- At €19.2 billion on a comparable basis, revenue was nearly unchanged year-over-year (Q2 2023: €19.4 billion)
- Orders in Q2 2024 reached €20.5 billion (Q2 2023: €23.6 billion), a decline of 12 percent on a comparable basis
- At €2.5 billion, Profit Industrial Business was close to the prior-year level (Q2 2023: €2.6 billion)
- Net income totaled €2.2 billion (Q2 2023: €3.6 billion); net income in Q2 2023 benefited from a tax-free gain of €1.6 billion from the partial reversal of an impairment of Siemens’ stake in Siemens Energy AG
- Free cash flow all-in at Group level was €1.3 billion (Q2 2023: €2.3 billion)
- Outlook at Group level confirmed
Siemens delivered solid performance in the second quarter, successfully meeting the high demand for digitalization and sustainability technology. Notably, the industrial software business showed strong growth with particularly high demand in the semiconductor industry. Demand from customers for the construction of data centers also showed strong momentum. Currently muted demand in the short-cycle automation business at Digital Industries, particularly in China and Europe, was largely offset by strong revenue development at Smart Infrastructure and Mobility. In addition, Siemens took a key step in focusing its portfolio with the sale of Innomotics to KPS Capital Partners for €3.5 billion.
At FC Bayern
Munich’s season finale against FC Augsburg on May 22, Siemens, FC Bayern and
the #WeKickCorona initiative launched a donation campaign with the slogan: #HeartBeatFinal.
The Bayern fans were asked to measure their heartrate during the match using activity
trackers – and make the data available for #FCBayernPulse, a Siemens and FC Bayern
project. Siemens will donate €0.01 per measured heartbeat to #WeKickCorona, an
initiative that supports social institutions. 936,318 heartbeats were measured
during Bayern’s 5-2 win. Siemens will duplicate the achieved donation amount of
€9.363,18 to €18.800.
- Siemens Xcelerator comprises a curated portfolio, a growing partner ecosystem and an evolving marketplace to speed up value creation across industry, buildings, grids and mobility
- Curated portfolio of IoT-enabled hardware, software and digital services following key design principles of interoperability, flexibility, openness and as-a-service
- Launch of new Building X end-to-end smart building Software-as-a-Service (SaaS) suite
- Planned acquisition of Brightly Software will accelerate growth in digital buildings complementing Siemens’ smart building portfolio
- Partner ecosystem grows through industrial metaverse partnership with NVIDIA for physics-based, immersive digital twin development
- Reaffirms Siemens’ ten percent compound annual growth targets for digital business
Siemens AG
has launched an open digital business platform, Siemens Xcelerator, to
accelerate digital transformation and value creation for customers of all sizes
in industry, buildings, grids and mobility. The business platform makes digital
transformation easier, faster and scalable. Siemens Xcelerator includes a
curated portfolio of internet of things (IoT) enabled hardware, software and
digital services from across Siemens and certified third parties; a growing
ecosystem of partners; and an evolving marketplace to facilitate interactions
and transactions between customers, partners and developers.
- Heliox expands Siemens eMobility’s offering for the growing eBus and eTruck charging market, and for depot and fleet solutions
- Accelerates value creation in Siemens’ fast-growing eMobility business
- Adds attractive digitalization and software potential
Siemens AG
has signed an agreement to acquire Heliox, a Netherlands-based technology
leader in fast charging solutions, serving e-Bus and e-Truck fleets and
passenger vehicles. The acquisition will complement Siemens’ existing eMobility
charging portfolio, adding products and solutions for DC fastcharging focused
on eBus and eTruck fleets. Heliox’s portfolio will also extend Siemens’ market reach,
primarily in Europe and North America, while improving capabilities in power electronics.
The transaction is subject to customary regulatory approval.
