- Orders rose 15 percent on a comparable basis to €24.2 billion and again reached a very high level (Q3 2022: €22.0 billion)
- Revenue grew 10 percent on a comparable basis to €18.9 billion (Q3 2022: €17.9 billion)
- Profit Industrial Business totaled €2.8 billion (Q3 2022: €2.9 billion) with a strong increase at Smart Infrastructure and Digital Industries
- Net income was €1.4 billion (Q3 2022: a net loss of €1.5 billion)
- Free cash flow all-in at group level was an outstanding €3.0 billion, a 29 percent increase (Q3 2022: €2.3 billion)
- Outlook on group level confirmed for fiscal 2023 for revenue growth and EPS pre PPA, excluding the Siemens Energy Investment
Siemens continued
its profitable growth trajectory in Q3 2023 (ended June 30, 2023),
with all industrial businesses achieving strong revenue growth. Order momentum
in the company’s major projects and systems business was also strong. The
book-to-bill ratio was an excellent 1.28, while the order backlog of €110 billion
was again at a record high level. Siemens confirms its outlook on group level
for fiscal 2023 and continues to expect revenue growth of 9 percent to 11 percent
and basic earnings per share before purchase price allocation accounting (EPS
pre PPA) of €9.60 to €9.90, excluding the Siemens Energy Investment.
- Siemens to donate EUR 500,000 to foundation for mountain rescue services
- Funds to further develop globally unique Bavarian Mountain Rescue Service's center for Safety and Training in Bad Tölz
- Half of donations from Siemens employees
Siemens and
the charitable association Siemens Caring Hands e.V. are supporting the Stiftung
Bergwacht, a non-profit foundation for mountain rescue services, with a
donation of €500,000. The foundation will use the donation to further develop
the Bavarian Mountain Rescue Service’s Center for Safety and Training in Bad
Tölz, Germany, and thus improve disaster prevention in Germany and Europe. Half
the donation is from Siemens employees and half from Siemens AG. The funds are part
of a donation pool that Siemens set up in 2021 in response to the flood
disaster on the Ahr River in the German states of Rhineland-Palatinate, North
Rhine-Westphalia and Bavaria. Over the past two years, €2.8 million from the
pool has been used to support 25 emergency, reconstruction and prevention
projects.
- Investment of €1 billion planned in Germany, €500 million for new Technology Campus in Erlangen
- Part of €2 billion global investment strategy in 2023 for boosting growth, innovation and resilience across all regions
- Further investments in Europe and the U.S.
- New campus to become global development and manufacturing hub and nucleus for technology activities for industrial metaverse
- Erlangen location to promote and accelerate ecosystem of partners from business and scientific communities
- Transition to environmentally sustainable net-zero location
Siemens is
rigorously executing its announced €2 billion investment strategy. Of this
amount, the company plans to invest around €1 billion in Germany, thereby boosting
the country’s innovative strength. In the presence of German Chancellor Olaf Scholz,
the technology company today announced the establishment of its new Technology Campus in Erlangen, Germany, with
investments of around €500 million in the expansion of development and manufacturing
capacities. As a result, Siemens is establishing the Erlangen location as a
global research and development hub and the nucleus of global technology
activities for the industrial metaverse. These steps will enable Siemens to
accelerate its overall growth, drive innovation and increase its resilience.
- Innomotics, a leading supplier of
motor and large-drive systems, has launched with a new brand identity
- As of July 1, 2023, Innomotics has
become a separately managed Siemens subsidiary in Germany
- Global carveout is on track and is to
be largely completed by October 1, 2023
- Operating headquarters are in
Nuremberg, Germany, for the new company, which employs about 15,000 people
globally and generates more than €3 billion in revenue
Innomotics has
launched in Germany as a separately managed legal entity as of July 1,
2023. Under a single roof, the supplier of motors and large drives brings together
business activities with low- to high-voltage motors, geared motors,
medium-voltage converters and motor spindles as well as project and service
offerings for this product portfolio. The company’s operating headquarters are
located in Nuremberg, Germany. The carveout in Germany has now been completed. The
global carveout is also to be largely completed by the beginning of the new
fiscal year on October 1, 2023. In the future, Innomotics will comprise the previous
corresponding businesses from the units Large Drives Applications and Digital
Industries, as well as the separately managed Siemens companies Sykatec and
Weiss Spindeltechnologie. Worldwide, around 15,000 people are working at
Innomotics to realize growth potential and thus secure the company’s future market
success as a trailblazing specialist for motors and large drives.
