- 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.
- 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.
- 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.
- 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.
- Generative
AI for industries: Siemens Industrial Copilot to be available on the Siemens Xcelerator Marketplace this summer
- Siemens and Schaeffler to sign memorandum of understanding to expand work to integrate Siemens Industrial Copilot into all areas of industry
- Live on stage: Siemens and NVIDIA show how they enable the industrial metaverse together
- World premiere of “Electrification X” for a wide range of IoT software-as-a-service offerings for transforming electrification infrastructure
- German Chancellor Olaf Scholz to be among high-ranking visitors at Hannover Messe’s largest booth
The industrial sector
is in need of digital transformation toward greater sustainability and resilience.
Value creation and actions for the planet must be brought into balance. Companies
need to do more with fewer resources. At Hannover Messe, Siemens will show how
proven, cutting-edge technology and strong partnerships enable industries to
become both more sustainable and more competitive. Visitors at Booth D53 in
Hall 9 will experience showcases featuring core technologies for digital and
sustainable transformation in the automotive, food, chemicals and
semiconductors industries.
- Standardization will foster collaboration, accelerate innovation, and facilitate the exchange of digital twin models and data
- Collaboration with the W3C working group set to propel the convergence effort, bringing about a unified standard to unlock commercial potential being held back by IoT fragmentation
In a collaborative move
with the W3C Consortium, Siemens and Microsoft have announced their commitment
to converge the Digital Twin Definition Language (DTDL) with the Thing
Description standard from international standards organization, W3C.
- With key leadership decisions, Supervisory
Board demonstrates confidence in the strategy and trajectory of Siemens AG as a
leading technology company
- Announcement of five-year contract
extension for Roland Busch (59) as President and CEO, from April 1, 2025
- Intention confirmed to extend appointment
of Cedrik Neike (51), member of the Managing Board and CEO of Digital
Industries, for a further five years from June 1, 2025
The Supervisory Board of Siemens AG confirmed a five-year contract extension for President and Chief Executive
Officer Roland Busch from April 1, 2025. The move is a mark of support for the
strategy of Siemens as a leading technology company, with the current Managing
Board driving three years of record financial performance and the further
strategic development of the company.