- At €19.2 billion on a comparable basis, revenue was nearly unchanged year-over-year (Q2 2023: €19.4 billion)
- Orders in Q2 2024 reached €20.5 billion (Q2 2023: €23.6 billion), a decline of 12 percent on a comparable basis
- At €2.5 billion, Profit Industrial Business was close to the prior-year level (Q2 2023: €2.6 billion)
- Net income totaled €2.2 billion (Q2 2023: €3.6 billion); net income in Q2 2023 benefited from a tax-free gain of €1.6 billion from the partial reversal of an impairment of Siemens’ stake in Siemens Energy AG
- Free cash flow all-in at Group level was €1.3 billion (Q2 2023: €2.3 billion)
- Outlook at Group level confirmed
Siemens delivered solid performance in the second quarter, successfully meeting the high demand for digitalization and sustainability technology. Notably, the industrial software business showed strong growth with particularly high demand in the semiconductor industry. Demand from customers for the construction of data centers also showed strong momentum. Currently muted demand in the short-cycle automation business at Digital Industries, particularly in China and Europe, was largely offset by strong revenue development at Smart Infrastructure and Mobility. In addition, Siemens took a key step in focusing its portfolio with the sale of Innomotics to KPS Capital Partners for €3.5 billion.
- Siemens and Foxconn sign memorandum of understanding (MoU) highlighting joint commitment to sustainability
- Cooperation to define standards for the factory of the future and manufacturing processes
- Innovations to positively impact information and communications technology and electric vehicle production ecosystems
- Siemens Xcelerator portfolio to optimize Foxconn's operations for efficiency and agility
Siemens AG, a leading
technology company, and Hon Hai Technology Group (Foxconn), the
world's largest electronics manufacturer, have signed a memorandum of
understanding (MoU) to drive digital transformation and sustainability in smart
manufacturing platforms.
-
Generative
AI for industries: Siemens Industrial Copilot to be available on the Siemens Xcelerator Marketplace this summer
- Siemens and Schaeffler to sign memorandum of understanding to expand work to integrate Siemens Industrial Copilot into all areas of industry
- Live on stage: Siemens and NVIDIA show how they enable the industrial metaverse together
- World premiere of “Electrification X” for a wide range of IoT software-as-a-service offerings for transforming electrification infrastructure
- German Chancellor Olaf Scholz to be among high-ranking visitors at Hannover Messe’s largest booth
The industrial sector
is in need of digital transformation toward greater sustainability and resilience.
Value creation and actions for the planet must be brought into balance. Companies
need to do more with fewer resources. At Hannover Messe, Siemens will show how
proven, cutting-edge technology and strong partnerships enable industries to
become both more sustainable and more competitive. Visitors at Booth D53 in
Hall 9 will experience showcases featuring core technologies for digital and
sustainable transformation in the automotive, food, chemicals and
semiconductors industries.
- More than €100 million investment for new Siemens Technology Center in
Garching strengthens cutting-edge research and bolsters Germany’sinnovation strength
- Open research and innovation ecosystem fosters collaboration with the
Technical University of Munich (TUM), international research institutes and
leading companies
- Building complex meets the highest sustainability standards
- Focus on industrial artificial intelligence research supports Siemens’
leading position
Today, Siemens has opened the first building complex of the Siemens Technology
Center (STC) at Garching Research Campus, north of Munich, Germany. In addition
to Siemens, other institutions next to the Technical University of Munich (TUM),
such as the Max Planck Institute and SAP, are located there, with around 28,000
people working at this hub. As a result, the Garching Research Campus is one of
the largest centers for science, research and teaching in all of Europe.
Siemens has opened the first building complex of the Siemens Technology Center (STC) at Garching Research Campus of the TUM, north of Munich, Germany. In addition to Siemens, other institutions next to the Technical University of Munich (TUM), such as the Max Planck Institute and SAP are located there, with around 28,000 people working at this hub. As a result, the Garching Research Campus is one of the largest centers for science, research and teaching in all of Europe.
- With key leadership decisions, Supervisory
Board demonstrates confidence in the strategy and trajectory of Siemens AG as a
leading technology company
- Announcement of five-year contract
extension for Roland Busch (59) as President and CEO, from April 1, 2025
- Intention confirmed to extend appointment
of Cedrik Neike (51), member of the Managing Board and CEO of Digital
Industries, for a further five years from June 1, 2025
The Supervisory Board of Siemens AG confirmed a five-year contract extension for President and Chief Executive
Officer Roland Busch from April 1, 2025. The move is a mark of support for the
strategy of Siemens as a leading technology company, with the current Managing
Board driving three years of record financial performance and the further
strategic development of the company.
- Planned acquisition to strengthen Siemens’ position as a leading technology company in the field of factory automation and digitalization
- Strategic addition to the Siemens Xcelerator portfolio
- A business of ebm-papst, a leading supplier of fans and compact and intelligent mechatronic systems, which employs around 650 people
- Major growth opportunities in the field of intelligent, battery-powered drive solutions
Siemens AG
has signed an agreement to acquire the industrial drive technology (IDT)
business of ebm-papst. The business, which employs around 650 people, includes intelligent,
integrated mechatronic systems in the protective extra-low voltage range and
innovative motion control systems. These systems are used in free-range
driverless transport systems. The planned acquisition will complement the Siemens
Xcelerator portfolio and strengthen Siemens’ position as a leading solutions provider
for flexible production automation.
- New product connects Siemens Xcelerator with NVIDIA Omniverse Cloud
APIs to build collaborative, real-time, physically based visualization driven
by generative AI
- At NVIDIA GTC, Siemens and NVIDIA will join with HD Hyundai to
highlight how integrated visualization helps offer greater understanding and
insights
Siemens announced today that it will deepen its collaboration with
NVIDIA to help build the industrial metaverse. Siemens is bringing immersive
visualization powered by new NVIDIA Omniverse Cloud APIs
to the Siemens Xcelerator platform, driving increased use of AI-driven digital
twin technology. At the NVIDIA GTC, Siemens and NVIDIA demonstrated how
generative AI can revolutionize the visualization of complex data, making
photorealism possible, and showcased how sustainable shipbuilder HD Hyundai can
use it to develop new products.