- 6.8 percent stake transferred to Siemens
Pension-Trust e.V.
- Transfer strengthens Siemens’
pension assets in Germany
- Move reduces Siemens’ consolidated
investment in Siemens Energy AG from 31.9 percent to 25.1 percent
Siemens AG has transferred a 6.8 percent stake in Siemens Energy AG
to Siemens Pension-Trust e.V. on June 28, 2023. As a result, Siemens
AG’s stake in Siemens Energy AG declines to 25.1 percent. With
this move, Siemens is executing its previously announced plans to reduce its investment
in Siemens Energy. By transferring the shares to Siemens Pension‑Trust
e.V., Siemens is strengthening its pension assets in Germany.
- Ramp up of global investment in new high-tech factories,
innovation labs and education centers to expand leadership in digitalization, automation
and sustainability
- Total investments
of €2 billion mainly in manufacturing capacity expansion to be disclosed this year
- Following investments in Germany and
in the U.S., Siemens expands its production network and R&D capacities in Asia
- New high-tech factory in Singapore announced
today to serve growing markets in Southeast Asia
- Expansion of digital factory in
Chengdu to boost further
growth in China
- Additional investments in Europe and U.S. to be
announced
To boost future growth, drive innovation and increase
resilience, Siemens today presented its investment strategy which includes €2
billion mainly for new manufacturing capacity as well as innovation labs,
education centers and other own sites. Siemens today announced a new high-tech factory in
Singapore, to serve the booming Southeast Asia markets.
- Siemens has partnered with UN Women Germany through the African Girls Can Code Initiative (AGCCI) to train girls and young women in Africa in digital and further skills
- Hybrid event in Johannesburg kicks off the training program that starts operation now and will benefit over 600 young women across South Africa, Kenya, Senegal, Rwanda and Uganda.
- Siemens has made €780,000 available to enhance employability and will provide laptops to all participants in order to support coding camps focused on digital literacy, coding, personal development and work readiness skills.
- In the context of a comprehensive 6-month mentoring program “SieMent EmpowHer,” developed by Siemens South Africa, the young women will spend a whole day with their experienced female mentors from around the world.
Siemens has partnered with United Nations (UN) Women Germany
for an upskilling program of more than 600 young African women in South Africa,
Kenya, Rwanda, Senegal, and Uganda. The joint initiative was launched in April 2022.
Now, the first round of workshops has started. A hybrid event, hosted by
Siemens South Africa, will kick off the African Girls Can Code (AGCCI) coding
camp and the SieMent EmpowHer mentorship program.
- Several records in Q2 2023, including impressive margin increases and all-time highs in profit for Digital Industries and Smart Infrastructure, as well as another record order backlog
- At €23.6 billion, orders reached a very high level (Q2 2022: €21.0 billion)
- Revenue rose 15 percent on a comparable basis to €19.4 billion(Q2 2022: €17.0 billion)
- Profit Industrial Business surged 47 percent to €2.6 billion (Q2 2022: €1.8 billion)
- Net income nearly tripled to €3.6 billion (Q2 2022: €1.2 billion)
- Excellent free cash flow all-in at Group level totaled €2.3 billion (Q2 2022: €1.3 billion)
- Outlook for revenue growth and earnings per share pre PPA effects raised again
Siemens continued
its strong growth momentum also in Q2 2023 (ended March 31, 2023). The
quarter was characterized by very strong order intake, outstanding revenue
growth driven by substantial increases at Digital Industries, Smart
Infrastructure and Mobility, and higher Profit Industrial Business, including
sharp increases at Smart Infrastructure and Digital Industries, which both
achieved their highest-ever quarterly profit. Following the strong first half of fiscal 2023, Siemens
is again raising its outlook for the fiscal year.