- Continuing growth momentum and very good results in Q1
- Revenue up 8 percent on a comparable basis to €18.1 billion
(Q1 2022: €16.5 billion)
- At €22.6 billion, orders at a high level (Q1 2022: €24.2 billion)
- Profit Industrial Business at €2.7 billion – a 9 percent increase and at a record level in Q1 2023 (Q1 2022: €2.5 billion)
- Net income of €1.6 billion (Q1 2022: €1.8 billion)
- Guidance raised: Siemens now expects comparable revenue growth in the range of 7 percent to 10 percent (previously expected at 6 percent to 9 percent) and an increase in basic EPS pre PPA to a range of €8.90 to €9.40 (previously expected at €8.70 to €9.20)
Siemens started
fiscal 2023 (to December 31, 2022) with a strong performance and maintained its
continuing growth momentum with very good results in Q1. The company leveraged
growth opportunities in its key markets despite a still complex macroeconomic
environment. Following the strong start in fiscal 2023, Siemens raises its
outlook for fiscal 2023. For the Siemens Group, the company now expects
comparable revenue growth, net of currency translation and portfolio effects,
in the range of 7 percent to 10 percent (previously expected at 6 percent to 9 percent)
and continues to expect a book-to-bill ratio above 1. Furthermore, Siemens now
expects this profitable growth of its industrial businesses to drive an
increase in basic EPS from net income before purchase price allocation
accounting (EPS pre PPA) to a range of €8.90 to €9.40 (previously expected at
€8.70 to €9.20) in fiscal 2023.
- Orders of €20.5 billion (Q3 2020: €13.9 billion) reflect strong customer orientation and global economic recovery
- Revenue increased substantially to €16.1 billion (Q3 2020: €13.0 billion)
- Adjusted EBITA Industrial Businesses climbed 29 percent to €2.3 billion
- At 15.3 percent, Adjusted EBITA margin increased again (Q3 2020: 14.3 percent)
- At €1.5 billion, net income nearly tripled (Q3 2020: €535 million)
- Free cash flow of €2.3 billion (Q3 2020: €2.5 billion) again excellent
- Guidance for 2021 raised again – Net income of €6.1 billion to €6.4 billion expected (previous guidance: €5.7 billion to €6.2 billion), including effects in connection with the acquisition of Varian Medical Systems, Inc.
Siemens continued its accelerated high-value growth trajectory across all businesses and regions also in the third quarter. Despite the ongoing COVID-19 pandemic and negative currency translation effects, Q3 was characterized by outstanding market successes companywide and positive momentum provided by the global economic recovery. Ongoing supply chain challenges associated primarily with electronics components, raw materials and rising raw materials prices were successfully mastered. Compared to Q3 2020, which was noticeably affected by the pandemic, Siemens achieved considerable double-digit growth in orders and revenue and nearly tripled net income. Due to its strong performance in the first nine months, Siemens is again raising its guidance for fiscal 2021 and now expects companywide revenue growth of 11 percent to 12 percent (previous guidance: 9 percent to 11 percent) on a comparable basis – that is, excluding currency translation and portfolio effects – and net income of between €6.1 billion and €6.4 billion (previous guidance: €5.7 billion to €6.2 billion).
- Takes over October 1, reporting to
CEO Roland Busch
Lynette Jackson
(49) has been appointed as the new head of global communications at Siemens. She
will report to Roland Busch, President and CEO of Siemens AG, effective October
1. Jackson takes over from Judith Wiese, member of the Managing Board of
Siemens AG responsible for HR, Sustainability and Global Business Services, who
has been acting as interim head of communications since April.
- Sale for price of €2.025 billion
- Another step in executing Vision
2020+ strategy for becoming a focused technology company
- New ownership structure offers Flender
optimal growth and development opportunities
- Long-term and reliable commitments agreed
upon for Flender’s employees and German locations
The Managing
Board and Supervisory Board of Siemens AG have approved the sale of Flender GmbH
– a world-leading supplier of mechanical and electrical drive systems – to Carlyle.
