- 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.
- 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.
- 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.
We released our third quarter results for fiscal year 2024 on August 8, 2024. The Press Conference Call (08:00 a.m., CEST) and the Analyst Call (09:30 a.m., CEST) were broadcast live.
- The Supervisory
Board of Siemens AG announced the expansion of the Managing Board
- Five-year contract extension of Cedrik Neike (51),
member of the Managing Board of Siemens AG and CEO of Digital Industries, from
June 1, 2025
- Peter Koerte (48)
appointed member of the Managing Board of Siemens AG and Chief Technology and Chief
Strategy Officer with responsibility for Siemens Xcelerator and Siemens
Advanta, effective October 1, 2024
- Veronika Bienert
(51) appointed member of the Managing Board of Siemens AG and CEO Siemens
Financial Services with responsibility for the service portfolio of Siemens
Real Estate and Global Business Services, effective October 1, 2024
- Proposal to extend Jim
Hagemann Snabe’s role as Chairman of the Supervisory Board of Siemens AG for
two years, from February 2025
The
Supervisory Board of Siemens AG today announced leadership appointments to
build on the company’s position of strength and accelerate value creation as a
leading technology company. The current Managing Board has led the company
through three record years of financial performance and strategic developments
to accelerate the digital and sustainability transformations of its customers.
- Annette Kraus to take the role of
Executive Vice President Social and Industrial Relations and People &
Organization (P&O) Germany
- Hanno Kunkel succeeds Annette Kraus
as Chief Compliance Officer, Head of the Compliance organization and Human
Rights Officer
Annette
Kraus (48) will take over an expanded role within the People & Organization
leadership team. Effective October 1, 2024, she will assume the role of
Executive Vice President Social and Industrial Relations and People &
Organization Germany, moving on from her role as Chief Compliance Officer for
Siemens AG.
- Use in Salzburg Festival’s Großes Festspielhaus to be first-time application
- Digital twin to enable audio-visual experience of digital event spaces
- Software to simulate acoustics, orchestral formations and concert hall configurations
Siemens has developed a digital twin especially for large event spaces. The technology makes it possible to realistically reproduce and simulate very precisely a building’s acoustics and structure. The Sound of Science application will be used for the first time in the Großes Festspielhaus – the Large Festival Hall – at the Salzburg Festival. Sound of Science will enable event organizers to virtually explore how acoustics change in different spatial configurations – for example, how adding acoustic panels affects the listening experience – in order to select the optimal acoustic scenario. Orchestral formations on the stage can also be tested and arranged in advance – before a single note is heard in the real world. This approach saves money, resources and time.