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• Initial fixed call for 60 locomotives
• Delivery beginning in 2025

European Locomotive Leasing Group (ELL), based in Vienna and Munich, and Siemens Mobility signed a framework agreement for the delivery of up to 200 further Vectron locomotives. Specifically, the locomotives will be provided in various power system variants for use in both passenger and freight service. Sixty locomotives were initially ordered and will be delivered successively beginning in 2025. This fourth framework agreement between ELL and Siemens Mobility further reinforces the long-standing and strong partnership between the two companies. By 2027, ELL will have at least 301 Siemens Vectron locomotives in service and thus operate Europe’s largest Vectron fleet. Over the medium term, the new agreement offers ELL the possibility of increasing its Vectron fleet to over 400 locomotives. 

• Industry’s largest and oldest rail infrastructure site develops and produces signaling and rail automation technology for the world
• Prominent guests at today’s ceremony include Volker Wissing, Federal Minister for Digital Affairs and Transport, Olaf Lies, Lower Saxony’s Minister for Economic Affairs, Transport, Housing and Digitalization, and Roland Busch, CEO of Siemens AG

The Braunschweig site of Siemens Mobility, the world’s largest and oldest development and production site for signaling and rail automation technologies, is celebrating its 150th anniversary today.  Guests attending the event include Volker Wissing, the Federal Minister for Digital Affairs and Transport, Olaf Lies, the Lower Saxony Minister for Economic Affairs, Transport, Housing and Digitalization, and Roland Busch, CEO of Siemens AG. Founded by Braunschweig businessman Max Jüdel and mechanical engineer Heinrich Büssing in 1873, the factory was taken over in stages by Siemens in the following decades. Innovations from Braunschweig have consistently shaped the development of railway infrastructure worldwide. Today, Siemens Mobility continues to research and develop technology at its Braunschweig facility that makes rail infrastructure more efficient, sustainable, and reliable. 

• Rapid capacity expansions with a maximum delivery time of 18 months
• Transparent and easy ordering and sales process
• Expansion to further emission-free drive options

Big event today at the Siemens Mobility plant in Krefeld: The first Mireo Smart is celebrating its official rollout. On the same occasion, Siemens Mobility announced it is expanding its options for alternative drives. 

• Orders in fiscal 2023 rose 7 percent on a comparable basis to €92.3 billion (fiscal 2022: €89.0 billion)
• Revenue in fiscal 2023 grew 11 percent on a comparable basis to €77.8 billion (fiscal 2022: €72.0 billion)
• New record highs: Profit Industrial Business of €11.4 billion (fiscal 2022: €10.3 billion); profit margin Industrial Business climbed to 15.4 percent (fiscal 2022: 15.1 percent)
• Free cash flow for Siemens Group at record level of €10.0 billion (fiscal 2022: €8.2 billion)
• Net income nearly doubled to historic high of €8.5 billion (fiscal 2022: €4.4 billion)
• Increased dividend of €4.70 per share proposed (fiscal 2022: €4.25)
• Innomotics: Preparation of standalone options to be initiated
• Outlook for fiscal 2024: Siemens expects revenue growth of 4 percent to 8 percent on a comparable basis and basic earnings per share before purchase price allocation accounting, excluding the Siemens Energy Investment, of between €10.40 and €11.00

Siemens successfully continued its profitable growth trajectory and set multiple new records in fiscal 2023 (ended September 30, 2023). In a historic, record-breaking performance by Siemens’ operating business, revenue for the full year rose 11 percent on a comparable basis – excluding currency translation and portfolio effects – to the upper end of the company’s raised guidance (9 percent to 11 percent). The profit and profitability of the Industrial Business reached new record levels as did net income. Shareholders are also to benefit from the company’s outstanding performance. The Supervisory Board and Managing Board propose increasing the dividend from €4.25 in fiscal 2022 to €4.70 a share.

