- 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.
- Innomotics, a leading supplier of
motor and large-drive systems, has launched with a new brand identity
- As of July 1, 2023, Innomotics has
become a separately managed Siemens subsidiary in Germany
- Global carveout is on track and is to
be largely completed by October 1, 2023
- Operating headquarters are in
Nuremberg, Germany, for the new company, which employs about 15,000 people
globally and generates more than €3 billion in revenue
Innomotics has
launched in Germany as a separately managed legal entity as of July 1,
2023. Under a single roof, the supplier of motors and large drives brings together
business activities with low- to high-voltage motors, geared motors,
medium-voltage converters and motor spindles as well as project and service
offerings for this product portfolio. The company’s operating headquarters are
located in Nuremberg, Germany. The carveout in Germany has now been completed. The
global carveout is also to be largely completed by the beginning of the new
fiscal year on October 1, 2023. In the future, Innomotics will comprise the previous
corresponding businesses from the units Large Drives Applications and Digital
Industries, as well as the separately managed Siemens companies Sykatec and
Weiss Spindeltechnologie. Worldwide, around 15,000 people are working at
Innomotics to realize growth potential and thus secure the company’s future market
success as a trailblazing specialist for motors and large drives.
- Several records in Q2 2023, including impressive margin increases and all-time highs in profit for Digital Industries and Smart Infrastructure, as well as another record order backlog
- At €23.6 billion, orders reached a very high level (Q2 2022: €21.0 billion)
- Revenue rose 15 percent on a comparable basis to €19.4 billion(Q2 2022: €17.0 billion)
- Profit Industrial Business surged 47 percent to €2.6 billion (Q2 2022: €1.8 billion)
- Net income nearly tripled to €3.6 billion (Q2 2022: €1.2 billion)
- Excellent free cash flow all-in at Group level totaled €2.3 billion (Q2 2022: €1.3 billion)
- Outlook for revenue growth and earnings per share pre PPA effects raised again
Siemens continued
its strong growth momentum also in Q2 2023 (ended March 31, 2023). The
quarter was characterized by very strong order intake, outstanding revenue
growth driven by substantial increases at Digital Industries, Smart
Infrastructure and Mobility, and higher Profit Industrial Business, including
sharp increases at Smart Infrastructure and Digital Industries, which both
achieved their highest-ever quarterly profit. Following the strong first half of fiscal 2023, Siemens
is again raising its outlook for the fiscal year.
- Together for Sustainability – an initiative of 47 chemical companies – chooses Siemens’ “Sigreen” solution for digital exchange of Product Carbon Footprint (PCF) data
- Pilot project aims to demonstrate the scalability of PCF data exchange across an entire industry
- Chemical industry is a pioneer in product-related environmental data
Together for Sustainability (TfS) and Siemens are announcing a partnership on decarbonization to advance the overall sustainability of the chemical industry. TfS is a global initiative to promote sustainability in the chemical industry’s supply chain, consisting of 47 international companies, including some of the largest chemical groups. Siemens, a leading technology company and supplier of automation and industrial software, will leverage the power of its Sigreen solution, a tool to track and manage product carbon footprint (PCF) and part of the Siemens Xcelerator portfolio.
- World premiere of “Industrial Operations X” for highly flexible industrial processes; plus new use cases with “Building X” – a scalable digital platform for buildings
- Offerings part of Siemens Xcelerator – an open, digital business platform
- German Chancellor Olaf Scholz to visit Siemens’ booth, D53 in Hall 9
Strained
supply chains, geopolitical uncertainties, skilled-labor shortages and climate
change are increasing the pressure to digitalize and automate value chains –
always with the aim of becoming faster, more adaptable and more resilient. For
this reason, Siemens will use “Accelerate Transformation” as its motto for
Hannover Messe 2023, where it will be showcasing how new offerings from its open,
digital business platform, Siemens Xcelerator, enable customers’ digital
transformation in industry and infrastructure faster and at scale. Using the
concrete example of an industrial plant for battery production, Siemens will
show how to rapidly transform production facilities to enable manufacturing
operations that are digital from end to end. In addition, the Siemens Digital
Experience Platform enables virtual visits to the Siemens booth – which, at a
total of 2,800 square meters, is Hannover Messe’s largest.
In the
context of regular assessments at the end of the second quarter of fiscal 2023,
Siemens AG announces an impairment reversal of its investment in Siemens Energy
AG (SE) which will increase the investment book value. Siemens Energy AG's
Xetra closing share price of €20.24 on March 31, 2023, is significantly higher
than the closing share price of €13.99 on June 30, 2022, when Siemens reported
an impairment of the Siemens Energy AG investment. This results in an
impairment reversal, at the end of second quarter of fiscal 2023 ending today,
with a non-cash income effect after tax of €1.59 billion not part of the
outlook for the current fiscal year. Financial results for the second quarter are scheduled to be published
on May 17, 2023.
- First digital bond on a public blockchain in accordance with Germany’s Electronic Securities Act (eWpG)
- Siemens is a pioneer in the ongoing digital transformation of capital and securities markets
- The bond has a volume of €60 million and maturity of one year
- Bond sold directly to investors
- Classic payment via bank account
Siemens is one of the first
companies in Germany to issue a digital bond, in accordance with Germany’s
Electronic Securities Act (Gesetz über elektronische Wertpapiere, eWpG).
Worth 60 million, it has a maturity of one year and is underpinned by a public
blockchain. Issuing the bond on a blockchain offers a number of benefits
compared to previous processes. For instance, it makes paper-based global
certificates and central clearing unnecessary. What’s more, the bond can be
sold directly to investors without needing a bank to function as an
intermediary.
- Continuing growth momentum and very good results in Q1
- Revenue up 8 percent on a comparable basis to €18.1 billion
(Q1 2022: €16.5 billion)
- At €22.6 billion, orders at a high level (Q1 2022: €24.2 billion)
- Profit Industrial Business at €2.7 billion – a 9 percent increase and at a record level in Q1 2023 (Q1 2022: €2.5 billion)
- Net income of €1.6 billion (Q1 2022: €1.8 billion)
- Guidance raised: Siemens now expects comparable revenue growth in the range of 7 percent to 10 percent (previously expected at 6 percent to 9 percent) and an increase in basic EPS pre PPA to a range of €8.90 to €9.40 (previously expected at €8.70 to €9.20)
Siemens started
fiscal 2023 (to December 31, 2022) with a strong performance and maintained its
continuing growth momentum with very good results in Q1. The company leveraged
growth opportunities in its key markets despite a still complex macroeconomic
environment. Following the strong start in fiscal 2023, Siemens raises its
outlook for fiscal 2023. For the Siemens Group, the company now expects
comparable revenue growth, net of currency translation and portfolio effects,
in the range of 7 percent to 10 percent (previously expected at 6 percent to 9 percent)
and continues to expect a book-to-bill ratio above 1. Furthermore, Siemens now
expects this profitable growth of its industrial businesses to drive an
increase in basic EPS from net income before purchase price allocation
accounting (EPS pre PPA) to a range of €8.90 to €9.40 (previously expected at
€8.70 to €9.20) in fiscal 2023.