- 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.
- Enhancing proven machine learning capabilities with generative AI creates a robust, comprehensive predictive maintenance solution that leverages the strengths of both.
- Using a conversational user interface, manufacturers can take proactive actions easily, saving both time and resources.
- New generative AI functionality in Senseye Predictive Maintenance makes predictive maintenance conversational.
Siemens is releasing a new generative
artificial intelligence (AI) functionality into its predictive maintenance
solution – Senseye Predictive Maintenance. This advance makes predictive
maintenance more conversational and intuitive. Through this new release of
Senseye Predictive Maintenance with generative AI functionality, Siemens will
make human-machine interactions and predictive maintenance faster and more
efficient by enhancing proven machine learning capabilities with generative AI.
- Leading electric two-wheel scooter brand expands adoption of software from the Siemens Xcelerator portfolio to help reduce design iterations, cycle times and explore the future of sustainable electric mobility solutions for the Indian market
- Expanded adoption of Product Lifecycle Management (PLM) solutions from Siemens Xcelerator now includes product engineering, virtual simulation and physical test for all existing and new vehicle platforms
Siemens Digital
Industries Software announced today that Ather Energy, one of India’s
foremost electric motorcycle brands, has expanded its adoption of the Siemens Xcelerator portfolio of
industry software to help the company reduce its design and engineering cycle
time, improve product
quality and achieve faster time to market.
- 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.
- Siemens and Salesforce are collaborating to help manufacturers increase service efficiency and create new revenue streams
- Teamcenter Service Lifecycle Management (SLM) app connects Siemens’ leading Teamcenter Product Lifecycle Management (PLM) with Salesforce Manufacturing Cloud and Service Cloud, enabling integrated, cross discipline collaboration that drive digital transformation
- The new AI-based SaaS integration helps manufacturers build feedback loops between service execution and product development, enabling continuous innovation
Siemens Digital Industries Software announced today the new
Teamcenter® SLM app on Salesforce AppExchange. Developed by Siemens in collaboration with
Salesforce, the app connects product engineering and product service operations
by bringing together the Teamcenter Service Lifecycle Management solution from
the Siemens Xcelerator portfolio of industry software with Salesforce Manufacturing Cloud and Salesforce Service Cloud. This new app enables manufacturers to adopt more
service-centric business models, improve the customer experience and increase
service revenue.
- New V6 software generation with new functions like a single positioner to reduce the load of the controller, and EtherNet/IP to allow third-party controllers to be connected
- Simulation via DriveSim Advanced enables virtual commissioning in advance, ensuring drive process requirements are met efficiently and cost-effectively
- New hardware architecture with functional enhancements like a second encoder interface and 3C3 (H2S and SO2) coating increases precision and robustness
Siemens is innovating the well-established Sinamics S210 servo drive system with a new hardware architecture and new V6 software generation that expand the system's range of applications. The servo drive system is especially suitable for applications with high dynamics in the power range between 50 W and 7 kW: for example, machines for packaging, pick & place applications, and digital printing.