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• Orders rose 15 percent on a comparable basis to €24.2 billion and again reached a very high level (Q3 2022: €22.0 billion)
• Revenue grew 10 percent on a comparable basis to €18.9 billion (Q3 2022: €17.9 billion)
• Profit Industrial Business totaled €2.8 billion (Q3 2022: €2.9 billion) with a strong increase at Smart Infrastructure and Digital Industries
• Net income was €1.4 billion (Q3 2022: a net loss of €1.5 billion)
• Free cash flow all-in at group level was an outstanding €3.0 billion, a 29 percent increase (Q3 2022: €2.3 billion)
• Outlook on group level confirmed for fiscal 2023 for revenue growth and EPS pre PPA, excluding the Siemens Energy Investment

Siemens continued its profitable growth trajectory in Q3 2023 (ended June 30, 2023), with all industrial businesses achieving strong revenue growth. Order momentum in the company’s major projects and systems business was also strong. The book-to-bill ratio was an excellent 1.28, while the order backlog of €110 billion was again at a record high level. Siemens confirms its outlook on group level for fiscal 2023 and continues to expect revenue growth of 9 percent to 11 percent and basic earnings per share before purchase price allocation accounting (EPS pre PPA) of €9.60 to €9.90, excluding the Siemens Energy Investment. 

• Orders rose 15% and revenue grew 10% on a comparable basis, excluding currency translation and portfolio effects
• On a nominal basis, orders grew 10% to €24.2 billion, driven by sharply higher volume from large orders in Mobility, while revenue was up 6% year-over-year at €18.9 billion including increases in all industrial businesses; the book-to-bill ratio was 1.28
• Profit Industrial Business was €2.8 billion with a profit margin of 15.3%, including substantial increases in Digital Industries and Smart Infrastructure; profit Industrial Business in Q3 FY 2022 of €2.9 billion benefited from a €0.7 billion divestment gain in Mobility
• On Net income of €1.4 billion, corresponding basic earnings per share (EPS) were €1.61 and EPS before purchase price allocation accounting (EPS pre PPA) were €1.78; a net loss of €1.5 billion in Q3 FY 2022 was due primarily to an impairment of the stake in Siemens Energy recorded in the amount of €2.7 billion
• Free cash flow from continuing and discontinued operations was again excellent, reaching €3.0 billion for the quarter

• Monitoring of all 3-phase grids from 200 V to 690 V nominal voltage
• Frequency monitoring from 15-70 Hz for more detailed information
• IO-Link enables transmission and evaluation of measured values in the controller or higher-level systems
• Certification according to SIL 1 (IEC 62061) and PL c (EN ISO 13849-1) standards for a wide range of applications

Siemens has launched a new generation of line monitoring relays. The SIRIUS 3UG5 line monitoring relays combine proven technology with new functions and applications. The relays are the easiest way to monitor standards-compliant grid stability and quality, ensuring proper system operation and a long service life of components such as motors or compressors. Grid monitoring relays are used in critical areas such as hospitals or the process industry, which require a high-quality, fail-safe supply of power. Other areas of application include cranes, elevators, air, and air-conditioning compressors, as well as the timber industry. 

• Siemens to donate EUR 500,000 to foundation for mountain rescue services
• Funds to further develop globally unique Bavarian Mountain Rescue Service's center for Safety and Training in Bad Tölz
• Half of donations from Siemens employees

Siemens and the charitable association Siemens Caring Hands e.V. are supporting the Stiftung Bergwacht, a non-profit foundation for mountain rescue services, with a donation of €500,000. The foundation will use the donation to further develop the Bavarian Mountain Rescue Service’s Center for Safety and Training in Bad Tölz, Germany, and thus improve disaster prevention in Germany and Europe. Half the donation is from Siemens employees and half from Siemens AG. The funds are part of a donation pool that Siemens set up in 2021 in response to the flood disaster on the Ahr River in the German states of Rhineland-Palatinate, North Rhine-Westphalia and Bavaria. Over the past two years, €2.8 million from the pool has been used to support 25 emergency, reconstruction and prevention projects.

• Innovative Sentron 3WA circuit breaker series part of Siemens Xcelerator
• Designed to improve ease of use, reliability, and digitalization when integrating into existing systems
• Essential for critical infrastructure, such as hospitals or data centers
• 3WA1 (IEC), 3WA2 (UL489), and 3WA3 (UL1066+IEC) offer worldwide compatibility

Siemens has launched two new additional versions of its innovative Sentron 3WA Power Circuit Breakers, alternatively known as Air Circuit Breakers (ACBs). Series 3WA3 meets the requirements of UL 1066 and IEC 60947-2 standards, which enables customers to use it worldwide. This is particularly advantageous for switchgear manufacturers and OEMs producing systems for both standardization areas – IEC and UL. The 3WA2 series is designed exclusively for the UL 489 market. The two new ACB model series complement the 3WA1 version for IEC markets, which has been launched in the fall of 2020. Siemens offers a full range of ACBs which are based on a consistent system and offer great flexibility for applications around the globe. The Sentron 3WA Power Circuit Breakers are part of the Siemens Xcelerator portfolio. Siemens Xcelerator is an open digital business platform that enables customers to accelerate their digital transformation easier, faster, and at scale. 

• Investment of €1 billion planned in Germany, €500 million for new Technology Campus in Erlangen
• Part of €2 billion global investment strategy in 2023 for boosting growth, innovation and resilience across all regions
• Further investments in Europe and the U.S.
• New campus to become global development and manufacturing hub and nucleus for technology activities for industrial metaverse
• Erlangen location to promote and accelerate ecosystem of partners from business and scientific communities
• Transition to environmentally sustainable net-zero location

Siemens is rigorously executing its announced €2 billion investment strategy. Of this amount, the company plans to invest around €1 billion in Germany, thereby boosting the country’s innovative strength. In the presence of German Chancellor Olaf Scholz, the technology company today announced the establishment of its new Technology Campus in Erlangen, Germany, with investments of around €500 million in the expansion of development and manufacturing capacities. As a result, Siemens is establishing the Erlangen location as a global research and development hub and the nucleus of global technology activities for the industrial metaverse. These steps will enable Siemens to accelerate its overall growth, drive innovation and increase its resilience.

• ENGIE Vianeo has selected Siemens technologies to equip 64 freeway rest areas throughout France with electric vehicle (EV) chargers
• Network includes 251 SICHARGE D 300 kW and 69 SICHARGE D 160 kW high power chargers that can be upgraded to 300 kW
• Hubs with up to 24 charging points equipped for simultaneous charging

• Independent analyst firm has recognized Siemens Smart Infrastructure as a leader in integrated smart building security software
• The software is part of the Siemens Xcelerator portfolio

Industry analyst firm Verdantix has ranked Siemens Smart Infrastructure as one of the leading providers for security software in smart buildings. Their recently published “Green Quadrant: Integrated Smart Building Security Software 2023” report analyzes and evaluates ten companies that are shaping the market. Verdantix noted that Siemens solutions offer highly advanced unified security management capabilities. The assessed Siemens software is part of Siemens Xcelerator, an open digital platform that enables customers to accelerate their digital transformation.