.developing FAS Capital Ltd. Ford Motor and Company Ltd. Framatome ANP. Freeman NHS Trust. Affiliated Companies Information and Communications George Wilson Industries Ltd. Global Crossing UK Ltd. Great Ormond Street Children’s Hospital. Gwent Healthcare NHS Trust. HCA Internationalmanufacturing Ltd. Heller Machine Tools Ltd. world HEX Operating class Company Ltd. products, Highways Agency. HMK Technical Services Ltd. Home New Orders £889.4 (€1,424.7) New Orders £944.1 (€1,512.3) Office Immigration and Nationality Directorate (IND). HSBC Bank plc. Institute of Neurology. IPC Media Group Ltd. King Edward Turnover £873.1 (€1,398.6) Turnover £961.1 (€1,539.5) VII’sdesigning Hospital. Kettering General and Hospital. running Lanarkshire Acute Hospitalcomplex NHS Trust. Lewisham systems Hospital NHS. Lloyds TSB Bank plc. Lothian University Hospital NHS Trust. Lucas Ltd. Marconi Communications Ltd. Metier Healthcare Ltd. Ministry of Defence. Employees 1,756 Employees 6,758 Moyleand Interconnector projects, plc. National and Air Traffic tailoring Services Ltd. National our Grid Group services plc. National Savings and Investments. • Fujitsu Siemens Computers 1 • Siemens Business Services Nationwide Building Society. NHS Logistics Authority. Northern Electrical Ltd. npower Ltd. O2. One 2 One Ltd. Orange plc. Oxford Radcliffeto Hospital.our Parmleycustomers. Graham Ltd. Phoenix Electrical Company Ltd. Phoenix Natural Gas Ltd. Police Information Technology • Insight Consulting • Siemens Communications Organisation (PITO). Portcullis Oldham Ltd. Powergen plc. Queen Mary’s Sidcup NHS Trust. Railtrack plc. Rolls Royce Power 2 • Mobisphere • Siemens Datatrak Engineering plc. Royal Alexandra Hospital. Royal Brompton & Harefield NHS Trust. Royal Cornwall Hospital. Schrader Electronics • Oxford Magnet Technology • Siemens Information & Ltd. Scottish & Southern Energy plc. Scottish Power plc. Singer and Friedlander Ltd. Southern Derbyshire Acute Hospitals NHS Trust.Siemens Summit Healthcare Ltd.is Swindonthe & nameMarlborough NHS and Trust. Synectics know-how Medical Ltd. Talkland Communications Ltd. Thames • Siemens Domestic Appliances Communication Mobile Water plc. The Carphone Warehouse. The Highways Agency. The National Assembly For Wales. The Royal Bank of Scotland. Innformaation andd • Siemens Network Systems3 Transcobehind plc. Transport thousandsFor London. TXU Energi. Underwoods of the Electrical world’s Distributors. United biggest Bristol Healthcare NHS Trust. United Kingdom Passport Agency. United Utilities Water. University Hospitals of Leicester NHS Trust. Vodafone Ltd. Valmet Atlas Plc. Coommunicationns Winchesterprojects. & Eastleigh Healthcare Working NHS Trust. 24 inSeven partnership Utility Services Ltd. Abacus Group with plc. Addenbrookes our NHS Trust. Addison Automation and Control Tube Forming Ltd. Alliance Medical Ltd. Alstom Signalling Ltd. Angel Trains Ltd. Argos Ltd. Bank of Ireland. Barclays Bank plc. BHS New Orders £459.3 (€735.7) Affiliated Transportation Leasingcustomers, Ltd. Britannia Airways Ltd.we British help Airways plc. them British Gas Trading achieve Ltd. British Telecom. the BSL Ltd. BT Cellnet Ltd. Catalyst € Companies Transpoortation € Healthcare Ltd. Cincinnati Machine UK Ltd. Close Asset Finance. Coventry City Council. Department for Environment, Food and Turnover £442.3 ( 708.5) New Orders £209.6 ( 335.7) Ruralperformance Affairs (DEFRA). EPN Distribution goals Ltd. Euro Cellular and (Distribution) service plc. FAS Capital standards Ltd. Ford Motor Company Ltd. Framatome Employees 2,966 Turnover £449.3 (€719.7) ANP. Freeman NHS Trust. George Wilson Industries Ltd. Global Crossing UK Ltd. Great Ormond Street Children’s Hospital. Gwent Healthcarethat NHS make Trust. HCA International their Ltd. businesses Heller Machine Tools Ltd. aHEX success.Operating Company Ltd. Highways Agency. HMK • Dickinson Integrated Solutions Employees 997 Technical Services Ltd. Home Office Immigration and Nationality Directorate (IND). HSBC Bank plc. Institute of Neurology. IPC • Siemens Automation and Drives • Siemens Transportation Systems Media Group Ltd. King Edward VII’s Hospital. Kettering General Hospital. Lanarkshire Acute Hospital NHS Trust. Lewisham • Siemens Building Technologies • Siemens VDO Hospital NHS. Lloyds TSB Bank plc. Lothian University Hospital NHS Trust. Lucas Ltd. Marconi Communications Ltd. Metier HealthcareSiemens: Ltd. Ministry of Defence.pioneering Moyle Interconnector innovations plc. National Air Traffic