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• Investment of €1 billion planned in Germany, €500 million for new Technology Campus in Erlangen
• Part of €2 billion global investment strategy in 2023 for boosting growth, innovation and resilience across all regions
• Further investments in Europe and the U.S.
• New campus to become global development and manufacturing hub and nucleus for technology activities for industrial metaverse
• Erlangen location to promote and accelerate ecosystem of partners from business and scientific communities
• Transition to environmentally sustainable net-zero location

Siemens is rigorously executing its announced €2 billion investment strategy. Of this amount, the company plans to invest around €1 billion in Germany, thereby boosting the country’s innovative strength. In the presence of German Chancellor Olaf Scholz, the technology company today announced the establishment of its new Technology Campus in Erlangen, Germany, with investments of around €500 million in the expansion of development and manufacturing capacities. As a result, Siemens is establishing the Erlangen location as a global research and development hub and the nucleus of global technology activities for the industrial metaverse. These steps will enable Siemens to accelerate its overall growth, drive innovation and increase its resilience.

• 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.

• 6.8 percent stake transferred to Siemens Pension-Trust e.V.
• Transfer strengthens Siemens’ pension assets in Germany
• Move reduces Siemens’ consolidated investment in Siemens Energy AG from 31.9 percent to 25.1 percent

Siemens AG has transferred a 6.8 percent stake in Siemens Energy AG to Siemens Pension-Trust e.V. on June 28, 2023. As a result, Siemens AG’s stake in Siemens Energy AG declines to 25.1 percent. With this move, Siemens is executing its previously announced plans to reduce its investment in Siemens Energy. By transferring the shares to Siemens Pension‑Trust e.V., Siemens is strengthening its pension assets in Germany.

• Ramp up of global investment in new high-tech factories, innovation labs and education centers to expand leadership in digitalization, automation and sustainability
• Total investments of €2 billion mainly in manufacturing capacity expansion to be disclosed this year
• Following investments in Germany and in the U.S., Siemens expands its production network and R&D capacities in Asia
• New high-tech factory in Singapore announced today to serve growing markets in Southeast Asia
• Expansion of digital factory in Chengdu to boost further growth in China
• Additional investments in Europe and U.S. to be announced  

To boost future growth, drive innovation and increase resilience, Siemens today presented its investment strategy which includes €2 billion mainly for new manufacturing capacity as well as innovation labs, education centers and other own sites. Siemens today announced a new high-tech factory in Singapore, to serve the booming Southeast Asia markets.

• Siemens has partnered with UN Women Germany through the African Girls Can Code Initiative (AGCCI) to train girls and young women in Africa in digital and further skills
• Hybrid event in Johannesburg kicks off the training program that starts operation now and will benefit over 600 young women across South Africa, Kenya, Senegal, Rwanda and Uganda.
• Siemens has made €780,000 available to enhance employability and will provide laptops to all participants in order to support coding camps focused on digital literacy, coding, personal development and work readiness skills.
• In the context of a comprehensive 6-month mentoring program “SieMent EmpowHer,” developed by Siemens South Africa, the young women will spend a whole day with their experienced female mentors from around the world.

Siemens has partnered with United Nations (UN) Women Germany for an upskilling program of more than 600 young African women in South Africa, Kenya, Rwanda, Senegal, and Uganda. The joint initiative was launched in April 2022. Now, the first round of workshops has started. A hybrid event, hosted by Siemens South Africa, will kick off the African Girls Can Code (AGCCI) coding camp and the SieMent EmpowHer mentorship program. 

• Revenue and orders for the second quarter each increased 15% on a comparable basis, excluding currency translation and portfolio effects
• On a nominal basis, revenue climbed 14% year-over-year, to €19.4 billion; orders rose 13%, to €23.6 billion, driven by substantially higher volume from large orders in Mobility; the book-to-bill ratio was 1.22
• Profit Industrial Business surged 47%, to €2.6 billion, with a profit margin of 14.2%; Digital Industries and Smart Infrastructure both delivered sharp increases and their highest-ever quarterly profit, while Mobility posted a profit compared to a loss in Q2 FY 2022 which included a €0.6 billion impact resulting from sanctions imposed on Russia
• As a result net income rose to €3.6 billion, also benefiting from reversal of an impairment of Siemens’ stake in Siemens Energy AG resulting in a tax-free gain of €1.6 billion; corresponding basic earnings per share (EPS) were €4.39 and EPS before purchase price allocation accounting (EPS pre PPA) were €4.57, each including €2.01 per share related to the impairment reversal
• Excellent Free cash flow from continuing and discontinued operations, reaching €2.3 billion for the quarter

• 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.