The sale of Siemens
Commercial Vehicles business to Meritor closed successfully on November 30.
In May 2022, Siemens had announced the contract signing to sell Commercial
Vehicles business to Meritor, Inc. for a purchase price of around €190 million
We have released our fourth quarter results and the preliminary figures for fiscal year 2022 on November 17, 2022. The press conference and the analyst call were broadcast live.
- Orders in fiscal 2022 climbed 17 percent on a comparable basis to €89.0 billion (fiscal 2021: €71.4 billion)
- Revenue in fiscal 2022 grew 8.2 percent on a comparable basis to €72.0 billion (fiscal 2021: €62.3 billion)
- Profit Industrial Business at record level of €10.3 billion (fiscal 2021: €8.8 billion) – Profit margin of the Industrial Business rose to 15.1 percent (fiscal 2021: 15.0 percent)
- Once again excellent free cash flow at Group level of €8.2 billion (fiscal 2021: €8.2 billion)
- Digital business revenue grew around 15 percent to €6.5 billion (fiscal 2021: €5.6 billion)
- Increased dividend of €4.25 per share (fiscal 2021: €4.00) proposed
- Outlook for fiscal 2023: Siemens expects revenue growth of 6 percent to 9 percent on a comparable basis and basic earnings per share before purchase price allocation accounting in a range of €8.70 to €9.20
Siemens once again delivered an outstanding
performance in fiscal 2022 (as of September 30, 2022). Based on strong growth momentum, all
four industrial businesses recorded increases in order intake and revenue. In
some cases, these increases were significant. Despite a continuing complex macroeconomic
environment influenced, among other things, by economic sanctions on Russia,
high inflation and the impact of the COVID-19 pandemic, Siemens grew again in
all key markets. In addition, major interruptions in fiscal 2022 could be
avoided despite supply chain risks in the areas of electronic components, raw
materials and logistics.
meeting today, the Supervisory Board of Siemens AG renewed the appointment of
Managing Board Member Judith Wiese (51). The term of the Chief People &
Sustainability Officer and Labor Director will run a further five years until
September 30, 2028.
recognize the substantial contribution that Judith Wiese has made since she
joined Siemens two years ago. Judith holds a key role in ensuring that Siemens
can attract and retain the best people and to create an environment in which
they can thrive. At the same time, she has been at the heart of ramping up our
sustainability activities as a key pillar of business strategy,” said Jim
Hagemann Snabe, Chairman of the Siemens Supervisory Board. “Judith’s open
leadership style is a catalyst for the transformation of Siemens.”
- Siemens Mobility develops concept for future ICE
- DB contributes operator
Deutsche Bahn AG (DB)
has concluded a development partnership for long-distance rail transport with
Siemens Mobility following a tender. In the first half of 2023, the two
companies will work together on developing their vision of a new-generation
high-speed train. Once the concept has been completed, a further tender is
expected to follow in the second half of 2023 for the development, construction
and certification of the new fleet.
- Six-part series on personal development and success
- FC Bayern athletes share personal experiences
FC Bayern Munich have developed a six-part video campaign called "#ItTakesMore"
that aims to take a
more honest look at success – and, in the process, show what it really takes to
make things happen, namely continuous personal development, and refusing to
rest on your laurels. In the episodes, professional
soccer players, Bundesliga basketball players and managers from FC Bayern
Munich talk, among other things, about what success means to them, how they
have always been able to rekindle their enthusiasm for their sport and, as a
result, overcome difficult phases in their career. The episodes will be
available at siemens.com/ittakesmore from November 15, 2022, and
will be released on a monthly basis.
Microsoft has joined the Charter of Trust
(CoT) cybersecurity initiative as of November 10, 2022. As a CoT member, Microsoft
plans to contribute its cybersecurity expertise in developing and promoting
awareness of robust security principles for a secure digital world. With the addition
of Microsoft, the Charter of Trust initiative has grown to 18 members. Siemens
and eight partners from the industrial sector founded this initiative in 2018
to drive advances in cybersecurity across industries and at a global level.
Hochbahn and Siemens Mobility are building the train control system of tomorrow
for Hamburg’s U2 and U4 lines
increase in capacity: trains will be able to run at 100-second intervals
Between now and 2030, a state-of-the-art digital train
control system from Siemens Mobility will be installed as an upgrade to the
conventional train control system used by operator Hamburger Hochbahn
(HOCHBAHN) on its U2 and U4 subway lines. The new technology, known as CBTC
(communication-based train control), will allow trains to run at shorter
intervals of only 100 seconds, which will put significantly more trains on the
track in the future, thereby increasing capacity. In addition, CBTC also
improves punctuality, reliability, and energy consumption.