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• Siemens publishes Sustainability Report of fiscal year 2023 showing strong progress towards ambitious targets
• CO2 emissions in own operations halved since 2019
• Approximately 190 million tons customer emissions avoided with Siemens’ products and solutions sold in FY 2023 (24 percent improvement)
• €416 million invested in training and continuing education across the Siemens Group (up 11 percent)
• Nearly one-third of the company’s top management positions are held by women

Siemens has published its fiscal year 2023 Sustainability Report which demonstrates strong progress towards a range of targets. Since the baseline year of fiscal 2019, the CO2 emissions within Siemens’ own operations have been halved. In addition, more than 90 percent of Siemens’ business enables customers to have a positive sustainability impact: With the aid of Siemens technologies sold in fiscal 2023, customers will avoid around 190 million tons of CO2 emissions – an improvement of about 24 percent over the prior year.

• Siemens and Intel to collaborate to advance semiconductor manufacturing production efficiency and sustainability across scopes 1-3 of the value chain
• Semiconductors are crucial for the global economy and for lowering carbon footprints across economies by enabling sustainable solutions
• Intel and Siemens will leverage their respective portfolios of cutting edge IoT solutions, along with Siemens automation solutions to enhance semiconductor manufacturing efficiency and sustainability

Siemens AG, a leading technology company, and Intel Corporation, one of the world’s largest semiconductor companies, have signed a Memorandum of Understanding (MoU) to collaborate on driving digitalization and sustainability of microelectronics manufacturing. The companies will focus on advancing future manufacturing efforts, evolving factory operations and cybersecurity, and supporting a resilient global industry ecosystem. 

• Revenue rose 10% and orders grew 6% in the fourth quarter on a comparable basis, excluding currency translation and portfolio effects
• On a nominal basis, revenue was up 4%, at €21.4 billion, on record-high revenues in all industrial businesses, while orders came in level with the prior-year period, at €21.8 billion, for a book-to-bill ratio of 1.02
• Profit Industrial Business increased 7%, to €3.4 billion, the highest quarterly level ever; the profit margin was 16.5%
• Net income was €1.9 billion; for comparison, net income of €2.9 billion in Q4 FY 2022 benefited from a €1.1 billion pretax gain on the sale of the mail and parcel-handling business; corresponding basic earnings per share (EPS) were €2.17 and EPS before purchase price allocation accounting (EPS pre PPA) were €2.34
• Another excellent performance in cash generation resulted in €4.6 billion of Free cash flow for the Siemens Group
• In a historic operating performance for the full fiscal year, comparable revenue grew 11%, reaching the upper end of our raised guidance, and comparable orders increased 7%; on a nominal basis, revenue increased 8%, to €77.8 billion, and orders were up 4%, at €92.3 billion, for a book-to-bill-ratio of 1.19
• Fiscal 2023 Profit Industrial Business grew 11% year-over-year to a record-high €11.4 billion; net income nearly doubled to a historic high of €8.5 billion, corresponding basic EPS more than doubled to €10.04, and EPS pre PPA reached €10.77; we thus exceeded our guidance with EPS pre PPA of €9.93 excluding Siemens Energy Investment, which contributed €0.84 to EPS pre PPA; Free cash flow for the Siemens Group reached a record high of €10.0 billion
• Siemens proposes to increase the dividend from €4.25 a year earlier to €4.70 per share

• Orders in fiscal 2023 rose 7 percent on a comparable basis to €92.3 billion (fiscal 2022: €89.0 billion)
• Revenue in fiscal 2023 grew 11 percent on a comparable basis to €77.8 billion (fiscal 2022: €72.0 billion)
• New record highs: Profit Industrial Business of €11.4 billion (fiscal 2022: €10.3 billion); profit margin Industrial Business climbed to 15.4 percent (fiscal 2022: 15.1 percent)
• Free cash flow for Siemens Group at record level of €10.0 billion (fiscal 2022: €8.2 billion)
• Net income nearly doubled to historic high of €8.5 billion (fiscal 2022: €4.4 billion)
• Increased dividend of €4.70 per share proposed (fiscal 2022: €4.25)
• Innomotics: Preparation of standalone options to be initiated
• Outlook for fiscal 2024: Siemens expects revenue growth of 4 percent to 8 percent on a comparable basis and basic earnings per share before purchase price allocation accounting, excluding the Siemens Energy Investment, of between €10.40 and €11.00

Siemens successfully continued its profitable growth trajectory and set multiple new records in fiscal 2023 (ended September 30, 2023). In a historic, record-breaking performance by Siemens’ operating business, revenue for the full year rose 11 percent on a comparable basis – excluding currency translation and portfolio effects – to the upper end of the company’s raised guidance (9 percent to 11 percent). The profit and profitability of the Industrial Business reached new record levels as did net income. Shareholders are also to benefit from the company’s outstanding performance. The Supervisory Board and Managing Board propose increasing the dividend from €4.25 in fiscal 2022 to €4.70 a share.

