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• New collaboration tools for Comfy’s mobile app support businesses in returning employees to offices for hybrid working models
• Digital tools directly address known employee concerns around hybrid working, including lack of collaboration opportunities and social contact
• New features announced at Hannover Messe in Germany; available June 2022

• Approximately 2,000 kilometers of modern, safe and integrated rail system to link 60 cities for people and goods across the country
• Siemens Mobility to provide 41 Velaro eight car high-speed trains, 94 Desiro high-capacity four car regional train sets and 41 Vectron freight locomotives
• Turnkey contract includes latest rail infrastructure technology, eight depots & yards and 15-year maintenance agreement
• Will create sixth largest high-speed rail system in the world
• To complete all aspects of the project the consortium will create up to 40,000 local jobs 

Siemens Mobility and its consortium partners Orascom Construction and The Arab Contractors have signed a contract with the Egyptian National Authority for Tunnels [NAT], a governmental authority under the jurisdiction of the Ministry of Transport of Egypt, to create the sixth largest high-speed rail system in the world. The Siemens Mobility share of the combined contract is 8.1 billion EUR and includes the initial contract of 2.7 billion EUR for the first line signed September 1, 2021. 

• Construction of two new SIHARBOR shore power plants at Kiel’s Ostuferhafen
• Parallel supply of up to three passenger, cargo, or ferry ships
• Plants go into operation end of 2023
• Cruise ships, ferries will be able to obtain shore power at all inner-city terminals as well as the Ostuferhafen of port of Kiel

Divestment of Commercial Vehicles business to Meritor agreed Purchase price (Enterprise value) of around €190 million Transaction expected to close by end of this calendar year Further successful milestone of value creation for Siemens’ Portfolio Companies Siemens has agreed to sell its Commercial Vehicles business to Meritor. The move is another step in the company’s rigorous implementation of its previously announced plan to sharpen its portfolio as a focused technology company. Commercial Vehicles is part of Siemens’ Portfolio Companies. The purchase price totals around €190 million, subject to working capital adjustments. Closing is expected, subject to regulatory approvals, by the end of this calendar year.

• Orders for the second quarter climbed 32% year-over-year, reaching €21.0 billion on double-digit increases in all industrial businesses, while revenue rose 16% year-over-year, to €17.0 billion, for a book-to-bill ratio of 1.23
• Orders rose 22% and revenue grew 7% on a comparable basis, excluding currency translation and portfolio effects, primarily the acquisition of Varian Medical Systems, Inc. (Varian) between the periods under review
• Profit Industrial Business came in lower at €1.8 billion with a profit margin of 11.0%, both heavily burdened by €0.6 billion in impacts, mainly in Mobility, subsequent to sanctions imposed on Russia
• Net income was €1.2 billion, with corresponding basic earnings per share (EPS) of €1.29 and EPS before purchase price allocation accounting (EPS pre PPA) of €1.50; while net income in the current period included Russia-related impacts totaling €0.6 billion, the prior-year quarter benefited from a €0.9 billion divestment gain within discontinued operations
• Free cash flow from continuing and discontinued operations rose to €1.3 billion (Q2 FY 2021: €1.2 billion)

Siemens will exit the Russian market as a result of the Ukraine war. The company has started proceedings to wind down its industrial operations and all industrial business activities. The financial impact of this decision will be reported as part of the regular disclosure on the second quarter results today on May 12, 2022. 

• Orders rose 22 percent on a comparable basis to €21.0 billion (Q2 2021: €15.9 billion), with high growth rates at all industrial businesses
• At €17.0 billion, revenue increased 7 percent on a comparable basis (Q2 2021: €14.7 billion)
• Profit Industrial Business was €1.8 billion (Q2 2021: €2.0 billion) – due to impacts totaling €0.6 billion, mainly at Mobility, subsequent to sanctions imposed on Russia
• Net income was €1.2 billion (Q2 2021: €2.4 billion)
• Free cash flow for the Siemens Group increased to €1.3 billion and was thus even stronger than in the prior-year quarter (Q2 2021: €1.2 billion)
• Orderly wind down of industrial business activities initiated in order to exit the Russian market

Siemens continued its growth path as a focused technology company also in Q2 (ended March 31, 2022). In Q2, the company leveraged increased growth opportunities in many key markets despite a continuing complex macroeconomic environment and confirms its outlook for the Siemens Group for the current fiscal year 2022. The impact on profit in Q2 subsequent to sanctions imposed on Russia totaled €0.6 billion due to impairments and other charges, mainly at Mobility. Siemens also initiated an orderly wind down of its industrial business activities in order to exit the Russian market.

• New data center in Tallinn, Estonia, targets Power Usage Effectiveness (PUE) value of 1.2, against industry average of around 1.6
• Siemens’ AI-powered software optimizes cooling for energy efficiency and reliable operation of critical infrastructure
• Customized power distribution systems from Siemens ensure reliable, safe power supply to the data center
• Data center is powered by renewable energy, with ability to sell waste heat

Siemens has deployed integrated data center management software at the largest and most energy efficient data center in the Baltic region. The building management software (BMS), the energy and power management software (EPMS) and the White Space Cooling Optimization (WSCO) help Greenergy Data Centers to lower energy usage, ensure thermal protection and manage reliable operation of the critical infrastructure.