- Siemens provides sustainable heating, cooling and ventilation solutions and thus, supports partners and customers in the decarbonization of buildings
- One of the highlights will include an energy efficient magnetic expansion valve, with which OEMs can gain up to 21% more heating capacity
- Also being showcased is a heat pump automation system as part of Siemens Xcelerator
At this year's Mostra Convegno Expocomfort (MCE) trade show, Siemens Smart Infrastructure will present a broad range of innovative and sustainable products, systems, and solutions for Original Equipment Manufacturers (OEM) and installers to accelerate the decarbonization of real-estate. The global marketplace and event, that takes place from March 12 to 15 in Milan, Italy, brings together companies and industry experts from the heating, ventilation, air conditioning and refrigeration (HVACR), renewable energy sources and energy efficiency fields.
- Siemens commissioned a study of 100 decision makers from the US and Canadian utility industry to understand how they are adapting to the surge in distributed energy resources (DERs)
- Findings indicate that limited visibility and understanding of DER behavior creates operational challenges and impacts grid performance
- Solutions such as distributed energy resource management systems (DERMS) exist, but data shows adoption to be slow
Siemens has released key insights into
how electric utilities in the United States and Canada are managing the rapid
adoption of behind the meter distributed energy resources (DERs) in its new
report “Seeing behind the meter: How electric utilities are adapting to the
surge in distributed energy resources.”
- Siemens has supplied 200 VersiCharge wallboxes and an intelligent charging management system to the Portuguese Infinity building
- The contract includes SICAM Dynamic Load Management, a solution to use grid capacity in an efficient way
- Hardware and software are part of Siemens Xcelerator, an open digital business platform that enables customers to accelerate their digital transformation
Siemens Smart Infrastructure has supplied and installed 200 VersiCharge wallboxes and an intelligent charging management
system to the Infinity building, one of the tallest residential sites in
Lisbon, Portugal.
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.”
Siemens held its virtual Annual Shareholders' Meeting on February 8, 2024.
Here you can find the opening speeches by the Chair of the Annual Shareholders’ Meeting Werner Brandt, Second
Deputy Chairman of the Supervisory Board, and of Roland Busch, CEO.
We released our first quarter results for fiscal year 2024. The Press Conference Call and the Analyst Call were be broadcast live.
- 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.
- 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.