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• 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.

• HMH, s.r.o is the manufacturer of the MIREL, a train protection system for Slovakia, Czech Republic, Hungary, and Poland
• Acquisition strengthens Siemens Mobility's position as a leading rail infrastructure provider in Europe

Siemens Mobility has completed the acquisition of HMH, s.r.o., a Slovakian-based technology company, that offers the MIREL national train protection system for Slovakia, Czech Republic, Hungary, and Poland. With this acquisition, Siemens Mobility is now able to offer a complete train protection portfolio covering the Eastern European rail corridors. HMH will remain based in Bratislava, Slovakia, and will be integrated into Siemens Mobility’s Rail Infrastructure business unit. 

• 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. 

• New Industrial Edge partnerships enable easy integration of machine vision into Siemens automation technology
• Improves product quality control and addresses labor shortages
• Basler cameras combined with Siemens automation portfolio create a standardized infrastructure for visual inspection also for TIA
• MVTec app on Industrial Edge facilitates end-to-end anomaly detection

Two industry leaders in machine vision and industrial image processing are independently joining forces with Siemens. As a result of the new partnerships, customers will be able to integrate machine vision applications directly into their existing automation technology. By combining their respective strengths, portfolios, and experience, it will be possible to offer plug-and-play machine vision solutions – aligned portfolio of automation and machine vision components consisting of hardware and software.

• Acquisition enables customers to more easily add design-specific reliability verification and analysis to integrated circuit (IC) design flows

Siemens Digital Industries Software announced today that it has completed the acquisition of Insight EDA Inc., an EDA software company delivering groundbreaking circuit reliability solutions to many of the world’s leading integrated circuit (IC) design teams. 

• Aspern Smart City Research (“ASCR”) commissions Siemens to roll out new low-voltage software, LV Insights® X, to aspern Seestadt in Vienna
• LV Insights® X, part of the Siemens Xcelerator portfolio, will enable ASCR to create a digital twin of its distribution grid, enabling flexible network management
• The new software could reduce power outages by 30 percent

Siemens continues to enable its customers globally to accelerate the energy transition, most recently through the implementation of its low-voltage software to Aspern Smart City Research (“ASCR”) in Vienna. Using Siemens’ next generation grid management software, LV Insights® X, ASCR will be able to visualize the entire low-voltage network of aspern Seestadt, a part of Vienna. aspern Seestadt is one of Europe's largest urban development projects. With a digital twin, ASCR can identify critical segments, increase the usable capacity of its grid, and integrate more renewable energy without additional grid expansion, supporting their decarbonization efforts.

• Siemens Digital Industries Software, together with Arm and AWS, delivers breakthrough PAVE360 digital twin solution on AWS’s cloud services to help accelerate next-generation software defined vehicle (SDV) innovation with virtual car in the cloud
• Developers can now access Arm automotive technology on AWS as part of PAVE360 digital twin solution to help customers speed development of automotive systems

Siemens Digital Industries Software today announced that its PAVE360-based solution for automotive digital twin is now available on AWS. Expanding on the strong partnership between Siemens and AWS, PAVE360 helps foster innovation in the automotive industry through hardware and software parallel development, “shifting-left" the design phase of SDV. With a parallel approach, developers can compress the design cycle time and accelerate time to market. In addition, Siemens has collaborated with Arm to help enable developers to access Arm®-based technology running on Siemens’ PAVE360 Digital Twin solution via AWS cloud services. 

• 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.

• Technology company Siemens and ServiceNow, a leading company specializing in digital workflows, are showcasing their partnership at SPS 2023 in Nuremberg, Germany
• The partnership enables transparency in industrial asset management
• A Software-as-a-Service (SaaS) solution for easy recognition, identification, and management of OT devices

The technology company Siemens and ServiceNow, a leading company specializing in digital workflows, will work more closely together in the future. Siemens’ cloud-based software service makes all OT devices on the shop floor completely transparent and connects them with the market-proven NowPlatform from ServiceNow.