Services for Ltd. National Grid Group plc. National • Siemens Dematic Savings and Investments. Nationwide Building Society. NHS Logistics Authority. Northern Electrical Ltd. npower Ltd. O2. One 2 • Siemens Traffic Controls Onea Ltd. better Orange plc. Oxford way Radcliffe of Hospital. living Parmley Graham and Ltd. working.Phoenix Electrical Company Ltd. Phoenix Natural Gas Ltd. Autoomation Financial Services Police Information Technology Organisation (PITO). Portcullis Oldham Ltd. Powergen plc. Queen Mary’s Sidcup NHS Trust. Financial Services Railtrack plc. Rolls Royce Power Engineering plc. Royal Alexandra Hospital. Royal Brompton & Harefield NHS Trust. Royal Cornwall and Control s Interest receivable £78.1(€125.1) Hospital. Schrader Electronics Ltd. Scottish & Southern Energy plc. Scottish Power plc. Singer and Friedlander Ltd. Southern Derbyshire Acute Hospitals NHS Trust. Summit Healthcare Ltd. Swindon & Marlborough NHS Trust. Synectics Medical Ltd. Power Employees 207 Talkland Communications Ltd. Thames Water plc. The Carphone Warehouse. The Highways Agency. The National Assembly For New Orders £311.4 (€498.8) • Siemens Financial Services Wales. The Royal Bank of Scotland. Transco plc. Transport For London. TXU Energi. Underwoods Electrical Distributors. United Turnover £280.2 (€448.8) Bristol Healthcare NHS Trust. United Kingdom Passport Agency. United Utilities Water. University Hospitals of Leicester NHS Trust. Vodafone Ltd. Valmet Atlas plc. Winchester & Eastleigh Healthcare NHS Trust. 24 Seven Utility Services Ltd. Abacus Group plc. Employees 2,531 Addenbrookes NHS Trust. Addison Tube Forming Ltd. Alliance Medical Ltd. Alstom Signalling Ltd. Angel Trains Ltd. Argos Ltd. • ICIS Technology Lighting Bank of Ireland. Barclays Bank plc. BHS Leasing Ltd. Britannia Airways Ltd. British Airways plc. British Gas Trading Ltd. British € Telecom. BSL Ltd. BT Cellnet Ltd. Catalyst Healthcare Ltd. Cincinnati Machine UK Ltd. Close Asset Finance. Coventry City Council. • Siemens Energy Services New Orders £69.2 ( 110.8) Department for Environment, Food and Rural Affairs (DEFRA). EPN Distribution Ltd. Euro Cellular (Distribution) plc. FAS Capital • Siemens Environmental Systems Turnover £69.2 (€110.8) Ltd. Ford Motor Company Ltd. Framatome ANP. Freeman NHS Trust. George Wilson Industries Ltd. Global Crossing UK Ltd. Great Power Lighting Ormond Street Children’s Hospital. Gwent Healthcare NHS Trust. HCA International Ltd. Heller Machine Tools Ltd. HEX Operating • Siemens Power Generation Employees 118 Company Ltd. Highways Agency. HMK Technical Services Ltd. Home Office Immigration and Nationality Directorate (IND). HSBC • Siemens Power Transmission • Osram Bank plc. Institute of Neurology. IPC Media Group Ltd. King Edward VII’s Hospital. Kettering General Hospital. Lanarkshire Acute and Distribution Hospital NHS Trust. Lewisham Hospital NHS. Lloyds TSB Bank plc. Lothian University Hospital NHS Trust. Lucas Ltd. Marconi Communications Ltd. Metier Healthcare Ltd. Ministry of Defence. Moyle Interconnector plc. National Air Traffic Services Ltd. National Grid Group plc. National Savings and Investments. Nationwide Building Society. NHS Logistics Authority. Northern Medical Electrical Ltd. npower Ltd. O2. One 2 One Ltd. Orange plc. Oxford Radcliffe Hospital. Parmley Graham Ltd. Phoenix Electrical € Company Ltd. Phoenix Natural Gas Ltd. Police Information Technology Organisation (PITO). Portcullis Oldham Ltd. Powergen plc. Research and Development New Orders £190.7 ( 305.5) Queen Mary’s Sidcup NHS Trust. Railtrack plc. Rolls Royce Power Engineering plc. Royal Alexandra Hospital. Royal Brompton & New Orders £31.9 (€51.1) Research and Meedical Turnover £173.9 (€278.6) Harefield NHS Trust. Royal Cornwall Hospital. Schrader Electronics Ltd. Scottish & Southern Energy plc. Scottish Power plc. Singer Turnover £30.9 (€49.5) Development Employees 722 and Friedlander Ltd. Southern Derbyshire Acute Hospitals NHS Trust. Summit Healthcare Ltd. Swindon & Marlborough NHS Trust. Synectics Medical Ltd. Talkland Communications Ltd. Thames Water plc. The Carphone Warehouse. The Highways Agency. The Employees 464 • A&M Hearing National Assembly For Wales. The Royal Bank of Scotland. Transco plc. Transport For London. TXU Energi. Underwoods Electrical • Roke Manor Research • Siemens Healthcare Services Distributors. United Bristol Healthcare NHS Trust. United Kingdom Passport Agency. United Utilities Water. University Hospitals of Leicester NHS Trust. Vodafone Ltd. Valmet Atlas Plc. Winchester & Eastleigh Healthcare NHS Trust. 