- New
leadership appointments effective October 1, 2022
- Jenny
Bofinger, currently head of Sustainability, will join the board of the newly
formed International Sustainability Standards Board
Siemens AG
today announced new leadership appointments in its Sustainability and Investor Relations
departments, effective October 1. Eva Riesenhuber (49), currently head of Investor
Relations, will assume the role of global head of Sustainability and Eva
Scherer (38), currently Chief Financial Officer (CFO) of the Rail
Infrastructure and Software Business Units at Siemens Mobility, is appointed
head of Investor Relations.
- Zsolt Sluitner to hand over leadership
of the business as of March 1, 2024
- Jörg Vocke has been working at
Siemens for 20 years and has many years of experience in Siemens Real Estate’s business
- Current focus areas: Sustainable and
value-oriented growth as well as transformation of global office and production
locations
Effective
March 1, 2024, Jörg Vocke (55) will become the new CEO of Siemens Real
Estate (SRE), the real estate company of Siemens. In this role, he will report
directly to Ralf P. Thomas, Chief Financial Officer and member of the
Managing Board of Siemens AG. As a corporate real estate manager, SRE is
responsible for Siemens’ global real estate portfolio and continuously drives
the further development of this portfolio in a sustainable, socially
responsible and value-oriented manner. SRE also plays a key role in Siemens’ €2
billion global investment strategy for getting production locations fit for the
future.
- Further 8 percent
stake transferred to Siemens Pension-Trust e. V.
- Transfer strengthens Siemens’
pension assets in Germany
- Move reduces Siemens’ investment in Siemens
Energy AG to 17.1 percent from 25.1 percent
- Prof. Dr. Ralf P. Thomas to resign
from the supervisory board of Siemens Energy AG
Today, on December 18, 2023, Siemens AG is transferring an 8 percent stake in Siemens Energy AG to Siemens Pension-Trust
e. V. As a result, Siemens AG’s stake in Siemens Energy AG is declining to
17.1 percent. With this move, Siemens is executing its previously announced
plans to further reduce its investment in Siemens Energy. By transferring the
shares to Siemens Pension‑Trust e.V., Siemens is strengthening
its pension assets in Germany.
- Siemens intends to acquire 18% in
Siemens Ltd. India for a purchase price of 2.1 billion euro
- Siemens and Siemens Energy will
jointly propose to the Board of Directors of Siemens Ltd. India to separate the
energy business by way of a demerger
- Simplification of corporate setup in
one of the fastest growing and strategically important markets
- Siemens has agreed with Siemens
Energy indirect financial measures totaling one billion euro to allow third
parties to arrange guarantees for Siemens Energy
Siemens AG has taken measures to support the stability
of Siemens Energy AG and accelerate separation in India – in the best possible
interests of all parties. Specifically, Siemens intends to enter into a share
purchase agreement with Siemens Energy to acquire an 18% stake in Siemens Ltd.
India from Siemens Energy for a purchase price of 2.1 billion euro in cash.
This would increase Siemens’ stake in the publicly listed Siemens Ltd. India from
51% to 69%, while Siemens Energy’s stake would decrease from 24% to 6%. With
the intended acquisition, Siemens and Siemens Energy accelerate unbundling the
business activities of the Indian subsidiary of Siemens. The
purchase price reflects a customary discount of 15% on the 5-trading-days volume-weighted
average price before the day of signing. Siemens will provide no new guarantees to Siemens Energy.
Siemens will
exit the Russian market as a result of the Ukraine war. The company has started
proceedings to wind down its industrial operations and all industrial business activities.
The financial impact of this decision will be reported as part of the regular
disclosure on the second quarter results today on May 12, 2022.
