- 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.
- Together with customers and partners including Sony, AWS, Red Bull Racing, Unlimited Tomorrow, and Blendhub, Siemens highlights how technology is transforming the everyday
- Siemens partners with Sony to introduce new solution for immersive engineering that combines Sony head mounted display with Siemens Xcelerator software
- AWS and Siemens to make generative AI more accessible to application developers through combination of AWS Bedrock and Mendix Low-Code platform
- Siemens enhances Siemens Xcelerator open business platform with new capabilities to combine real and digital worlds and drive digital transformation across industries
Siemens
unveiled innovations that are combining the real world and the digital worlds
to redefine reality as it opened CES 2024, the world’s leading technology gathering.
Siemens announced new partnerships and breakthroughs in AI and immersive
engineering to enable the industrial metaverse, and highlighted how these
technologies are empowering the world’s innovators to thrive using its open
digital business platform, Siemens Xcelerator.
- Siemens to integrate Amazon Bedrock into its Mendix low-code development platform to allow customers to create new and upgrade existing applications with the power of generative AI
- Access to Amazon Bedrock’s advanced generative AI technologies will help customers accelerate digitalization and tackle skilled labor shortages
- Mendix is an industry leader in low-code development with 50M end-users and more than 200,000 applications running on AWS across industrial, finance and other sectors
Siemens and Amazon Web
Services (AWS) are strengthening their partnership and making it easier for
businesses of all sizes and industries to build and scale generative artificial
intelligence (AI) applications. Domain experts in fields such as engineering
and manufacturing, as well as logistics, insurance or banking will be able to
create new and upgrade existing applications with the most advanced generative
AI technology. To make this possible, Siemens is integrating Amazon Bedrock - a
service that offers a choice of high-performing foundation models from leading
AI companies via a single API, along with security, privacy, and responsible AI
capabilities - with Mendix, the leading low-code platform that is part of the
Siemens Xcelerator portfolio.