- 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.
- BASF, BMW Group, Henkel, Mercedes-Benz, SAP, Schaeffler, Siemens, T-Systems, Volkswagen and ZF jointly founded Cofinity-X to accelerate the operation and adoption of Catena-X use-cases throughout the automotive industry.
- Cofinity-X aims to operate an open marketplace for applications and provide products and services to enable the efficient and secure exchange of data between all participants of the ecosystem initially focusing on the European market.
- Cofinity-X will help to make important progress with the operationalization and build-up of end-to-end data-chains to trace material flows throughout the entire value chain.
- Basis for the operation will be the trusted Catena-X and Gaia-X principles ensuring full data sovereignty for data sharing parties in an open, trusted, collaborative, and secure environment.
With the
foundation of Cofinity-X the shareholders BASF, BMW Group, Henkel,
Mercedes-Benz, SAP, Schaeffler, Siemens, T-Systems, Volkswagen and ZF initiate
the next step in Europe to foster theCatena-Xinitiative. Cofinity-X strives
to be one of the first operating companies which aims to provide products and
services for the secure exchange of data throughout the entire automotive value
chain.
- Orders in fiscal 2023 rose 7 percent on a comparable basis to €92.3 billion (fiscal 2022: €89.0 billion)
- Revenue in fiscal 2023 grew 11 percent on a comparable basis to €77.8 billion (fiscal 2022: €72.0 billion)
- New record highs: Profit Industrial Business of €11.4 billion (fiscal 2022: €10.3 billion); profit margin Industrial Business climbed to 15.4 percent (fiscal 2022: 15.1 percent)
- Free cash flow for Siemens Group at record level of €10.0 billion (fiscal 2022: €8.2 billion)
- Net income nearly doubled to historic high of €8.5 billion (fiscal 2022: €4.4 billion)
- Increased dividend of €4.70 per share proposed (fiscal 2022: €4.25)
- Innomotics: Preparation of standalone options to be initiated
- Outlook for fiscal 2024: Siemens expects revenue growth of 4 percent to 8 percent on a comparable basis and basic earnings per share before purchase price allocation accounting, excluding the Siemens Energy Investment, of between €10.40 and €11.00
Siemens successfully
continued its profitable growth trajectory and set multiple new records in
fiscal 2023 (ended September 30, 2023). In a historic, record-breaking
performance by Siemens’ operating business, revenue for the full year rose 11 percent
on a comparable basis – excluding currency translation and portfolio effects – to
the upper end of the company’s raised guidance (9 percent to 11 percent).
The profit and profitability of the Industrial Business reached new record
levels as did net income. Shareholders are also to benefit
from the company’s outstanding performance. The Supervisory Board and Managing
Board propose increasing the dividend from €4.25 in fiscal 2022 to €4.70 a share.
- #HeartBeatFinal: For the last FC
Bayern Munich game of the 2020/21 season, we’re asking fans to measure their
heart rate during the match
- #WeKickCorona: Every measured
heartbeat will support social services
- #FCBayernPulse: This data project
from Siemens and FC Bayern Munich calculates match intensity based on heart
rates and various match data
The #HeartBeatFinal
Bundesliga match between FC Bayern Munich and FC Augsburg on May 22, 2021 is all
about a good cause – and about the heartbeat of Bayern fans. They will be measuring
their heart rates during the game for #FCBayernPulse, a joint data project from
Siemens and FC Bayern Munich. Siemens will donate1 euro cent per measured
heartbeat to #WeKickCorona: The initiative was founded by Bayern professionals
Joshua Kimmich and Leon Goretzka to help social institutions that are in
financial difficulties due to the Corona pandemic.
- 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.
- Creating maximum customer impact by uniquely combining the real and digital worlds
- Focus on sustainability with ambitious “DEGREE” framework
- Updated Financial Framework with new financial targets for accelerated, high-value growth
- Comparable annual revenue growth of 5 percent to 7 percent over the business cycle (previously: 4 percent to 5 percent)
- Annual increase in earnings per share before purchase price allocations (EPS pre PPA) in high-single-digit percentage range
- Progressive dividend policy; new share buyback program of up to €3 billion – to begin in fiscal 2022 and run until 2026
- Outlook Fiscal 2021: Net income
continues to be expected in the range of €5.7 billion to €6.2 billion, however
now including the previously announced burdens in connection with the
acquisition of Varian
As part of its virtual
Capital Market Day entitled “Accelerating High Value
Growth,” Siemens AG is presenting its new growth strategy today. This strategy
is also reflected in ambitious new
Financial Framework targets, and it includes a comprehensive sustainability agenda.
The sale of Siemens
Commercial Vehicles business to Meritor closed successfully on November 30.
In May 2022, Siemens had announced the contract signing to sell Commercial
Vehicles business to Meritor, Inc. for a purchase price of around €190 million
(Enterprise Value).
- Siemens and Foxconn sign memorandum of understanding (MoU) highlighting joint commitment to sustainability
- Cooperation to define standards for the factory of the future and manufacturing processes
- Innovations to positively impact information and communications technology and electric vehicle production ecosystems
- Siemens Xcelerator portfolio to optimize Foxconn's operations for efficiency and agility
Siemens AG, a leading
technology company, and Hon Hai Technology Group (Foxconn), the
world's largest electronics manufacturer, have signed a memorandum of
understanding (MoU) to drive digital transformation and sustainability in smart
manufacturing platforms.
Siemens AG intends to be a leading participant in the dynamic growth of cities and infrastructure investments. To achieve this, the company is founding a fourth Sector – Infrastructure & Cities – that will be comprised of selected businesses from the Industry and Energy Sectors. In the future, the Industry Sector will concentrate exclusively on industry customers and reinforce its industry and service business. “We are orienting Siemens toward technology leadership in a broad spectrum of energy-efficient solutions for cities and industries. With this move, we intend to top the €100-billion mark in business volume in the next few years,” said Siemens President and CEO Peter Löscher. In addition, Siemens is planning an initial public offering (IPO) for its subsidiary Osram in the fall of 2011. This step will give Osram full entrepreneurial freedom to secure and further expand its leading position in a lighting market being swept by technological change. The Supervisory Board of Siemens AG gave its approval for the IPO at an extraordinary meeting on March 28.
- Siemens Advanta expands its footprint in the United Kingdom
- Vendigital is a leading UK-based Operations Consultancy
- Complementary capabilities to add value for Siemens’ clients
Siemens has acquired the UK-based consulting company Vendigital, which will
become part of Siemens Advanta, the professional services business
unit of Siemens. The transaction was signed
and closed on December 22, 2022.