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• Annual Shareholders’ Meeting to be held on February 8, 2024
• Main content of speeches to be given by Supervisory Board Chairman Jim Hagemann Snabe as well as President and CEO Roland Busch are expected to be published by no later than January 31, 2024
• Supervisory Board and Managing Board propose increasing dividend to €4.70 (fiscal 2022: €4.25)
• PwC is being proposed to 2024 Annual Shareholders’ Meeting as new independent auditors for fiscal 2024

Siemens AG has published its Notice of Annual Shareholders’ Meeting, along with the agenda of this meeting, which is to be held on February 8, 2024. Based on an authorization approved by a large majority at Siemens’ 2023 Annual Shareholders’ Meeting, the Annual Shareholders’ Meeting will again be held in a virtual format. 

• Siemens publishes Sustainability Report of fiscal year 2023 showing strong progress towards ambitious targets
• CO2 emissions in own operations halved since 2019
• Approximately 190 million tons customer emissions avoided with Siemens’ products and solutions sold in FY 2023 (24 percent improvement)
• €416 million invested in training and continuing education across the Siemens Group (up 11 percent)
• Nearly one-third of the company’s top management positions are held by women

Siemens has published its fiscal year 2023 Sustainability Report which demonstrates strong progress towards a range of targets. Since the baseline year of fiscal 2019, the CO2 emissions within Siemens’ own operations have been halved. In addition, more than 90 percent of Siemens’ business enables customers to have a positive sustainability impact: With the aid of Siemens technologies sold in fiscal 2023, customers will avoid around 190 million tons of CO2 emissions – an improvement of about 24 percent over the prior year.

• Siemens and Intel to collaborate to advance semiconductor manufacturing production efficiency and sustainability across scopes 1-3 of the value chain
• Semiconductors are crucial for the global economy and for lowering carbon footprints across economies by enabling sustainable solutions
• Intel and Siemens will leverage their respective portfolios of cutting edge IoT solutions, along with Siemens automation solutions to enhance semiconductor manufacturing efficiency and sustainability

Siemens AG, a leading technology company, and Intel Corporation, one of the world’s largest semiconductor companies, have signed a Memorandum of Understanding (MoU) to collaborate on driving digitalization and sustainability of microelectronics manufacturing. The companies will focus on advancing future manufacturing efforts, evolving factory operations and cybersecurity, and supporting a resilient global industry ecosystem. 

• Strategic partnership aims to optimize investment and technical grid planning for customers
• Cooperation addresses evolving needs of energy industry and supports transition to more sustainable future
• Complementary partnership is part of the Siemens Xcelerator ever-growing ecosystem of partners to accelerate digital transformation

Siemens Smart Infrastructure has today announced its collaboration with Copperleaf, a Canadian-based provider of asset investment planning software, growing its existing ecosystem of grid software partners. The strategic partnership aims to optimize investment and technical grid planning for customers, including transmission system operators (TSOs) and distribution system operators (DSOs), by combining the companies’ expertise. The shift to a decarbonized energy future requires these organizations to adopt a holistic approach to planning and optimization through strategic and operational considerations. The partnership is part of the Siemens Xcelerator ever-expanding ecosystem of partners. Siemens Xcelerator is an open digital business platform that enables customers to accelerate their digital transformation easier, faster and at scale

• 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

• 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.

• 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. 

• Aspern Smart City Research (“ASCR”) commissions Siemens to roll out new low-voltage software, LV Insights® X, to aspern Seestadt in Vienna
• LV Insights® X, part of the Siemens Xcelerator portfolio, will enable ASCR to create a digital twin of its distribution grid, enabling flexible network management
• The new software could reduce power outages by 30 percent

Siemens continues to enable its customers globally to accelerate the energy transition, most recently through the implementation of its low-voltage software to Aspern Smart City Research (“ASCR”) in Vienna. Using Siemens’ next generation grid management software, LV Insights® X, ASCR will be able to visualize the entire low-voltage network of aspern Seestadt, a part of Vienna. aspern Seestadt is one of Europe's largest urban development projects. With a digital twin, ASCR can identify critical segments, increase the usable capacity of its grid, and integrate more renewable energy without additional grid expansion, supporting their decarbonization efforts.

• 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.