We released our first quarter results for fiscal year 2024. The Press Conference Call and the Analyst Call were be broadcast live.
- 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.
- 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.
- Siemens one of few companies out of 21,000 to secure a place in the CDP Climate Change A List
- CDP rating recognizes Siemens’ strong approach in the area of climate change
In recognition
of its environmental leadership and comprehensive disclosure in the area of
climate change, Siemens has been included by the CDP on its annual Climate
Change A List, the highest possible performance ranking. CDP is a leading organization
evaluating corporate action on climate strategies. The non-profit assessed more
than 21,000 companies on the basis of data reported in its 2023 climate change
questionnaire. Siemens is one of the few companies to have received an “A” rating.
- Siemens and UL Solutions demonstrate a transformative shift from relying
solely on physical tests to reliable integrating digital simulations.
- Reduced costs, accelerated time-to-market and seamless integration of
digital modeling tools will redefine the future of verification.
- Siemens’ digital twin technology breaks through traditional testing
boundaries, serving as a testament to the industrial metaverse’s potential
for reshaping product development possibilities.
For the first time ever, an industrial product has been certified for the United States
after parts of the required tests were conducted through digital simulation. That
simulation was verified and validated with physical testing. This remarkable
achievement is a global first in a national safety-certification process. To make this
advance possible, Siemens collaborated with UL Solutions, an esteemed global
leader in applied safety science. The result is a testimony to the remarkable
accuracy and reliability of modern digital twin simulations. It marks a step forward
into a future in which digital twins and the industrial metaverse streamlines product
development, enhances innovation, safety and accelerates time-to-market.
Jim Hagemann Snabe, Chairman of the
Supervisory Board of Siemens AG, is recovering from a leg injury that will
prevent him from being physically present at this year’s annual shareholders’
meeting in Munich. As foreseen by the governance process in such cases, Second
Deputy Chairman Werner Brandt will be the Chair of the annual shareholders’
meeting on February 8, 2024.
"I regret that I won't be able to
exchange personally with our shareholders at this year’s annual shareholders’
meeting and I am grateful that Werner Brandt will fill in while I get back to
full strength", said Jim Hagemann Snabe.
First call for 70 trains from the 2023
framework agreement
Order worth more than €800 million
Consistent development of the Mireo
platform
Austrian Federal Railways (ÖBB) has ordered the first 70
trains from the framework agreement won by Siemens Mobility at the end of
summer 2023. The trains will be delivered in three different versions from late
2027 onwards. The trains are a further development of the in Europe successfully
established and proven Mireo electric multiple-units. Designed to operate at
speeds up to 160 km/h, the Mireos offer numerous amenities for passengers,
including air conditioning, WiFi service, barrier-free access, electrical plugs,
racks for skis and snowboards, capacity for buggies and wheelchairs near the
doors as well as space for bicycles. The cars will be wider than on previous
Mireos trains to further enhance the passenger experience of ÖBB customers.
And, for the first time, Siemens Mobility is designing the new trains with
inner bearing bogies as a single car concept.
Today, Siemens
Mobility – in partnership with RATP and d’Île-de-France Mobilités – announced
completion of the full automation of Paris Metro Line 4, which is now operated
exclusively using automatic driverless trains. Following a period of mixed
operation during which driver-operated trains ran alongside the automatic
trains, full automation of Line 4 is now a reality. As a leader in the
design and implementation of automated metro systems, Siemens Mobility was
chosen by RATP at the end of 2015 to automate Line 4, three years after the
successful project to automate Line 1 at the end of 2012. With 700,000
passenger each day, Line 4 is the French capital’s second busiest metro line.
Opened in 1908, the route now has 29 stations spread over 14 kilometers.
Siemens Mobility and Finnish rolling stock owner company Pääkaupunkiseudun Junakalusto Oy have agreed to test the European Train Control System ETCS in Finland. It is part of the Finnish DigiRail
project and is funded by the Finnish Transport Infrastructure Agency
(Väylävirasto).The contract includes equipping two multiple-unit trainsets with
Trainguard OBU and ATO. This marks the first time that ETCS will be tested in
the Scandinavian country in accordance with the latest standard set in the
applicable European technical specification TSI 2023.