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Simon Krause (38) has been appointed as Head of Global Media Relations and Executive Communications at Siemens AG, effective October 1, 2024. Krause will be responsible for global media relations and coordinating executive communications and will report to Lynette Jackson, Siemens’ Chief Communications Officer. "I very much look forward to working with Simon in his new role. He is a strong professional, with a passion for technology and outstanding creativity, as well as excellent media experience. His role will build on a strong foundation, working across our businesses, to protect and build the reputation of Siemens as a leading technology company around the world," said Lynette Jackson.

• With its new digital bond, Siemens supports the tests by European Central Bank (ECB) of distributed ledger technology (DLT) for the settlement of securities with central bank money
• The bond has a volume of €300 million and a maturity of one year
• Siemens thus remains a pioneer in the ongoing digitalization of the capital and securities markets

Siemens has again issued a digital bond in accordance with Germany’s Electronic Securities Act (Gesetz über elektronische Wertpapiere, eWpG). Following the successful issuance of its first digital bond last year, the company is thus continuing to play a pioneering role in the application of the latest technologies on the capital markets. By using blockchain technology once again, Siemens is underscoring its claim to continuously develop digital solutions for the financial markets. In issuing the bond, the company is supporting the trials by the Eurosystem and the Bundesbank in particular, that are aimed at testing blockchain technology for the digital financial market.

• More than 1,700 apprentices and university students in work-study programs in Germany to begin careers at Siemens in new training year
• New, integral training component to promote understanding of democracy and fundamental values
• SIEYA webapp for career orientation and talent acquisition and retention to offer interactive world of experience

More than 1,700 apprentices and university students in work-study programs in Germany will begin their professional careers at Siemens in the new 2024 training year (2023: 1,500). In addition to technology, digitalization and sustainability, the innovative, future-oriented curriculum will focus above all on fostering the basic skill sets needed for effective decision-making. The promotion of values and the understanding of democracy – a new, integral training component – will be a further focus, allowing Siemens to send a strong signal regarding the importance of social responsibility in an increasingly digitalized world.  

• A chair mounted on a track system helps people with handicaps delight in the beach without any outside help
• More than 250 beaches around the world are already accessible
• Siemens technology makes operations efficient, reliable and uninterrupted, even in difficult coastal environments
• Siemens and TOBEA show how cutting-edge technology can have a positive social impact
• Innovation promotes equal opportunity and improves everyone’s quality of life

The “SEATRAC” system, enabled by Siemens technology and developed by TOBEA, an innovative tech start-up based in Patras, Greece, creates a unique way for individuals with disabilities to experience life at the beach and take a dip in the sea without any outside assistance. SEATRAC consists of a specially developed chair mounted on a track system. This system enables individuals to safely glide into the water and return to land without any outside help. The technology gives individuals more control over their lives, promotes inclusion and guarantees equal opportunity for all. The system has already been installed at more than 250 beaches around the world. 

• Third-quarter revenue rose 5% on a comparable basis, excluding currency translation and portfolio effects; comparable orders came in 15% lower than in Q3 FY 2023, which included a record-high level of orders in Mobility
• On a nominal basis, revenue increased 4% to €18.9 billion; orders were down 16% at €19.8 billion but exceeded revenue for a book-tobill ratio of 1.05, and the order backlog remained on a high level at €113 billion
• Profit Industrial Business rose 11% to €3.0 billion, and the profit margin reached 16.5%, well above the prior-year quarter
• Net income was €2.1 billion, with corresponding basic earnings per share (EPS) of €2.51 and EPS before purchase price allocation accounting (EPS pre PPA) of €2.66

• 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.

• 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.