- Siemens technology and capital is aiding 80 Acres Farms and its technology subsidary, Infinite Acres, in expansion to meet global food supply demands
- Siemens hardware and software solutions provide key technologies for 80 Acres' farm facilities and operations via Infinite Acres' Loop platform
Siemens announced its collaboration with 80 Acres Farms, a leader in the
indoor farming industry. With five production farms in southwestern Ohio, a new
farm in Florence, Kentucky, a future farm in Covington, Georgia, and R&D
facilities in Arkansas and the Netherlands, 80 Acres Farms specializes in
growing the next generation of food — food grown in eco-friendly indoor farms
closer to consumers’ tables.
- Orders rose 22 percent on a comparable basis to €21.0 billion (Q2 2021: €15.9 billion), with high growth rates at all industrial businesses
- At €17.0 billion, revenue increased 7 percent on a comparable basis (Q2 2021: €14.7 billion)
- Profit Industrial Business was €1.8 billion (Q2 2021: €2.0 billion) – due to impacts totaling €0.6 billion, mainly at Mobility, subsequent to sanctions imposed on Russia
- Net income was €1.2 billion (Q2 2021: €2.4 billion)
- Free cash flow for the Siemens Group increased to €1.3 billion and was thus even stronger than in the prior-year quarter (Q2 2021: €1.2 billion)
- Orderly wind down of industrial business activities initiated in order to exit the Russian market
Siemens continued
its growth path as a focused technology company also in Q2 (ended March 31,
2022). In Q2, the company leveraged increased growth opportunities in many key markets
despite a continuing complex macroeconomic environment and confirms its outlook
for the Siemens Group for the current fiscal year 2022. The impact on
profit in Q2 subsequent to sanctions imposed on Russia totaled €0.6 billion due
to impairments and other charges, mainly at Mobility. Siemens also initiated an orderly
wind down of its industrial business activities in order to exit the Russian
market.
- Audit Committee recommends proposing to 2024 Annual Shareholders’ Meeting that PwC be elected independent auditors for fiscal 2024
- Comprehensive tendering process in accordance with current European legal norms
- Audit contract with PwC can be extended by the Annual Shareholders’ Meeting annually only through fiscal 2033
The Audit Committee
of the Supervisory Board of Siemens AG has decided to recommend that the
Supervisory Board propose to the shareholders at the Annual Shareholders’
Meeting in 2024 the election of PricewaterhouseCoopers GmbH,
Wirtschaftsprüfungsgesellschaft, as independent auditors of Siemens’ financial
statements for fiscal 2024 (start: October 1, 2023). This recommendation is the
result of intensive discussions between the Supervisory Board, the Audit
Committee and the Managing Board of Siemens AG and of a comprehensive tendering
process in accordance with current European legal norms.
- Open, digital business platform Siemens Xcelerator based on comprehensive, curated portfolio of software, services and connected hardware keeps expanding
- Volta Trucks and Siemens partner to accelerate commercial fleet electrification
- Automotive Cells Company (ACC) and Siemens partner to optimize battery cell production
- Siemens is confident to exceed 10 percent revenue growth in its digital businesses, in fiscal 2022
- Digital Twins are building blocks of the emerging industrial metaverse
Together
with its partners and customers, Siemens is driving the digital transformation
of economies through its open digital business platform Siemens Xcelerator,
launched on June 29, 2022. The platform consists of a comprehensive, curated
portfolio; a powerful ecosystem of partners and a marketplace for customers,
partners and developers and strives to make digitalization easier, faster and
at scale. Today, Siemens announced two new partnerships related to the Siemens
Xcelerator platform.
- Siemens and Desert Technologies launch joint venture Capton Energy to develop and invest in solar and smart infrastructure in the Middle East, Africa and Asia
- Capton Energy aims to invest in projects of 1GW in aggregate and boost the supply of clean, stable and affordable power in under-served markets
Siemens and Desert Technologies have
launched a joint venture to develop and invest in solar and smart infrastructure in Africa,
the Middle East and Asia, as
announced today at Expo 2020 Dubai. The venture, Capton Energy – which aims to build
up a portfolio of investments in projects with an aggregate capacity of more
than 1 gigawatts (GW) – will support projects providing clean, reliable, and affordable energy in areas that need it most.