The contracting parties signed a corresponding agreement today. The price is €2.025 billion (enterprise value). Siemens
recently gave its energy business independence through a public listing. By
selling Flender, the company is now promptly taking another important step in
the rigorous execution of its Vision 2020+ strategy for enabling Siemens
to become a focused technology company. Carlyle’s plans – following Flender’s successful
reorientation – are to further accelerate its growth and fully develop its
strengths through more independence and greater leeway for decisions. The sale also
makes it possible to forgo the originally planned spin-off and public listing
and thus offers a faster track to clarity for a successful future of Flender. The
transaction is expected to close in the first half of 2021 and is subject to
foreign-investment and antitrust approvals.
- Atlantia S.p.A. to acquire Yunex Traffic from Siemens Mobility for €950 million
- Closing expected by September 2022
- Yunex Traffic is a leader in intelligent road traffic solutions
- Siemens continues to sharpen its portfolio as focused technology
company
Siemens Mobility today signed an agreement to divest Yunex Traffic, the international road traffic business, to Atlantia S.p.A. The Managing Board and Supervisory Board of Siemens AG have approved the planned transaction. The purchase price is €950 million (enterprise value). Closing is expected by September 2022, subject to the relevant regulatory approvals. Yunex Traffic is a leader in innovative and intelligent infrastructure and traffic solutions for roads and cities. As a global leader in mobility infrastructure technology and services, Atlantia is a long-term, strategically oriented new owner for Yunex Traffic.
Siemens IT Solutions and Services will get a new management. Former CEO Christoph Kollatz (49) is stepping down from his position effective immediately. Christian Oecking (47), head of the Global Operations Business Unit, will serve as acting head of Siemens IT Solutions and Services until preparations for appointing a new CEO for the cross sector business can be completed.
- Responsible for Human Resources and
Global Business Services, effective October 1, 2020
- More than two decades of
international experience in all HR functions and in supporting strategic change
processes
The
Supervisory Board of Siemens AG has appointed Judith Wiese (49) a member of Siemens’
Managing Board, effective October 1, 2020. Ms. Wiese will serve as the company’s
Chief Human Resources Officer and the Labor Director of Siemens AG. In
addition, she is to head Global Business Services (GBS), which provides Siemens
units and external customers with a variety of company services such as
personnel and employee services, invoicing and payment processing, and event
management.
- Dr. Dirk Didascalou to become new Chief Technology Officer of Siemens Digital Industries, effective September 1, 2021
- Dr. Didascalou joins Siemens AG from Amazon Web Services and has a strong track record in areas such as R&D, IoT, cloud and mobile computing
Effective September 1, 2021, Dr. Dirk
Didascalou will become Chief Technology Officer (CTO) of Siemens Digital
Industries (DI).
- Siemens Global Business Services’ expertise in business processes to be
combined with the Celonis Execution Management System
- Optimization of key business processes in multiple areas such as procurement,
sales, accounting and HR in operations of customers
- Focus on digitalization and operational process automation – enhanced by artificial
intelligence
Siemens Global Business Services (GBS), the provider of business processes and services within Siemens AG, and Celonis, the market leader in Execution Management Systems (EMS), have today signed a letter of intent to enter a strategic partnership. Through this collaboration, the partners aim to help customers by enabling them to optimize their internal processes even faster across all parts of their companies. By combining the best solutions from their two worlds, Siemens GBS and Celonis aim to accelerate growth for the customers.
- Catastrophic
situation after fire ravaged refugee camp in Moria on Lesbos – only makeshift
shelter for people on ships and in provisional tents
- CEOs Diess and Kaeser underscore humanitarian responsibility
of companies
- Funds go to the German Red Cross and its local partners, who
will coordinate the relief efforts
Siemens AG
and the Volkswagen Group are jointly donating €5 million for immediate
humanitarian aid to displaced people in Moria and Greece. The situation for
people has worsened dramatically since fire ravaged the refugee camp in Moria
on Lesbos. They have been given makeshift shelter on ships belonging to the
Greek Navy and in provisional tents. The funds will be given to the German Red
Cross (DRK) to support the comprehensive aid initiatives of the International
Red Cross and Red Crescent Movement for displaced people in Greece.