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.
- 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.
We released our second quarter results for fiscal year 2024. The Press Conference Call and the Analyst Call were broadcast live.
- 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.
- Depot to be expanded to 87,550 m²
- New capacity for meeting growing demand
- 100% system availability thanks to digitalized depot operation
- Creation of attractive jobs in the region
- Up to 250 employees at the location in 2026
Siemens Mobility is investing approximately €150 million to expand its service depot in
Dortmund-Eving to 87,550 m² to meet the growing demand for rail services.
Plans call for constructing an additional 12,300 m² service hall
with storage facility, offices, and workshops to handle the maintenance of
trains up to 400 meters long. Construction
of the new building is scheduled to begin in 2024 and be completed by 2026. The
Siemens Mobility depot in Dortmund previously had a total area of
70,000 m² and will cover 157,550 m² when the project is
completed.
Today,
Brightline announced that Siemens Mobility (Siemens) has been designated the
“preferred bidder” to build train sets for the Brightline West high-speed rail
project that will connect Las Vegas and Southern California. The contract will
include a fleet of ten “American Pioneer 220” (AP 220) train sets to be
manufactured, delivered to Nevada and tested to support Brightline West’s
timeline of initiating service in 2028.