24 Seven Utility Services Ltd. Figures in £m • Siemens Medical Solutions Abacus Group plc. Addenbrookes NHS Trust. Addison Tube Forming Ltd. Alliance Medical Ltd. Alstom Signalling Ltd. Angel Trains Ltd. Argos Ltd. Bank of Ireland. Barclays Bank plc. BHS Leasing Ltd. Britannia Airways Ltd. British Airways plc. British Gas Trading 1 Financial year runs from 1 April 01 to 31 March 02 Ltd.These British are Telecom. just some BSL ofLtd. Siemens’ BT Cellnet customers Ltd. Catalyst Healthcare Ltd. Cincinnati Machine UK Ltd. Close Asset Finance. Coventry 2From December 2002, Siemens Datatrak became part of the Siemens VDO Trading business in the Transportation group Citywith Council. whom Department we’ve worked for Environment, extensively Foodduring and Rural Affairs (DEFRA). EPN Distribution Ltd. Euro Cellular (Distribution) plc. 3Disposed of during financial year FASthe Capital last financialLtd. Ford year.Motor Company Ltd. Framatome ANP. Freeman NHS Trust. George Wilson Industries Ltd. Global Crossing UK Ltd. Great Ormond Street Children’s Hospital. Gwent Healthcare NHS Trust. HCA International Ltd. Heller Machine Tools Ltd. HEX Operating Company Ltd. Highways Agency. HMK Technical Services Ltd.HomeOfficeImmigrationandNationality Directorate (IND). Business overview
Business overview Our strategy of maintaining a broad business base, The world is a very different place, economically and encompassing both manufacturing and services, politically, since 11 September 2001. It is currently has paid off in minimising the impact of global experiencing the most serious slowdown in global economic events. economic activities for 30 years. Manufacturing, in particular, is at a low ebb. While the UK has so far Satisfied customers remain the key to our success weathered the storm better than many of our European Siemens’ reputation for innovative solutions backed by neighbours, it would be complacent to assume that thoughtful customer service has undoubtedly helped we will continue to do so without being vigilant and the company win a number of contract extensions taking tough countermeasures early. from existing customers and some notable new orders.
The reputation of the corporate world has also been Siemens Dematic’s £53 million contract from badly damaged during the past year following several Sainsbury’s to build two major new automated high profile accounting scandals. The loss of an food storage and distribution facilities, each handling organisation’s reputation represents a betrayal of its 12,000 different products daily, and 60 per cent shareholders and customers, and generations of of which will have to be despatched to stores within employees who have helped to build that reputation. hours of being received. As a company whose own roots date back to 1843, and whose name has become a byword for innovative The Police Information Technology Organisation ideas that permeate virtually every aspect of daily life, has extended its successful nine-year partnership no-one understands this better than Siemens in the UK. with Siemens Business Services with a new four-year We are committed to conducting our business agreement for technology upgrade, maintenance transparently and equitably. and support services worth a total of £21 million.
An excellent year for Siemens in the UK Siemens Power Transmission and Distribution’s major We have reported our highest ever profit and increased order worth in excess of £20 million for the supply turnover for the financial year just ended. Some and maintenance of control and protection systems businesses truly excelled. However, it would be fair to for more than 40 high voltage electricity transmission say that a significant proportion struggled with tough substations owned and operated by National Grid. market conditions. To sum up, it has been an exceptional year for Siemens in the UK achieved earnings before tax and Siemens in the UK – all the more remarkable given interest of £143 million, beating its EBIT budget by the prevailing economic conditions. 14 per cent (excluding the effect of structural changes, such as the sale of the metering products business and Siemens Network Systems). The two strongest contributors to this were our telecommunications and medical businesses. Alan Wood Turnover showed a healthy growth of 10 per cent, Chief Executive with the main contributors being Siemens Business Siemens Holdings plc Services and Siemens Transportation Systems.