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• Siemens AG and Siemens Healthineers provide immediate humanitarian assistance
• Internal call for donations: the company will match every euro donated by employees
• Siemens Caring Hands e.V. supports relief organizations in Türkiye and Syria

Siemens AG and Siemens Healthineers have provided immediate assistance of €500,000, respectively, to help the victims of the earthquake in Türkiye and Syria and to support rescue efforts. In addition, both companies have called on their employees for donations – every euro donated by their employees will be matched.

• Shareholders approve dividend proposal of €4.25 per share
• Large majority at Annual Shareholders’ Meeting ratifies the acts of the Managing and Supervisory Boards
• Annual Shareholders’ Meeting elects three new Supervisory Board members to join the oversight body and reelects four members

At the Siemens AG Annual Shareholders’ Meeting held today, the shareholders decided by a large majority of 99.75 percent to approve the Managing and Supervisory Boards’ proposal that a dividend of €4.25 per share entitled to a dividend be distributed for fiscal 2022. As a result, the dividend has been raised by €0.25 compared to the prior year, and Siemens has continued to pursue its progressive dividend policy in an impressive manner. In addition, with a large majority of the votes, the Annual Shareholders’ Meeting ratified the acts of the members of the Managing and Supervisory Boards for fiscal 2022. The number of people following the virtual Annual Shareholders’ Meeting peaked at more than 4,500. About 147 questions were asked at the event.

• 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.

• Revenue for the first quarter climbed 10% year-over-year, to €18.1 billion; orders came in very strong and well above revenue at €22.6 billion, 7% below Q1 FY 2022 which included extraordinarily high order intake at Digital Industries and Mobility; the book-to-bill ratio was robust at 1.25
• On a comparable basis, excluding currency translation and portfolio effects, revenue rose 8% and orders declined 8%
• Profit Industrial Business increased 9%, to €2.7 billion, with a profit margin of 15.6%, driven by sharp profit increase in Smart Infrastructure and substantially higher profit in Digital Industries
• Net income was €1.6 billion; corresponding basic earnings per share (EPS) were €1.87 and EPS before purchase price allocation accounting (EPS pre PPA) were €2.08

• BASF, BMW Group, Henkel, Mercedes-Benz, SAP, Schaeffler, Siemens, T-Systems, Volkswagen and ZF jointly founded Cofinity-X to accelerate the operation and adoption of Catena-X use-cases throughout the automotive industry.
• Cofinity-X aims to operate an open marketplace for applications and provide products and services to enable the efficient and secure exchange of data between all participants of the ecosystem initially focusing on the European market.
• Cofinity-X will help to make important progress with the operationalization and build-up of end-to-end data-chains to trace material flows throughout the entire value chain.
• Basis for the operation will be the trusted Catena-X and Gaia-X principles ensuring full data sovereignty for data sharing parties in an open, trusted, collaborative, and secure environment.

With the foundation of Cofinity-X the shareholders BASF, BMW Group, Henkel, Mercedes-Benz, SAP, Schaeffler, Siemens, T-Systems, Volkswagen and ZF initiate the next step in Europe to foster the Catena-X initiative. Cofinity-X strives to be one of the first operating companies which aims to provide products and services for the secure exchange of data throughout the entire automotive value chain.

• Siemens Advanta expands its footprint in the United Kingdom
• Vendigital is a leading UK-based Operations Consultancy
• Complementary capabilities to add value for Siemens’ clients

Siemens has acquired the UK-based consulting company Vendigital, which will become part of Siemens Advanta, the professional services business unit of Siemens. The transaction was signed and closed on December 22, 2022.

• Siemens technology and capital is aiding 80 Acres Farms and its technology subsidary, Infinite Acres, in expansion to  meet global food supply demands
• Siemens hardware and software solutions provide key technologies for 80 Acres' farm facilities and operations via Infinite Acres' Loop platform

Siemens announced its collaboration with 80 Acres Farms, a leader in the indoor farming industry. With five production farms in southwestern Ohio, a new farm in Florence, Kentucky, a future farm in Covington, Georgia, and R&D facilities in Arkansas and the Netherlands, 80 Acres Farms specializes in growing the next generation of food — food grown in eco-friendly indoor farms closer to consumers’ tables. 

• More than €12 million for aid projects and humanitarian organizations to date
• Siemens continues to match all employee donations to Siemens Caring Hands e.V.
• More than 60 aid projects implemented by different organizations
• Focus on support for improving access to medical care
• Further support for maintaining and rebuilding critical infrastructure

The war in Ukraine continues to force people to flee the affected areas. Low winter temperatures are exacerbating the precarious situation of the people living there. To provide further help to those affected, Siemens AG and Siemens Healthineers AG are extending their aid campaign and will continue to match every euro donated by their employees to Siemens Caring Hands e.V. Through this charitable organization, the two companies have collected more than €12 million in donations so far since the outbreak of the war. These donations have already enabled various organizations to implement more than 60 aid projects. The projects have ranged from supplying food and medicine to providing clothing and temporary refugee accommodation for Siemens employees and their families, and for anyone in need in Ukraine.