- 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.
- 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.
- 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.
- New AI-based apps for more efficient operation of water infrastructures available on the Siemens Xcelerator marketplace
- Easy integration into existing infrastructure without specialist knowledge
- Siemens to showcase its digitalization and automation portfolio for more sustainability in the water sector at IFAT 2024
Siemens, a leading technology company, has expanded its software portfolio for the water industry, enabling its customers to optimize their plant operations using artificial intelligence - without the need for technical expertise. These self-service solutions enable users to address the most pressing issues in water and wastewater operations: reducing water loss, preventing pollution from sewers, and ensuring the reliability of treatment assets. The effect of these applications is also a contribution to greater sustainability overall, as the world's water resources can be better protected. "Digital technologies have not yet been widely adopted in the water sector so far," says Anja Eimer, General Manager Global Water Business at Siemens. "The existing OT and IT device landscape of is complex, skilled workers are in short supply, and the business benefits of many digital applications have often been unclear. With our new software offerings, we are adressing these conditions and enabling water companies to perform AI-based operational analyses."
- Workstation provides with software-defined automation unprecedented control over factory automation and security
- At Automate 2024, Siemens highlights how co-creator Ford Motor Company will be the first customer to deploy and scale this technology in its manufacturing operations
Siemens, a leading
technology company, today announced a breakthrough in the longstanding
challenge of closely managing numerous hardware control points throughout the
factory. The solution is the new Siemens Simatic Automation
Workstation, which allows manufacturers to replace a hardware PLC, a
conventional HMI and an edge device with a single, software-based workstation.
This ushers in Information Technology (IT) workflows to Operational Technology
(OT) environments.
- The Fraunhofer-Gesellschaft commissions a research factory for battery cells with a capacity of up to 200 MWh in Münster, Germany
- Testing, implementation, and optimization of near-series production under real conditions of battery cells – for the automotive industry, among others
- Siemens is a production and building technology partner in this ecosystem
According to a study by
the Fraunhofer Institute for Systems and Innovation Research [Fraunhofer ISI],
battery production capacity in Europe alone will quadruple by 2025 from 124
gigawatt hours in 2022 to over 500 gigawatt hours. By 2030, this figure is expected
to increase tenfold to up to 1.5 terawatt hours.
- Siemens makes automation easy with the first generative AI-powered product for engineering in an industrial environment
- Siemens Industrial Copilot accelerates the generation of complex automation code, reduces development times, and increases productivity
- TIA Portal connection offers customers SCL code generation, customization of HMI visualization, and document search in natural language
- Available for download from the Siemens Xcelerator marketplace starting in summer 2024
At Hannover Messe 2024, Siemens presents the first generative artificial intelligence (AI) product for engineering in an industrial environment. The Siemens Industrial Copilot, the generative AI-powered assistant, is now seamlessly connected to the Totally Integrated Automation (TIA) Portal. This will enable engineering teams to find the right help topic and to generate a basic visualization and code faster for programmable logic controllers (PLC). As a result, they will be able to significantly reduce their workload and offload repetitive tasks to the Siemens Industrial Copilot. In addition, the engineering of complex tasks will become less susceptible to errors. This in turn reduces development times and boosts quality and productivity over the long term. The Siemens Industrial Copilot for TIA Portal Engineering will be available for download from the Siemens Xcelerator marketplace starting in summer 2024.
-
Generative
AI for industries: Siemens Industrial Copilot to be available on the Siemens Xcelerator Marketplace this summer
- Siemens and Schaeffler to sign memorandum of understanding to expand work to integrate Siemens Industrial Copilot into all areas of industry
- Live on stage: Siemens and NVIDIA show how they enable the industrial metaverse together
- World premiere of “Electrification X” for a wide range of IoT software-as-a-service offerings for transforming electrification infrastructure
- German Chancellor Olaf Scholz to be among high-ranking visitors at Hannover Messe’s largest booth
The industrial sector
is in need of digital transformation toward greater sustainability and resilience.
Value creation and actions for the planet must be brought into balance. Companies
need to do more with fewer resources. At Hannover Messe, Siemens will show how
proven, cutting-edge technology and strong partnerships enable industries to
become both more sustainable and more competitive. Visitors at Booth D53 in
Hall 9 will experience showcases featuring core technologies for digital and
sustainable transformation in the automotive, food, chemicals and
semiconductors industries.