- 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.
- Siemens Mobility’s digital ecosystem
approach, allowing data from different sources to be integrated via APIs, leads
to more capacity and energy reduction
- Innovation
within train procurement: Mireo Smart and Smart Train Lease
- Presenting
the high-speed train Velaro for Egypt
- Siemens Mobility is showcasing its innovations
and solutions in hub27 at booth 230 and in the outdoor exhibition area
Siemens
Xcelerator’s unveiling at InnoTrans 2022 signaled the advent of a truly open
ecosystem for seamless digital collaboration. At InnoTrans 2024, Siemens
Mobility will showcase the rail industry’s huge potential to reduce society’s
overall carbon footprint, with digitalization as a key enabler. This includes optimizing
maintenance, maximizing the use of existing infrastructure, and providing
solutions for seamless travel. One of the biggest barriers to a full-hearted
adoption of digitalization, however, is vast quantities of data locked in
closed systems. The answer lies in accessing these data via standardized
application programming interfaces (APIs) and connecting them with AI-driven
analysis and evaluation tools. As a leading provider of technology, Siemens
Mobility has identified around 100 APIs within the rail ecosystem and has already
fully developed a dozen of them.
- Contract for
locomotives includes their maintenance for 15 years
- XLoad increases
hauling capability for Vectron locomotive
- Operating
approval for Switzerland, Germany, the Netherlands, Austria, and Italy
The Swiss company SBB
Cargo International AG, in cooperation with Südleasing GmbH, has ordered an
additional 20 Vectron multi-system locomotives equipped with the XLoad package.
The locomotives will be leased by SBB Cargo International from SüdLeasing in a
long-term contract with a flexible term. The contract also includes maintenance
of the locomotives by Siemens Mobility for 15 years. The Vectron XLoad package
improves the locomotive’s traction capability in order to increase its hauling
capacity and efficiency. Among other advantages, XLoad enables heavier trains
to be run in single traction on the Swiss north-south axis, eliminating the
need for a second four-axle booster locomotive. The Vectron locomotives have a
maximum speed of 160 km/h.
- Use in Salzburg Festival’s Großes Festspielhaus to be first-time application
- Digital twin to enable audio-visual experience of digital event spaces
- Software to simulate acoustics, orchestral formations and concert hall configurations
Siemens has developed a digital twin especially for large event spaces. The technology makes it possible to realistically reproduce and simulate very precisely a building’s acoustics and structure. The Sound of Science application will be used for the first time in the Großes Festspielhaus – the Large Festival Hall – at the Salzburg Festival. Sound of Science will enable event organizers to virtually explore how acoustics change in different spatial configurations – for example, how adding acoustic panels affects the listening experience – in order to select the optimal acoustic scenario. Orchestral formations on the stage can also be tested and arranged in advance – before a single note is heard in the real world. This approach saves money, resources and time.
- Berlin as a pioneer: World’s first installation
of an obstacle detection system on an S-Bahn in daily operation
- Installation and practical testing of an
innovative obstacle detection system in the latest 484 series S-Bahn train
conducted by Siemens Mobility with
S-Bahn Berlin and the Digital Rail Germany (DSD) initiative
- Goal: Develop assistance system for accident
prevention and driverless operation at low speeds
Automated operation is a key function for expanding
rail capacity and strengthening the performance of railways. Working together
with S-Bahn Berlin, Siemens Mobility has installed and will be testing an
obstacle detection system – a key technology component for enabling fully
automated driving – for the first time during regular daily operation.
Zermatt is a truly unique destination nestled in the Swiss Alps. The town is primarily renowned for its iconic Matterhorn Mountain, which stands at 4,478 meters and is one of the highest and most recognizable peaks in the Alps. Zermatt’s landscape includes 38 peaks over 4,000 meters. With around 2.5 million overnight stays recorded in 2023, Zermatt is one of the most popular tourist destinations in Switzerland. However, due to the town’s remote location and rugged terrain, Zermatt faces specific challenges. These include the need for reliable and sustainable infrastructure and the management of natural risks, such as avalanches and extreme weather events, which can disrupt infrastructure and pose safety concerns. These factors, combined with the altitude difference, oxygen-deficient air, and steep terrain, underscore the need for innovative solutions. For decades, together with its innovative customers, Siemens has been developing technological solutions to meet these challenges.
- Platinum medal awarded with 80 of 100 points
- Siemens ranked in the top 1 percent out of 73,000 companies assessed worldwide
Siemens has received 80 points in the latest EcoVadis
Sustainability Rating and was awarded with the highest recognition – the Platinum
medal. With this score, the technology company ranks in the top one percent of about
73,000 companies that were assessed worldwide by EcoVadis, a leading provider
of business sustainability ratings.