Todd Weatherby
(58) has been appointed as Chief Executive Officer Siemens Advanta, leading the
professional services and consultancy business as of March 1, 2024. Todd has
held leadership roles in product management, business development and sales
with several technology companies including Oracle, Microsoft and Amazon. He
launched Amazon Web Services ProServe and led its impressive growth for a
decade from 2012.
Cedrik Neike, CEO Siemens Digital Industries
and the Member of the Managing Board responsible for Siemens Advanta, said;
“Todd has deep expertise in the professional services space within the tech
sector. As an experienced leader, he will support the continued growth of
Siemens Advanta. We welcome him to Siemens and look forward to supporting him
as he works to help our customers leverage the power of technology.”
- Orders in Q1 2024 reached €22.3 billion (Q1 2023: €22.6 billion); an increase
of 2 percent on a comparable basis
- Revenue rose 6 percent on a comparable basis to €18.4 billion (Q1 2023:
€18.1 billion)
- Profit Industrial Business totaled €2.7 billion (Q1 2023: €2.7 billion); profit
margin Industrial Business increased to 15.8 percent (Q1 2023: 15.7
percent)
- Free cash flow at Group level rose sharply year-over-year to €1.0 billion
(Q1 2023: €0.1 billion)
- Net income climbed 56 percent to €2.5 billion (Q1 2023: €1.6 billion)
- Outlook for fiscal 2024 confirmed
- Virtual Annual Shareholders’ Meeting to vote on dividend proposal of €4.70
per share for fiscal 2023 (fiscal 2022: €4.25)
Siemens made a successful start to fiscal 2024 with a strong performance in the first quarter (ended December 31, 2023). At €2.7 billion, Profit Industrial Business increased at nearly all industrial businesses to reach a record high for the first quarter of a fiscal year. On this basis, Siemens confirms its outlook for the current fiscal year 2024. As announced in November 2023, the company is also initiating a new share buyback program in the near term with a volume of up to €6 billion over a period of up to five years.
- Progressive dividend policy with €0.45 increase over prior year
- High approval rates for all agenda items
At the Siemens AG Annual Shareholders’ Meeting that was held today, the shareholders decided by a large majority of 99.91 percent to approve
the Managing and Supervisory Boards’ proposal that a dividend of €4.70 per
share be distributed for fiscal 2023. As a result, Siemens has raised the
dividend €0.45 compared to the prior year and has continued to pursue its
progressive dividend policy in an impressive manner. In addition, the Annual
Shareholders’ Meeting voted by large majorities to ratify the acts of the
members of the Managing and Supervisory Boards for fiscal 2023. The number of
people following the Annual Shareholders’ Meeting worldwide peaked at more than 4,395. Around 147 questions were asked during
this year’s event, and about 64.38 percent
of the voting stock was represented.
- Siemens one of few companies out of 21,000 to secure a place in the CDP Climate Change A List
- CDP rating recognizes Siemens’ strong approach in the area of climate change
In recognition
of its environmental leadership and comprehensive disclosure in the area of
climate change, Siemens has been included by the CDP on its annual Climate
Change A List, the highest possible performance ranking. CDP is a leading organization
evaluating corporate action on climate strategies. The non-profit assessed more
than 21,000 companies on the basis of data reported in its 2023 climate change
questionnaire. Siemens is one of the few companies to have received an “A” rating.
- Enhancing proven machine learning capabilities with generative AI creates a robust, comprehensive predictive maintenance solution that leverages the strengths of both.
- Using a conversational user interface, manufacturers can take proactive actions easily, saving both time and resources.
- New generative AI functionality in Senseye Predictive Maintenance makes predictive maintenance conversational.
Siemens is releasing a new generative
artificial intelligence (AI) functionality into its predictive maintenance
solution – Senseye Predictive Maintenance. This advance makes predictive
maintenance more conversational and intuitive. Through this new release of
Senseye Predictive Maintenance with generative AI functionality, Siemens will
make human-machine interactions and predictive maintenance faster and more
efficient by enhancing proven machine learning capabilities with generative AI.
- Leading electric two-wheel scooter brand expands adoption of software from the Siemens Xcelerator portfolio to help reduce design iterations, cycle times and explore the future of sustainable electric mobility solutions for the Indian market
- Expanded adoption of Product Lifecycle Management (PLM) solutions from Siemens Xcelerator now includes product engineering, virtual simulation and physical test for all existing and new vehicle platforms
Siemens Digital
Industries Software announced today that Ather Energy, one of India’s
foremost electric motorcycle brands, has expanded its adoption of the Siemens Xcelerator portfolio of
industry software to help the company reduce its design and engineering cycle
time, improve product
quality and achieve faster time to market.
- Decarbonization program targets significant energy savings and 50 percent CO2 reduction at over 15 HEINEKEN breweries and malt houses worldwide by 2025
- Supports HEINEKEN’s global Net Zero Production roadmap, which aims to reach net zero in Scope 1 and 2 by 2030 and net zero across the full value chain by 2040
- Five-year performance and monitoring service contract from Siemens to ensure ongoing project optimization
- Scalable solution designed using an energy digital twin will optimize heating and cooling requirements in production and packaging processes
HEINEKEN, the world's most international
brewer, has selected Siemens as a partner for its global Net Zero Production roadmap,
as part of HEINEKEN’s ambitions to reach net zero in Scopes 1 and 2 across all
production sites by 2030.*
- Siemens and Salesforce are collaborating to help manufacturers increase service efficiency and create new revenue streams
- Teamcenter Service Lifecycle Management (SLM) app connects Siemens’ leading Teamcenter Product Lifecycle Management (PLM) with Salesforce Manufacturing Cloud and Service Cloud, enabling integrated, cross discipline collaboration that drive digital transformation
- The new AI-based SaaS integration helps manufacturers build feedback loops between service execution and product development, enabling continuous innovation
Siemens Digital Industries Software announced today the new
Teamcenter® SLM app onSalesforce AppExchange. Developed by Siemens in collaboration with
Salesforce, the app connects product engineering and product service operations
by bringing together the Teamcenter Service Lifecycle Management solution from
the Siemens Xcelerator portfolio of industry software withSalesforce Manufacturing CloudandSalesforce Service Cloud. This new app enables manufacturers to adopt more
service-centric business models, improve the customer experience and increase
service revenue.
- Heliox expands Siemens eMobility’s offering for the growing eBus and eTruck charging market, and for depot and fleet solutions
- Accelerates value creation in Siemens’ fast-growing eMobility business
- Adds attractive digitalization and software potential
Siemens AG
has completed the acquisition of Heliox, a technology leader in DC fast
charging solutions, serving eBus and eTruck fleets and passenger vehicles. Headquartered
in the Netherlands, Heliox employs approximately 330 people.