We released our third quarter results for fiscal year 2024 on August 8, 2024. The Press Conference Call (08:00 a.m., CEST) and the Analyst Call (09:30 a.m., CEST) were broadcast live.
- Revenue rose 5 percent year-over-year on a comparable basis to €18.9 billion (Q3 2023: €18.1 billion)
- Orders in Q3 2024 reached €19.8 billion (Q3 2023: €23.5 billion), down 15 percent on a comparable basis vis-à-vis a very strong Q3 2023
- Profit Industrial Business increased 11 percent to €3.0 billion (Q3 2023: €2.7 billion)
- Net income climbed 48 percent to €2.1 billion (Q3 2023: €1.4 billion)
- Free cash flow all-in at Group level totaled €2.1 billion (Q3 2023: €3.0 billion)
- Outlook confirmed
Siemens continued
its profitable growth trajectory again in the third quarter.
Overall, the
company clearly increased its net income and profit margin and thus
demonstrated its financial strength once again. With a sustained large order
backlog, which totaled €113 billion in Q3, and a book-to-bill ratio greater
than 1, Siemens is optimally equipped for the future.
- Run MyVirtual Machine available for Sinumerik 828D
- Redesigned operating concept Sinumerik 828D MCP (Machine Control Panel)
- Better connectivity, greater sustainability, and higher cybersecurity
In
the spirit of its motto "Accelerate transformation for a sustainable
tomorrow," Siemens is presenting new hardware and software for the
Sinumerik 828D CNC controller at this year's AMB in Stuttgart. The Sinumerik
828D is specifically designed for the compact and mid-range machine market. The
new PPU271.5, PPU270.5, PPU290.5, and PU272.5 processor units and the
redesigned Sinumerik 828D MCP (Machine Control Panel) operating concept offer a
wide range of functions and options that increase the productivity, sustainability,
and efficiency of manufacturing processes.
- The Supervisory
Board of Siemens AG announced the expansion of the Managing Board
- Five-year contract extension of Cedrik Neike (51),
member of the Managing Board of Siemens AG and CEO of Digital Industries, from
June 1, 2025
- Peter Koerte (48)
appointed member of the Managing Board of Siemens AG and Chief Technology and Chief
Strategy Officer with responsibility for Siemens Xcelerator and Siemens
Advanta, effective October 1, 2024
- Veronika Bienert
(51) appointed member of the Managing Board of Siemens AG and CEO Siemens
Financial Services with responsibility for the service portfolio of Siemens
Real Estate and Global Business Services, effective October 1, 2024
- Proposal to extend Jim
Hagemann Snabe’s role as Chairman of the Supervisory Board of Siemens AG for
two years, from February 2025
The
Supervisory Board of Siemens AG today announced leadership appointments to
build on the company’s position of strength and accelerate value creation as a
leading technology company. The current Managing Board has led the company
through three record years of financial performance and strategic developments
to accelerate the digital and sustainability transformations of its customers.
- Annette Kraus to take the role of
Executive Vice President Social and Industrial Relations and People &
Organization (P&O) Germany
- Hanno Kunkel succeeds Annette Kraus
as Chief Compliance Officer, Head of the Compliance organization and Human
Rights Officer
Annette
Kraus (48) will take over an expanded role within the People & Organization
leadership team. Effective October 1, 2024, she will assume the role of
Executive Vice President Social and Industrial Relations and People &
Organization Germany, moving on from her role as Chief Compliance Officer for
Siemens AG.
- Use in Salzburg Festival’s Großes Festspielhaus to be first-time application
- Digital twin to enable audio-visual experience of digital event spaces
- Software to simulate acoustics, orchestral formations and concert hall configurations
Siemens has developed a digital twin especially for large event spaces. The technology makes it possible to realistically reproduce and simulate very precisely a building’s acoustics and structure. The Sound of Science application will be used for the first time in the Großes Festspielhaus – the Large Festival Hall – at the Salzburg Festival. Sound of Science will enable event organizers to virtually explore how acoustics change in different spatial configurations – for example, how adding acoustic panels affects the listening experience – in order to select the optimal acoustic scenario. Orchestral formations on the stage can also be tested and arranged in advance – before a single note is heard in the real world. This approach saves money, resources and time.
Zermatt is a truly unique destination nestled in the Swiss Alps. The town is primarily renowned for its iconic Matterhorn Mountain, which stands at 4,478 meters and is one of the highest and most recognizable peaks in the Alps. Zermatt’s landscape includes 38 peaks over 4,000 meters. With around 2.5 million overnight stays recorded in 2023, Zermatt is one of the most popular tourist destinations in Switzerland. However, due to the town’s remote location and rugged terrain, Zermatt faces specific challenges. These include the need for reliable and sustainable infrastructure and the management of natural risks, such as avalanches and extreme weather events, which can disrupt infrastructure and pose safety concerns. These factors, combined with the altitude difference, oxygen-deficient air, and steep terrain, underscore the need for innovative solutions. For decades, together with its innovative customers, Siemens has been developing technological solutions to meet these challenges.