- At €19.2 billion on a comparable basis, revenue was nearly unchanged year-over-year (Q2 2023: €19.4 billion)
- Orders in Q2 2024 reached €20.5 billion (Q2 2023: €23.6 billion), a decline of 12 percent on a comparable basis
- At €2.5 billion, Profit Industrial Business was close to the prior-year level (Q2 2023: €2.6 billion)
- Net income totaled €2.2 billion (Q2 2023: €3.6 billion); net income in Q2 2023 benefited from a tax-free gain of €1.6 billion from the partial reversal of an impairment of Siemens’ stake in Siemens Energy AG
- Free cash flow all-in at Group level was €1.3 billion (Q2 2023: €2.3 billion)
- Outlook at Group level confirmed
Siemens delivered solid performance in the second quarter, successfully meeting the high demand for digitalization and sustainability technology. Notably, the industrial software business showed strong growth with particularly high demand in the semiconductor industry. Demand from customers for the construction of data centers also showed strong momentum. Currently muted demand in the short-cycle automation business at Digital Industries, particularly in China and Europe, was largely offset by strong revenue development at Smart Infrastructure and Mobility. In addition, Siemens took a key step in focusing its portfolio with the sale of Innomotics to KPS Capital Partners for €3.5 billion.
We released our second quarter results for fiscal year 2024. The Press Conference Call and the Analyst Call were broadcast live.
- Innomotics to be sold to KPS Capital Partners
for €3.5 billion
- Innomotics is a global leader in electrical motor and large-drive
business with €3.3 billion in revenue and employs approximately
15,000 people
- Future setup offers the Innomotics business the
best framework conditions for sustainable and growth-oriented development
- Transaction expected to close in first half of
fiscal 2025
- Another step for Siemens in focusing its
portfolio
The Managing Board and
Supervisory Board of Siemens AG have approved the sale of Innomotics – a
world-leading electric motors and large drives company – to KPS Capital
Partners, LP (“KPS”). The contracting parties have signed a corresponding
agreement. The purchase price (enterprise value) is €3.5 billion. The sale to
KPS is expected to close in the first half of fiscal 2025 and is subject to customary
foreign-investment and merger control approvals.
- Siemens and Foxconn sign memorandum of understanding (MoU) highlighting joint commitment to sustainability
- Cooperation to define standards for the factory of the future and manufacturing processes
- Innovations to positively impact information and communications technology and electric vehicle production ecosystems
- Siemens Xcelerator portfolio to optimize Foxconn's operations for efficiency and agility
Siemens AG, a leading
technology company, and Hon Hai Technology Group (Foxconn), the
world's largest electronics manufacturer, have signed a memorandum of
understanding (MoU) to drive digital transformation and sustainability in smart
manufacturing platforms.
- New AI-based apps for more efficient operation of water infrastructures available on the Siemens Xcelerator marketplace
- Easy integration into existing infrastructure without specialist knowledge
- Siemens to showcase its digitalization and automation portfolio for more sustainability in the water sector at IFAT 2024
Siemens, a leading technology company, has expanded its software portfolio for the water industry, enabling its customers to optimize their plant operations using artificial intelligence - without the need for technical expertise. These self-service solutions enable users to address the most pressing issues in water and wastewater operations: reducing water loss, preventing pollution from sewers, and ensuring the reliability of treatment assets. The effect of these applications is also a contribution to greater sustainability overall, as the world's water resources can be better protected. "Digital technologies have not yet been widely adopted in the water sector so far," says Anja Eimer, General Manager Global Water Business at Siemens. "The existing OT and IT device landscape of is complex, skilled workers are in short supply, and the business benefits of many digital applications have often been unclear. With our new software offerings, we are adressing these conditions and enabling water companies to perform AI-based operational analyses."
- Solar farm is part of a £1.5 million research project funded through UK Research Partnership Investment Fund
- Project in partnership with Siemens aimed at enhancing the University’s research capabilities in developing and testing robots and other autonomous systems for the inspection and maintenance of solar arrays
- Enables the University’s new Institute for Safe Autonomy to become net zero by 2025
Siemens has completed work on a 200kWp solar
farm for the University of York located at the University’s new Institute for
Safe Autonomy, as part of £1.5 million research project.
- Siemens makes automation easy with the first generative AI-powered product for engineering in an industrial environment
- Siemens Industrial Copilot accelerates the generation of complex automation code, reduces development times, and increases productivity
- TIA Portal connection offers customers SCL code generation, customization of HMI visualization, and document search in natural language
- Available for download from the Siemens Xcelerator marketplace starting in summer 2024
At Hannover Messe 2024, Siemens presents the first generative artificial intelligence (AI) product for engineering in an industrial environment. The Siemens Industrial Copilot, the generative AI-powered assistant, is now seamlessly connected to the Totally Integrated Automation (TIA) Portal. This will enable engineering teams to find the right help topic and to generate a basic visualization and code faster for programmable logic controllers (PLC). As a result, they will be able to significantly reduce their workload and offload repetitive tasks to the Siemens Industrial Copilot. In addition, the engineering of complex tasks will become less susceptible to errors. This in turn reduces development times and boosts quality and productivity over the long term. The Siemens Industrial Copilot for TIA Portal Engineering will be available for download from the Siemens Xcelerator marketplace starting in summer 2024.
- The new Depot360 portfolio, part of Siemens Xcelerator, reduces the complexity
of fleet electrification by offering a data-driven, performance-oriented, end-toend
solution
- Through the collaboration with partners, Siemens’ service ranges from
consultation and financing to depot design, construction, commissioning, and
ongoing management
- Siemens will support customers throughout the entire fleet electrification and
transportation management journey and thereby help them with their
sustainability targets
- Comprehensive, integrated, and charger agnostic, Depot360 requires no
CAPEX, offers maximum scalability, improved operations, and reduced energy
costs
With global transportation the second biggest emitter of greenhouse gases and road transport responsible for almost three quarters of these emissions¹, Siemens Smart Infrastructure has launched Depot360, a portfolio that goes beyond installation and servicing of electrical and charging infrastructure to cover the entire fleet electrification journey. Providing access to green energy at the lowest possible cost, Depot360 is set to accelerate customers toward their sustainability goals.
- Siemens Smart Infrastructure has introduced Electrification X to transform ageing electrification infrastructure. This latest addition to the Siemens Xcelerator portfolio builds upon the success of Building X and Gridscale X
- Electrification X is a continuously growing dynamic, open and interoperable portfolio, facilitating the seamless digital transformation of electrification infrastructure across commercial, industrial, and utility applications
- By leveraging Electrification X, customers gain access to a range of IoT SaaS offerings and software solutions for enhancing energy efficiency, enabling e-mobility, and optimizing industrial energy systems
Siemens
Smart Infrastructure has launchedElectrification X,
a highly scalable Internet-of-Things (IoT) SaaS offering to transform electrification infrastructure.