Frankfurt am Main, June 10 to April 14, 2024
Under
the motto 'Be digital. Be resilient. Be sustainable.", Siemens will be
presenting at ACHEMA 2024 from June 10 to 14 in Frankfurt how the combination
of digital technologies and sustainable solutions is advancing the process
industry. Visit us in Hall 11.0 and experience technological innovations and sustainable
solutions for the chemical, pharmaceutical and hydrogen industries.
Visit us at ACHEMA 2024 in Frankfurt am Main, June 10
to 14, hall 11.0.
Hybrid press event
We wamly invite you to
our hybrid Siemens press conference on June 10. Axel Lorenz, CEO Process
Automation at Siemens AG, will present
current business cases as well as new products and technologies for more
sustainable production in the process industry.
Date: June 11, 2024
Location: Frankfurt am Main, Trade Fair
Where: Siemens booth Hall 11.0
Hybrid press conference
and Q&A: 5:00 - 6:00 p.m. (participation
on site + livestream)
Participation in the
press conference is possible both on-site at our booth and digitally via
livestream.
Please click on the
button to register. We are looking forward to seeing you!
- 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.
We released our second quarter results for fiscal year 2024. The Press Conference Call and the Analyst Call were broadcast live.
- 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.
-
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.
- More than €100 million investment for new Siemens Technology Center in
Garching strengthens cutting-edge research and bolsters Germany’sinnovation strength
- Open research and innovation ecosystem fosters collaboration with the
Technical University of Munich (TUM), international research institutes and
leading companies
- Building complex meets the highest sustainability standards
- Focus on industrial artificial intelligence research supports Siemens’
leading position
Today, Siemens has opened the first building complex of the Siemens Technology
Center (STC) at Garching Research Campus, north of Munich, Germany. In addition
to Siemens, other institutions next to the Technical University of Munich (TUM),
such as the Max Planck Institute and SAP, are located there, with around 28,000
people working at this hub. As a result, the Garching Research Campus is one of
the largest centers for science, research and teaching in all of Europe.