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• Overall contract from Ruhrbahn GmbH for renewing control and safety technology by 2031
• Relay interlockings in Essen and Mülheim an der Ruhr, Germany, will be replaced by electronic interlockings
• Total investment worth around €180 million

Siemens Mobility and Ruhrbahn GmbH will digitalize control and safety technology dating from the 1970s in Essen and Mülheim an der Ruhr by 2031 to ensure the system is fit for the future. The contract, worth around €180 million, was signed recently by the partners and includes digitalizing Europe’s largest light rail interlocking system at Essen Central Station. The modernization will make the interlocking system more reliable and energy efficient. Sixty percent of the costs for the renewal of the interlockings will be funded by the municipal rail renewal program with state and federal funds; the funding is currently expected to total around €96 million.

• With its new digital bond, Siemens supports the tests by European Central Bank (ECB) of distributed ledger technology (DLT) for the settlement of securities with central bank money
• The bond has a volume of €300 million and a maturity of one year
• Siemens thus remains a pioneer in the ongoing digitalization of the capital and securities markets

Siemens has again issued a digital bond in accordance with Germany’s Electronic Securities Act (Gesetz über elektronische Wertpapiere, eWpG). Following the successful issuance of its first digital bond last year, the company is thus continuing to play a pioneering role in the application of the latest technologies on the capital markets. By using blockchain technology once again, Siemens is underscoring its claim to continuously develop digital solutions for the financial markets. In issuing the bond, the company is supporting the trials by the Eurosystem and the Bundesbank in particular, that are aimed at testing blockchain technology for the digital financial market.

• Framework contract for 70 locomotives, including an initial order for 35 locomotives
• Multiple variants including Vectron Multi-System and Vectron Dual Mode
• Includes the first ever Vectrons for France
• Extension of the existing service contract to cover maintenance in Belgium and France

Alpha Trains, the largest private rolling stock lessor in Continental Europe, is proud to announce the expansion of its fleet by up to 70 Vectron locomotives. 

• More than 1,700 apprentices and university students in work-study programs in Germany to begin careers at Siemens in new training year
• New, integral training component to promote understanding of democracy and fundamental values
• SIEYA webapp for career orientation and talent acquisition and retention to offer interactive world of experience

More than 1,700 apprentices and university students in work-study programs in Germany will begin their professional careers at Siemens in the new 2024 training year (2023: 1,500). In addition to technology, digitalization and sustainability, the innovative, future-oriented curriculum will focus above all on fostering the basic skill sets needed for effective decision-making. The promotion of values and the understanding of democracy – a new, integral training component – will be a further focus, allowing Siemens to send a strong signal regarding the importance of social responsibility in an increasingly digitalized world.  

• A chair mounted on a track system helps people with handicaps delight in the beach without any outside help
• More than 250 beaches around the world are already accessible
• Siemens technology makes operations efficient, reliable and uninterrupted, even in difficult coastal environments
• Siemens and TOBEA show how cutting-edge technology can have a positive social impact
• Innovation promotes equal opportunity and improves everyone’s quality of life

The “SEATRAC” system, enabled by Siemens technology and developed by TOBEA, an innovative tech start-up based in Patras, Greece, creates a unique way for individuals with disabilities to experience life at the beach and take a dip in the sea without any outside assistance. SEATRAC consists of a specially developed chair mounted on a track system. This system enables individuals to safely glide into the water and return to land without any outside help. The technology gives individuals more control over their lives, promotes inclusion and guarantees equal opportunity for all. The system has already been installed at more than 250 beaches around the world. 

• Supplemental scope to design, supply, install, test, and commission power supply system for Cross Island Line
• Third order for Siemens Mobility on the Cross Island Line, following the orders for the Overhead Catenary Rigid Power Supply system and Trainguard MT CBTC signaling systems and full-height platform screen doors

Siemens Mobility has been appointed by the Singapore Land Transport Authority to lead a consortium with Concord Corporation Pte Ltd for the design, supply, installation, testing, and commissioning of the power supply system for Singapore's eighth and newest Mass Rapid Transit system, the Cross Island Line. The contract value of the consortium has a volume of approximately 270 million Euros.

• Revenue rose 5 percent year-over-year on a comparable basis to €18.9 billion (Q3 2023: €18.1 billion)
• Orders in Q3 2024 reached €19.8 billion (Q3 2023: €23.5 billion), down 15 percent on a comparable basis vis-à-vis a very strong Q3 2023
• Profit Industrial Business increased 11 percent to €3.0 billion (Q3 2023: €2.7 billion)
• Net income climbed 48 percent to €2.1 billion (Q3 2023: €1.4 billion)
• Free cash flow all-in at Group level totaled €2.1 billion (Q3 2023: €3.0 billion)
• Outlook confirmed

Siemens continued its profitable growth trajectory again in the third quarter. Overall, the company clearly increased its net income and profit margin and thus demonstrated its financial strength once again. With a sustained large order backlog, which totaled €113 billion in Q3, and a book-to-bill ratio greater than 1, Siemens is optimally equipped for the future.

• Third-quarter revenue rose 5% on a comparable basis, excluding currency translation and portfolio effects; comparable orders came in 15% lower than in Q3 FY 2023, which included a record-high level of orders in Mobility
• On a nominal basis, revenue increased 4% to €18.9 billion; orders were down 16% at €19.8 billion but exceeded revenue for a book-tobill ratio of 1.05, and the order backlog remained on a high level at €113 billion
• Profit Industrial Business rose 11% to €3.0 billion, and the profit margin reached 16.5%, well above the prior-year quarter
• Net income was €2.1 billion, with corresponding basic earnings per share (EPS) of €2.51 and EPS before purchase price allocation accounting (EPS pre PPA) of €2.66