- Innomotics to be sold to KPS Capital Partners
for €3.5 billion
- Innomotics is a global leader in electrical motor and large-drive
business with €3.3 billion in revenue and employs approximately
15,000 people
- Future setup offers the Innomotics business the
best framework conditions for sustainable and growth-oriented development
- Transaction expected to close in first half of
fiscal 2025
- Another step for Siemens in focusing its
portfolio
The Managing Board and
Supervisory Board of Siemens AG have approved the sale of Innomotics – a
world-leading electric motors and large drives company – to KPS Capital
Partners, LP (“KPS”). The contracting parties have signed a corresponding
agreement. The purchase price (enterprise value) is €3.5 billion. The sale to
KPS is expected to close in the first half of fiscal 2025 and is subject to customary
foreign-investment and merger control approvals.
- World premiere of “Industrial Operations X” for highly flexible industrial processes; plus new use cases with “Building X” – a scalable digital platform for buildings
- Offerings part of Siemens Xcelerator – an open, digital business platform
- German Chancellor Olaf Scholz to visit Siemens’ booth, D53 in Hall 9
Strained
supply chains, geopolitical uncertainties, skilled-labor shortages and climate
change are increasing the pressure to digitalize and automate value chains –
always with the aim of becoming faster, more adaptable and more resilient. For
this reason, Siemens will use “Accelerate Transformation” as its motto for
Hannover Messe 2023, where it will be showcasing how new offerings from its open,
digital business platform, Siemens Xcelerator, enable customers’ digital
transformation in industry and infrastructure faster and at scale. Using the
concrete example of an industrial plant for battery production, Siemens will
show how to rapidly transform production facilities to enable manufacturing
operations that are digital from end to end. In addition, the Siemens Digital
Experience Platform enables virtual visits to the Siemens booth – which, at a
total of 2,800 square meters, is Hannover Messe’s largest.
- Orders in Q1 2024 reached €22.3 billion (Q1 2023: €22.6 billion); an increase
of 2 percent on a comparable basis
- Revenue rose 6 percent on a comparable basis to €18.4 billion (Q1 2023:
€18.1 billion)
- Profit Industrial Business totaled €2.7 billion (Q1 2023: €2.7 billion); profit
margin Industrial Business increased to 15.8 percent (Q1 2023: 15.7
percent)
- Free cash flow at Group level rose sharply year-over-year to €1.0 billion
(Q1 2023: €0.1 billion)
- Net income climbed 56 percent to €2.5 billion (Q1 2023: €1.6 billion)
- Outlook for fiscal 2024 confirmed
- Virtual Annual Shareholders’ Meeting to vote on dividend proposal of €4.70
per share for fiscal 2023 (fiscal 2022: €4.25)
Siemens made a successful start to fiscal 2024 with a strong performance in the first quarter (ended December 31, 2023). At €2.7 billion, Profit Industrial Business increased at nearly all industrial businesses to reach a record high for the first quarter of a fiscal year. On this basis, Siemens confirms its outlook for the current fiscal year 2024. As announced in November 2023, the company is also initiating a new share buyback program in the near term with a volume of up to €6 billion over a period of up to five years.
Christian Oecking (48) is now Managing Director and Chairman of the Management Board of SIS. Martin Bentler (49), Rainer Koppitz (42) and Thomas Zimmermann (42) continue as members of the Management Board of the IT service provider.
- Orders climbed to €22.0 billion (Q3 2021: €20.5 billion), with substantial growth at Digital Industries and Smart Infrastructure
- Since start of fiscal year, orders grew 20 percent on a comparable basis to €67.2 billion (Q1-Q3 2021: €52.3 billion)
- In Q3, revenue increased by 4 percent on a comparable basis to €17.9 billion (Q3 2021: €16.1 billion)
- Profit Industrial Business surged 27 percent to €2.9 billion (Q3 2021: €2.3 billion)
- Net loss of €1.5 billion (Q3 2021: net income of €1.5 billion) impacted by €2.7 billion impairment of stake in Siemens Energy
- Outstanding Free cash flow at Group level of €2.3 billion
- Outlook adjusted only due to impairment of Siemens Energy stake
Siemens made
significant progress as a focused technology company in the third quarter
(ended June 30, 2022). The company leveraged growth opportunities in
many key markets despite a continuing complex macroeconomic environment influenced
by economic sanctions on Russia, high inflation and effects associated with the
coronavirus pandemic. In addition, Siemens continued to avoid larger
disruptions due to supply chain risks associated with electronics components,
raw materials and logistics.