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.
-
End-to-end
portfolio of low- to high-voltage motors, geared motors, medium-voltage
converters and motor spindles
- Operational
headquarters in Nuremberg, Germany, with around 14,000 employees worldwide and
revenue of approximately €3 billion
- Effective
July 1, 2023, Innomotics will operate in Germany as a legally separate,
wholly owned subsidiary of Siemens AG. The global carve-out is on track; to
be largely completed by October 1, 2023
- Innomotics’
management team will comprise Michael Reichle (CEO), Christoph Salentin (CFO)
and Hermann Kleinod (CTO)
A new, leading
motors and large drives company will be called Innomotics. Under this name,
Siemens is combining its business activities in the areas of low- to
high-voltage motors, geared motors, medium-voltage converters and motor
spindles. The portfolio includes an innovative solutions and digitalization
portfolio and a broad range of service offerings. The related businesses were
previously assigned to the units Large Drives Applications and Digital
Industries and to the legally separate Siemens companies Sykatec and Weiss
Spindeltechnologie.
- First digital bond on a public blockchain in accordance with Germany’s Electronic Securities Act (eWpG)
- Siemens is a pioneer in the ongoing digital transformation of capital and securities markets
- The bond has a volume of €60 million and maturity of one year
- Bond sold directly to investors
- Classic payment via bank account
Siemens is one of the first
companies in Germany to issue a digital bond, in accordance with Germany’s
Electronic Securities Act (Gesetz über elektronische Wertpapiere, eWpG).
Worth 60 million, it has a maturity of one year and is underpinned by a public
blockchain. Issuing the bond on a blockchain offers a number of benefits
compared to previous processes. For instance, it makes paper-based global
certificates and central clearing unnecessary. What’s more, the bond can be
sold directly to investors without needing a bank to function as an
intermediary.
- Siemens AG and Siemens Healthineers provide
immediate humanitarian assistance
- Internal call for donations: the
company will match every euro donated by employees
- Siemens Caring Hands e.V. supports relief
organizations in Türkiye and Syria
Siemens AG
and Siemens Healthineers have provided immediate assistance of €500,000, respectively,
to help the victims of the earthquake in Türkiye and Syria and to support
rescue efforts. In addition, both companies have called on their employees for
donations – every euro donated by their employees will be matched.
- Shareholders approve dividend
proposal of €4.25 per share
- Large majority at Annual
Shareholders’ Meeting ratifies the acts of the Managing and Supervisory Boards
- Annual Shareholders’ Meeting elects
three new Supervisory Board members to join the oversight body and reelects
four members
At the Siemens AG Annual Shareholders’ Meeting held today, the
shareholders decided by a large majority of 99.75 percent to approve the Managing
and Supervisory Boards’ proposal that a dividend of €4.25 per share entitled to
a dividend be distributed for fiscal 2022. As a result, the dividend has been raised
by €0.25 compared to the prior year, and Siemens has continued to pursue
its progressive dividend policy in an impressive manner. In addition, with a
large majority of the votes, the Annual Shareholders’ Meeting ratified the acts
of the members of the Managing and Supervisory Boards for fiscal 2022. The number
of people following the virtual Annual Shareholders’ Meeting peaked at more
than 4,500. About 147 questions were asked at the event.
- Continuing growth momentum and very good results in Q1
- Revenue up 8 percent on a comparable basis to €18.1 billion
(Q1 2022: €16.5 billion)
- At €22.6 billion, orders at a high level (Q1 2022: €24.2 billion)
- Profit Industrial Business at €2.7 billion – a 9 percent increase and at a record level in Q1 2023 (Q1 2022: €2.5 billion)
- Net income of €1.6 billion (Q1 2022: €1.8 billion)
- Guidance raised: Siemens now expects comparable revenue growth in the range of 7 percent to 10 percent (previously expected at 6 percent to 9 percent) and an increase in basic EPS pre PPA to a range of €8.90 to €9.40 (previously expected at €8.70 to €9.20)
Siemens started
fiscal 2023 (to December 31, 2022) with a strong performance and maintained its
continuing growth momentum with very good results in Q1. The company leveraged
growth opportunities in its key markets despite a still complex macroeconomic
environment. Following the strong start in fiscal 2023, Siemens raises its
outlook for fiscal 2023. For the Siemens Group, the company now expects
comparable revenue growth, net of currency translation and portfolio effects,
in the range of 7 percent to 10 percent (previously expected at 6 percent to 9 percent)
and continues to expect a book-to-bill ratio above 1. Furthermore, Siemens now
expects this profitable growth of its industrial businesses to drive an
increase in basic EPS from net income before purchase price allocation
accounting (EPS pre PPA) to a range of €8.90 to €9.40 (previously expected at
€8.70 to €9.20) in fiscal 2023.