S&P
Global Ratings announced today that it has upgraded its long-term issuer rating
on Siemens AG to AA- from A+, the outlook remaining stable. According to
S&P Global Ratings, “Siemens AG continues to
successfully transform its industrial portfolio by focusing on high margin
businesses that have leading market positions and benefit from secular trends
like digitalization and decarbonization, while also divesting its lower margin
or more volatile businesses.”For the past
15 years, the rating agency has maintained an A+ rating for Siemens AG.“The upgrade
in our rating underlines once again Siemens AG’s financial strength. We
are pleased that S&P Global Ratings has given fitting recognition
to our outstanding cash performance and strong operating results. Our AA- rating
puts us well ahead of our peers and is a pleasant privilege”, said Ralf P. Thomas,
Chief Financial Officer of Siemens AG.
Todd Weatherby
(58) has been appointed as Chief Executive Officer Siemens Advanta, leading the
professional services and consultancy business as of March 1, 2024. Todd has
held leadership roles in product management, business development and sales
with several technology companies including Oracle, Microsoft and Amazon. He
launched Amazon Web Services ProServe and led its impressive growth for a
decade from 2012.
Cedrik Neike, CEO Siemens Digital Industries
and the Member of the Managing Board responsible for Siemens Advanta, said;
“Todd has deep expertise in the professional services space within the tech
sector. As an experienced leader, he will support the continued growth of
Siemens Advanta. We welcome him to Siemens and look forward to supporting him
as he works to help our customers leverage the power of technology.”
- Progressive dividend policy with €0.45 increase over prior year
- High approval rates for all agenda items
At the Siemens AG Annual Shareholders’ Meeting that was held today, the shareholders decided by a large majority of 99.91 percent to approve
the Managing and Supervisory Boards’ proposal that a dividend of €4.70 per
share be distributed for fiscal 2023. As a result, Siemens has raised the
dividend €0.45 compared to the prior year and has continued to pursue its
progressive dividend policy in an impressive manner. In addition, the Annual
Shareholders’ Meeting voted by large majorities to ratify the acts of the
members of the Managing and Supervisory Boards for fiscal 2023. The number of
people following the Annual Shareholders’ Meeting worldwide peaked at more than 4,395. Around 147 questions were asked during
this year’s event, and about 64.38 percent
of the voting stock was represented.
- Orders in Q1 2024 reached €22.3 billion (Q1 2023: €22.6 billion); an increase
of 2 percent on a comparable basis
- Revenue rose 6 percent on a comparable basis to €18.4 billion (Q1 2023:
€18.1 billion)
- Profit Industrial Business totaled €2.7 billion (Q1 2023: €2.7 billion); profit
margin Industrial Business increased to 15.8 percent (Q1 2023: 15.7
percent)
- Free cash flow at Group level rose sharply year-over-year to €1.0 billion
(Q1 2023: €0.1 billion)
- Net income climbed 56 percent to €2.5 billion (Q1 2023: €1.6 billion)
- Outlook for fiscal 2024 confirmed
- Virtual Annual Shareholders’ Meeting to vote on dividend proposal of €4.70
per share for fiscal 2023 (fiscal 2022: €4.25)
Siemens made a successful start to fiscal 2024 with a strong performance in the first quarter (ended December 31, 2023). At €2.7 billion, Profit Industrial Business increased at nearly all industrial businesses to reach a record high for the first quarter of a fiscal year. On this basis, Siemens confirms its outlook for the current fiscal year 2024. As announced in November 2023, the company is also initiating a new share buyback program in the near term with a volume of up to €6 billion over a period of up to five years.
- Siemens one of few companies out of 21,000 to secure a place in the CDP Climate Change A List
- CDP rating recognizes Siemens’ strong approach in the area of climate change
In recognition
of its environmental leadership and comprehensive disclosure in the area of
climate change, Siemens has been included by the CDP on its annual Climate
Change A List, the highest possible performance ranking. CDP is a leading organization
evaluating corporate action on climate strategies. The non-profit assessed more
than 21,000 companies on the basis of data reported in its 2023 climate change
questionnaire. Siemens is one of the few companies to have received an “A” rating.
- Enhancing proven machine learning capabilities with generative AI creates a robust, comprehensive predictive maintenance solution that leverages the strengths of both.
- Using a conversational user interface, manufacturers can take proactive actions easily, saving both time and resources.
- New generative AI functionality in Senseye Predictive Maintenance makes predictive maintenance conversational.
Siemens is releasing a new generative
artificial intelligence (AI) functionality into its predictive maintenance
solution – Senseye Predictive Maintenance. This advance makes predictive
maintenance more conversational and intuitive. Through this new release of
Senseye Predictive Maintenance with generative AI functionality, Siemens will
make human-machine interactions and predictive maintenance faster and more
efficient by enhancing proven machine learning capabilities with generative AI.
- Leading electric two-wheel scooter brand expands adoption of software from the Siemens Xcelerator portfolio to help reduce design iterations, cycle times and explore the future of sustainable electric mobility solutions for the Indian market
- Expanded adoption of Product Lifecycle Management (PLM) solutions from Siemens Xcelerator now includes product engineering, virtual simulation and physical test for all existing and new vehicle platforms
Siemens Digital
Industries Software announced today that Ather Energy, one of India’s
foremost electric motorcycle brands, has expanded its adoption of the Siemens Xcelerator portfolio of
industry software to help the company reduce its design and engineering cycle
time, improve product
quality and achieve faster time to market.
- Siemens and Salesforce are collaborating to help manufacturers increase service efficiency and create new revenue streams
- Teamcenter Service Lifecycle Management (SLM) app connects Siemens’ leading Teamcenter Product Lifecycle Management (PLM) with Salesforce Manufacturing Cloud and Service Cloud, enabling integrated, cross discipline collaboration that drive digital transformation
- The new AI-based SaaS integration helps manufacturers build feedback loops between service execution and product development, enabling continuous innovation
Siemens Digital Industries Software announced today the new
Teamcenter® SLM app onSalesforce AppExchange. Developed by Siemens in collaboration with
Salesforce, the app connects product engineering and product service operations
by bringing together the Teamcenter Service Lifecycle Management solution from
the Siemens Xcelerator portfolio of industry software withSalesforce Manufacturing CloudandSalesforce Service Cloud. This new app enables manufacturers to adopt more
service-centric business models, improve the customer experience and increase
service revenue.
- Together with customers and partners including Sony, AWS, Red Bull Racing, Unlimited Tomorrow, and Blendhub, Siemens highlights how technology is transforming the everyday
- Siemens partners with Sony to introduce new solution for immersive engineering that combines Sony head mounted display with Siemens Xcelerator software
- AWS and Siemens to make generative AI more accessible to application developers through combination of AWS Bedrock and Mendix Low-Code platform
- Siemens enhances Siemens Xcelerator open business platform with new capabilities to combine real and digital worlds and drive digital transformation across industries
Siemens
unveiled innovations that are combining the real world and the digital worlds
to redefine reality as it opened CES 2024, the world’s leading technology gathering.
Siemens announced new partnerships and breakthroughs in AI and immersive
engineering to enable the industrial metaverse, and highlighted how these
technologies are empowering the world’s innovators to thrive using its open
digital business platform, Siemens Xcelerator.