• Siemens intends to acquire 18% in Siemens Ltd. India for a purchase price of 2.1 billion euro
• Siemens and Siemens Energy will jointly propose to the Board of Directors of Siemens Ltd. India to separate the energy business by way of a demerger
• Simplification of corporate setup in one of the fastest growing and strategically important markets
• Siemens has agreed with Siemens Energy indirect financial measures totaling one billion euro to allow third parties to arrange guarantees for Siemens Energy

Siemens AG has taken measures to support the stability of Siemens Energy AG and accelerate separation in India – in the best possible interests of all parties. Specifically, Siemens intends to enter into a share purchase agreement with Siemens Energy to acquire an 18% stake in Siemens Ltd. India from Siemens Energy for a purchase price of 2.1 billion euro in cash. This would increase Siemens’ stake in the publicly listed Siemens Ltd. India from 51% to 69%, while Siemens Energy’s stake would decrease from 24% to 6%. With the intended acquisition, Siemens and Siemens Energy accelerate unbundling the business activities of the Indian subsidiary of Siemens. The purchase price reflects a customary discount of 15% on the 5-trading-days volume-weighted average price before the day of signing. Siemens will provide no new guarantees to Siemens Energy. 

• Siemens and Schaeffler integrate generative AI-powered assistant in a production machine – world premiere at SPS trade show
• Industrial Copilot will optimize engineering and support operations – and it’s easy, fast and efficient
• Industrial Copilot is key to addressing the qualified workforce shortage

Technology company Siemens is harnessing the power of generative artificial intelligence (AI) to help industrial companies drive innovation and efficiency across the design, engineering, manufacturing and operational lifecycle of products. At the Smart Production Solutions (SPS) trade show in Nuremberg, Siemens and the motion technology company Schaeffler are showcasing a production machine that is augmented with the Industrial Copilot for the first time. The two companies are demonstrating how the Industrial Copilot can augment Siemens’ industrial automation engineering and operation solutions.

• Total U.S. investments to support high-growth markets like data centers, batteries, semiconductors, EV charging and rail transportation
• New US$150 million investment in Dallas-Fort Worth production of critical electrical infrastructure equipment to help power U.S. data centers and accelerate adoption of artificial intelligence (AI)
• Already announced: US$220 million rail manufacturing plant to bolster U.S. infrastructure and mobility
• All investments to create a total of around 1,700 jobs in the U.S.
• Part of €2 billion global investment strategy to boost growth, innovation and resilience

Today, Siemens announced an investment of US$150 million in a new high-tech manufacturing plant in Dallas-Fort Worth to help power American data centers and critical infrastructure. This plant will produce state-of-the-art reliable and efficient electrical equipment. It will enable accelerated growth of U.S. data centers, which is being driven by the exponential adoption of generative AI. It will also ensure secure operation of critical infrastructure. This investment specifically supports long-term customers in the data center space, where demand is expected to grow by around ten percent annually through 2030. 

• Companies introduce Siemens Industrial Copilot, a generative AI-powered assistant, designed to enhance human-machine collaboration and boost productivity.
• Companies will work together to build additional copilots for manufacturing, infrastructure, transportation, and healthcare industries.
• Leading automotive supplier, Schaeffler AG, is an early adopter of Siemens Industrial Copilot.
• In addition, the Siemens Teamcenter app for Microsoft Teams will be generally available in December 2023 and accelerate innovation across the product lifecycle.

Microsoft and Siemens are deepening their partnership by bringing the benefits of generative AI to industries worldwide. As a first step, the companies are introducing Siemens Industrial Copilot, an AI-powered jointly developed assistant aimed at improving human-machine collaboration in manufacturing. In addition, the launch of the integration between Siemens Teamcenter software for product lifecycle management and Microsoft Teams will further pave the way to enabling the industrial metaverse. It will simplify virtual collaboration of design engineers, frontline workers, and other teams across business functions. 

• Opportunities from European Unitary Patent, above all, in digital technologies
• Offerings on Siemens Xcelerator platform can be protected much more effectively with European Unitary Patent

Siemens is at the forefront of unitary patent applications. The European Unitary Patent – together with the associated Unified Patent Court (UPC) – started in June 2023. Since then, the European Patent Office has received more than 12,000 applications for the new European Unitary Patent – most of these applications came from Siemens.