- Siemens EcoTech empowers industry and infrastructure customers to make informed decisions, advancing progress against their sustainability targets
- Each product that achieves the Siemens EcoTech label has a detailed profile that provides industry-leading levels of transparency
- The new label enables direct comparison of product sustainability credentials to the market standard and predecessor products
Siemens today announces the launch of its
sustainability product label approach – Siemens EcoTech – setting a new
standard for transparency in the industry. Siemens EcoTech gives customers a
comprehensive insight into product performance across selected environmental
criteria. At launch, the Siemens EcoTech label covers a range of products from
across the Siemens portfolio for infrastructure and industrial applications.
The label will be gradually extended to cover additional, relevant Siemens
product families, which meet the stringent criteria.
Due to
impacts from the coronavirus pandemic and the geopolitical environment, as well
as broader macroeconomic effects of inflation, the food and beverage (F&B)
industry has been facing major challenges, which range from fractured supply
chains to inflation-induced higher prices. As a result, more and more companies
in the F&B industry are acknowledging the need to intensify their efforts in
embracing digital transformation. Regarding optimization, the F&B industry
is focused on two aspects: first, it aims to streamline processes for maximum
efficiency and enhance supply chain resilience. Second, it strives to achieve
sustainability goals. Yet, its ultimate priority is to remain competitive in
the market.
S&P
Global Ratings announced today that it has upgraded its long-term issuer rating
on Siemens AG to AA- from A+, the outlook remaining stable. According to
S&P Global Ratings, “Siemens AG continues to
successfully transform its industrial portfolio by focusing on high margin
businesses that have leading market positions and benefit from secular trends
like digitalization and decarbonization, while also divesting its lower margin
or more volatile businesses.”
For the past
15 years, the rating agency has maintained an A+ rating for Siemens AG.“The upgrade
in our rating underlines once again Siemens AG’s financial strength. We
are pleased that S&P Global Ratings has given fitting recognition
to our outstanding cash performance and strong operating results. Our AA- rating
puts us well ahead of our peers and is a pleasant privilege”, said Ralf P. Thomas,
Chief Financial Officer of Siemens AG.
Todd Weatherby
(58) has been appointed as Chief Executive Officer Siemens Advanta, leading the
professional services and consultancy business as of March 1, 2024. Todd has
held leadership roles in product management, business development and sales
with several technology companies including Oracle, Microsoft and Amazon. He
launched Amazon Web Services ProServe and led its impressive growth for a
decade from 2012.
Cedrik Neike, CEO Siemens Digital Industries
and the Member of the Managing Board responsible for Siemens Advanta, said;
“Todd has deep expertise in the professional services space within the tech
sector. As an experienced leader, he will support the continued growth of
Siemens Advanta. We welcome him to Siemens and look forward to supporting him
as he works to help our customers leverage the power of technology.”
- Progressive dividend policy with €0.45 increase over prior year
- High approval rates for all agenda items
At the Siemens AG Annual Shareholders’ Meeting that was held today, the shareholders decided by a large majority of 99.91 percent to approve
the Managing and Supervisory Boards’ proposal that a dividend of €4.70 per
share be distributed for fiscal 2023. As a result, Siemens has raised the
dividend €0.45 compared to the prior year and has continued to pursue its
progressive dividend policy in an impressive manner. In addition, the Annual
Shareholders’ Meeting voted by large majorities to ratify the acts of the
members of the Managing and Supervisory Boards for fiscal 2023. The number of
people following the Annual Shareholders’ Meeting worldwide peaked at more than 4,395. Around 147 questions were asked during
this year’s event, and about 64.38 percent
of the voting stock was represented.
- 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.
- Siemens one of few companies out of 21,000 to secure a place in the CDP Climate Change A List
- CDP rating recognizes Siemens’ strong approach in the area of climate change
In recognition
of its environmental leadership and comprehensive disclosure in the area of
climate change, Siemens has been included by the CDP on its annual Climate
Change A List, the highest possible performance ranking. CDP is a leading organization
evaluating corporate action on climate strategies. The non-profit assessed more
than 21,000 companies on the basis of data reported in its 2023 climate change
questionnaire. Siemens is one of the few companies to have received an “A” rating.
- Siemens and UL Solutions demonstrate a transformative shift from relying
solely on physical tests to reliable integrating digital simulations.
- Reduced costs, accelerated time-to-market and seamless integration of
digital modeling tools will redefine the future of verification.
- Siemens’ digital twin technology breaks through traditional testing
boundaries, serving as a testament to the industrial metaverse’s potential
for reshaping product development possibilities.
For the first time ever, an industrial product has been certified for the United States
after parts of the required tests were conducted through digital simulation. That
simulation was verified and validated with physical testing. This remarkable
achievement is a global first in a national safety-certification process. To make this
advance possible, Siemens collaborated with UL Solutions, an esteemed global
leader in applied safety science. The result is a testimony to the remarkable
accuracy and reliability of modern digital twin simulations. It marks a step forward
into a future in which digital twins and the industrial metaverse streamlines product
development, enhances innovation, safety and accelerates time-to-market.
Jim Hagemann Snabe, Chairman of the
Supervisory Board of Siemens AG, is recovering from a leg injury that will
prevent him from being physically present at this year’s annual shareholders’
meeting in Munich. As foreseen by the governance process in such cases, Second
Deputy Chairman Werner Brandt will be the Chair of the annual shareholders’
meeting on February 8, 2024.
"I regret that I won't be able to
exchange personally with our shareholders at this year’s annual shareholders’
meeting and I am grateful that Werner Brandt will fill in while I get back to
full strength", said Jim Hagemann Snabe.