We have released our second quarter results for fiscal year 2023 on May 17, 2023. The Press Conference Call and the Analyst Call have been broadcast live.
- Several records in Q2 2023, including impressive margin increases and all-time highs in profit for Digital Industries and Smart Infrastructure, as well as another record order backlog
- At €23.6 billion, orders reached a very high level (Q2 2022: €21.0 billion)
- Revenue rose 15 percent on a comparable basis to €19.4 billion(Q2 2022: €17.0 billion)
- Profit Industrial Business surged 47 percent to €2.6 billion (Q2 2022: €1.8 billion)
- Net income nearly tripled to €3.6 billion (Q2 2022: €1.2 billion)
- Excellent free cash flow all-in at Group level totaled €2.3 billion (Q2 2022: €1.3 billion)
- Outlook for revenue growth and earnings per share pre PPA effects raised again
Siemens continued
its strong growth momentum also in Q2 2023 (ended March 31, 2023). The
quarter was characterized by very strong order intake, outstanding revenue
growth driven by substantial increases at Digital Industries, Smart
Infrastructure and Mobility, and higher Profit Industrial Business, including
sharp increases at Smart Infrastructure and Digital Industries, which both
achieved their highest-ever quarterly profit. Following the strong first half of fiscal 2023, Siemens
is again raising its outlook for the fiscal year.
- Together for Sustainability – an initiative of 47 chemical companies – chooses Siemens’ “Sigreen” solution for digital exchange of Product Carbon Footprint (PCF) data
- Pilot project aims to demonstrate the scalability of PCF data exchange across an entire industry
- Chemical industry is a pioneer in product-related environmental data
Together for Sustainability (TfS) and Siemens are announcing a partnership on decarbonization to advance the overall sustainability of the chemical industry. TfS is a global initiative to promote sustainability in the chemical industry’s supply chain, consisting of 47 international companies, including some of the largest chemical groups. Siemens, a leading technology company and supplier of automation and industrial software, will leverage the power of its Sigreen solution, a tool to track and manage product carbon footprint (PCF) and part of the Siemens Xcelerator portfolio.
- Siemens Arts Program engaging for first time in Alexandria, Egypt, with a production of Mozart’s opera “Don Giovanni”
- German-Egyptian education project set to provide fresh momentum for opera tradition in Alexandria
- Don Giovanni premiering at Bibliotheca Alexandrina on May 18, 2023
Siemens
intends to further expand its cultural commitment in Egypt and is supporting an
exceptional opera production in Alexandria for the first time. Together with
the German cultural institution Goethe-Institut, the Egyptian conductor Nayer Nagui
and the Bibliotheca Alexandrina library, the Siemens Arts Program is making the
Egyptian premiere of Mozart’s “Don Giovanni” possible. The performance will
take place at the Bibliotheca Alexandrina at 7 p.m.
on Thursday, May 18, 2023.
- World premiere of “Industrial Operations X” for highly flexible industrial processes; plus new use cases with “Building X” – a scalable digital platform for buildings
- Offerings part of Siemens Xcelerator – an open, digital business platform
- German Chancellor Olaf Scholz to visit Siemens’ booth, D53 in Hall 9
Strained
supply chains, geopolitical uncertainties, skilled-labor shortages and climate
change are increasing the pressure to digitalize and automate value chains –
always with the aim of becoming faster, more adaptable and more resilient. For
this reason, Siemens will use “Accelerate Transformation” as its motto for
Hannover Messe 2023, where it will be showcasing how new offerings from its open,
digital business platform, Siemens Xcelerator, enable customers’ digital
transformation in industry and infrastructure faster and at scale. Using the
concrete example of an industrial plant for battery production, Siemens will
show how to rapidly transform production facilities to enable manufacturing
operations that are digital from end to end. In addition, the Siemens Digital
Experience Platform enables virtual visits to the Siemens booth – which, at a
total of 2,800 square meters, is Hannover Messe’s largest.
In the
context of regular assessments at the end of the second quarter of fiscal 2023,
Siemens AG announces an impairment reversal of its investment in Siemens Energy
AG (SE) which will increase the investment book value. Siemens Energy AG's
Xetra closing share price of €20.24 on March 31, 2023, is significantly higher
than the closing share price of €13.99 on June 30, 2022, when Siemens reported
an impairment of the Siemens Energy AG investment. This results in an
impairment reversal, at the end of second quarter of fiscal 2023 ending today,
with a non-cash income effect after tax of €1.59 billion not part of the
outlook for the current fiscal year.
Financial results for the second quarter are scheduled to be published
on May 17, 2023.
- Research report explores how
the Industrial Metaverse will help businesses and economies become more
efficient, resilient, and sustainable.
- Report points out how
decision-makers can enable the Industrial Metaverse and harness its potential.
- Industrial Metaverse market is
estimated to increase nearly 10 times by 2030, according to ABI Research.
- Siemens Xcelerator digital
business platform will play a crucial role in leveraging the potential of the Industrial
Metaverse.
Siemens and
MIT Technology Review have embarked on collaborative research to explore the development
and opportunities of the rapidly developing Industrial Metaverse. The result of
this collaboration is a comprehensive report about the potential of The
Emergent Industrial Metaverse, which compiles the most recent research in
the field and includes interviews with leading technologists, industry
analysts, business leaders, and researchers. It is available free of charge as
of March 29 (link: https://sie.ag/MITIMV).
MIT Technology Review together with Michael Grieves, Executive Director of the
Digital Twin Institute, and Peter Körte, Chief Technology Officer and Chief Strategy
Officer of Siemens will bring these scenarios to the virtual stage on March 30
during a live-streamed webcast (link: https://www.linkedin.com/events/7044023667751571456).
A recording will be available afterwards.
- Siemens ranks as No. 1 German
company, and No. 6 overall, in European Patent Office’s patent rankings
- Twenty-one inventions per working day
in fiscal 2022
- Number of patent applications from
Siemens remains steady despite external challenges
- Growth areas contribute to Siemens
Xcelerator and provide solutions for digital transformation
Siemens filed precisely 1,735 patent applications with the European Patent Office in 2022 – more than any other company in Germany. This figure puts Siemens in sixth place in the patent-application rankings. The inventors who work at Siemens lay the foundation for progress and generate long-term benefits for customers and society.
- More than 200 candidates from six continents
- Conducting competition prize includes position of Assistant Conductor to Sir Mark Elder CH CBE, the Hallé Orchestra's Music Director, and directorship of the Hallé Youth Orchestra
- Final was held as a public event for the first time in Manchester's Bridgewater Hall in the UK
Euan Shields from the U.S. has won the Siemens Hallé
International Conductors Competition 2023. The 24-year-old emerging conductor demonstrated
his talent to the seven-strong jury at yesterday’s final held at the
Bridgewater Hall in Manchester, United Kingdom. At the three-day competition, Shields
came out on top among a pool of more than 200 conductors from six continents.
The international conducting competition sponsored by Siemens and the Hallé
Orchestra took place for the first time in 2020 and was held for the second
time in March 2023.