• Revenue rose 10% and orders grew 6% in the fourth quarter on a comparable basis, excluding currency translation and portfolio effects
• On a nominal basis, revenue was up 4%, at €21.4 billion, on record-high revenues in all industrial businesses, while orders came in level with the prior-year period, at €21.8 billion, for a book-to-bill ratio of 1.02
• Profit Industrial Business increased 7%, to €3.4 billion, the highest quarterly level ever; the profit margin was 16.5%
• Net income was €1.9 billion; for comparison, net income of €2.9 billion in Q4 FY 2022 benefited from a €1.1 billion pretax gain on the sale of the mail and parcel-handling business; corresponding basic earnings per share (EPS) were €2.17 and EPS before purchase price allocation accounting (EPS pre PPA) were €2.34
• Another excellent performance in cash generation resulted in €4.6 billion of Free cash flow for the Siemens Group
• In a historic operating performance for the full fiscal year, comparable revenue grew 11%, reaching the upper end of our raised guidance, and comparable orders increased 7%; on a nominal basis, revenue increased 8%, to €77.8 billion, and orders were up 4%, at €92.3 billion, for a book-to-bill-ratio of 1.19
• Fiscal 2023 Profit Industrial Business grew 11% year-over-year to a record-high €11.4 billion; net income nearly doubled to a historic high of €8.5 billion, corresponding basic EPS more than doubled to €10.04, and EPS pre PPA reached €10.77; we thus exceeded our guidance with EPS pre PPA of €9.93 excluding Siemens Energy Investment, which contributed €0.84 to EPS pre PPA; Free cash flow for the Siemens Group reached a record high of €10.0 billion
• Siemens proposes to increase the dividend from €4.25 a year earlier to €4.70 per share

• Siemens intends to acquire 18% in Siemens Ltd. India for a purchase price of 2.1 billion euro
• Siemens and Siemens Energy will jointly propose to the Board of Directors of Siemens Ltd. India to separate the energy business by way of a demerger
• Simplification of corporate setup in one of the fastest growing and strategically important markets
• Siemens has agreed with Siemens Energy indirect financial measures totaling one billion euro to allow third parties to arrange guarantees for Siemens Energy

Siemens AG has taken measures to support the stability of Siemens Energy AG and accelerate separation in India – in the best possible interests of all parties. Specifically, Siemens intends to enter into a share purchase agreement with Siemens Energy to acquire an 18% stake in Siemens Ltd. India from Siemens Energy for a purchase price of 2.1 billion euro in cash. This would increase Siemens’ stake in the publicly listed Siemens Ltd. India from 51% to 69%, while Siemens Energy’s stake would decrease from 24% to 6%. With the intended acquisition, Siemens and Siemens Energy accelerate unbundling the business activities of the Indian subsidiary of Siemens. The purchase price reflects a customary discount of 15% on the 5-trading-days volume-weighted average price before the day of signing. Siemens will provide no new guarantees to Siemens Energy. 

• HMH, s.r.o is the manufacturer of the MIREL, a train protection system for Slovakia, Czech Republic, Hungary, and Poland
• Acquisition strengthens Siemens Mobility's position as a leading rail infrastructure provider in Europe

Siemens Mobility has completed the acquisition of HMH, s.r.o., a Slovakian-based technology company, that offers the MIREL national train protection system for Slovakia, Czech Republic, Hungary, and Poland. With this acquisition, Siemens Mobility is now able to offer a complete train protection portfolio covering the Eastern European rail corridors. HMH will remain based in Bratislava, Slovakia, and will be integrated into Siemens Mobility’s Rail Infrastructure business unit. 

• Siemens and Schaeffler integrate generative AI-powered assistant in a production machine – world premiere at SPS trade show
• Industrial Copilot will optimize engineering and support operations – and it’s easy, fast and efficient
• Industrial Copilot is key to addressing the qualified workforce shortage

Technology company Siemens is harnessing the power of generative artificial intelligence (AI) to help industrial companies drive innovation and efficiency across the design, engineering, manufacturing and operational lifecycle of products. At the Smart Production Solutions (SPS) trade show in Nuremberg, Siemens and the motion technology company Schaeffler are showcasing a production machine that is augmented with the Industrial Copilot for the first time. The two companies are demonstrating how the Industrial Copilot can augment Siemens’ industrial automation engineering and operation solutions.