- 137th ICE 4 christened “Spree” at the Berlin Central Station
- Fleet expansion continues: DB will take delivery of a new ICE every three weeks on average this year
(Berlin, March 19, 2024) With the delivery of
the 137th train, the ICE 4 fleet of Deutsche Bahn (DB) is now
complete. The punctually delivered train was christened “Spree” in Berlin
today. Richard Lutz, CEO of DB, Volker Wissing, Federal
Minister for Digital Affairs and Transport, Manja Schreiner, Senator for
Mobility, Transport, Climate Protection and the Environment in Berlin, Michael
Peterson, DB Member of the Management Board for Long Distance Passenger
Transport, and Roland Busch, CEO of Siemens AG, took part in the official
naming ceremony at the Berlin Central Station. The 7-car ICE 4 was christened
with water from the Spree River in Berlin. Manufacturer Siemens Mobility has delivered 137 ICE 4 trains in three
different variants since 2016 – totaling over 1,500 cars with around 105,000
seats. Today’s ceremony marked the completion of the largest procurement
program in DB’s history.
- On March 8, 1899, Siemens shares
were traded for the first time on the Berlin Stock Exchange
- As a result, Siemens is one of the
oldest continuously listed companies in German stock-exchange history
- Progressive internationalization of
shareholder structure
- One of
the world’s largest employee share programs
Today, Siemens is celebrating its 125th year on the stock exchange. On
March 8, 1899, Siemens shares were traded for the first time on the
floor of the Berlin Stock Exchange. As a result, Siemens is one of the oldest
continuously listed companies in Germany’s stock-exchange history. One hundred
and twenty-five years later, Siemens remains a leading technology company in
the fields of industry, infrastructure, transport, and healthcare and is one of
the top 100 most valuable companies in the world.
- Siemens
Mobility to replace its current rail infrastructure site in Chippenham, Wiltshire
with a state-of-the-art factory, digital engineering, and R&D facility.
- The
new factory is expected to be operational by 2026, strategically positioned to
meet the growing demand in rail technology.
- Approx.
800 local manufacturing, research, engineering, and support staff will
transition to the new site.
Siemens Mobility is investing
€115 million to establish a cutting-edge rail infrastructure manufacturing,
digital engineering and research & development (R&D) center in
Chippenham, UK. This investment highlights the commitment to innovation,
sustainability, excellence, and meeting the growing demand for rail
infrastructure in Britain and worldwide. The new facility, set to replace the
existing factory in 2026, will be vital for Siemens Mobility's future projects in rail technology, providing
an efficient site to build the next generation of conventional and digital rail
signaling and control systems for Britain. The transition, including the
transfer of all local staff, totaling approximately 800, will not cause any interruption
in production.
- Siemens Mobility founds subsidiary Smart Train
Lease GmbH
- Innovative rental model for Mireo Smart trains offers
fast and flexible adjustment of fleet capacity
- State-of-the-art battery, hydrogen, and
electric multiple-unit trains including maintenance
Siemens Mobility has
founded the subsidiary Smart Train Lease GmbH to enable customers to flexibly
supplement their fleets with rented state-of-the-art battery, hydrogen, and
electric multiple-unit trains. The Mireo Smart trains from Siemens Mobility are
available at short notice, approved for operation, and meet all required
standards for modern regional passenger transport. By providing preconfigured
trains and additional services such as maintenance, this new offer provides an
economical alternative for quickly and flexibly expanding fleets. It also
enables customers to easily test innovative and sustainable rail technologies. Smart
Train Lease GmbH is initially offering this rental model in Germany and plans
to expand it throughout Europe in the medium term.
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.”
- 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.
- 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.
- 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.