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• New leadership appointments effective October 1, 2022
• Jenny Bofinger, currently head of Sustainability, will join the board of the newly formed International Sustainability Standards Board

Siemens AG today announced new leadership appointments in its Sustainability and Investor Relations departments, effective October 1. Eva Riesenhuber (49), currently head of Investor Relations, will assume the role of global head of Sustainability and Eva Scherer (38), currently Chief Financial Officer (CFO) of the Rail Infrastructure and Software Business Units at Siemens Mobility, is appointed head of Investor Relations.

• Delivery of 14 Vectron MS multisystem locomotives
• MRCE fleet includes 147 Vectron locomotives

Mitsui Rail Capital Europe (MRCE), a full-service locomotive leasing company, has ordered 14 Vectron MS multisystem locomotives from Siemens Mobility on the basis of an existing contract. With this order, MRCE will have a fleet of 147 Vectrons. MRCE plans to use the locomotives in Germany, Austria, Hungary, Poland, the Czech Republic, Slovakia, Romania, and the Netherlands. 

• Siemens represented in the Green Innovation Zone and the Digital Hub at the ACHEMA trade fair
• Focus on chemical recycling and hydrogen
• Siemens Xcelerator and the entire Siemens portfolio support sustainability management along the production chain

Sustainability is the leading theme of this year's world's flagship trade fair for the process industry, ACHEMA, in Frankfurt. In the Green Innovation Zone and the Digital Hub at the fair, Siemens will show how industrial companies can efficiently combine digitalization and sustainability. "As one of the main CO2 emitters, the process industry is under particular pressure to produce in a climate-friendly way," says Eckard Eberle, CEO Process Automation at Siemens. "Holistic and effective sustainability management can only work if industrial companies consistently focus on digitalization and automation." In more than 20 lectures and best-practice presentations, Siemens will illustrate how companies can use digitalization and automation and make their products, plants, and processes more sustainable. 

• Siemens Xcelerator includes selected portfolio of IoT-enabled hardware, software, and digital offerings as well as a marketplace
• Offerings for the machine tool industry part of Siemens Xcelerator
• Software applications for cloud, edge, and own servers with numerous innovations for the machine tool
• First partner applications based on Industrial Edge for Machine Tools, the open ecosystem for IoT

Under the motto "Accelerate digitalization for a sustainable tomorrow", Siemens will be demonstrating at this year's AMB how the enormous potential for optimizing machine tools can be utilized thanks to the continuous analysis of production data. With the open digital business platform Siemens Xcelerator, IoT-enabled hardware and software, the company demonstrates how the real world can be connected to the digital world. Such a portfolio accelerates the digital transformation and enables flexible and sustainable action both in the construction of machines and in their application.

• Orders climbed to €22.0 billion (Q3 2021: €20.5 billion), with substantial growth at Digital Industries and Smart Infrastructure
• Since start of fiscal year, orders grew 20 percent on a comparable basis to €67.2 billion (Q1-Q3 2021: €52.3 billion)
• In Q3, revenue increased by 4 percent on a comparable basis to €17.9 billion (Q3 2021: €16.1 billion)
• Profit Industrial Business surged 27 percent to €2.9 billion (Q3 2021: €2.3 billion)
• Net loss of €1.5 billion (Q3 2021: net income of €1.5 billion) impacted by €2.7 billion impairment of stake in Siemens Energy
• Outstanding Free cash flow at Group level of €2.3 billion
• Outlook adjusted only due to impairment of Siemens Energy stake

Siemens made significant progress as a focused technology company in the third quarter (ended June 30, 2022). The company leveraged growth opportunities in many key markets despite a continuing complex macroeconomic environment influenced by economic sanctions on Russia, high inflation and effects associated with the coronavirus pandemic. In addition, Siemens continued to avoid larger disruptions due to supply chain risks associated with electronics components, raw materials and logistics. 

• Orders for the third quarter climbed 7% year-over-year, reaching €22.0 billion despite substantially lower volume from large orders in Mobility, while revenue rose 11% year-over-year, to €17.9 billion, for a book-to-bill ratio of 1.23
• Orders rose 1% and revenue grew 4% on a comparable basis, excluding currency translation and portfolio effects
• Profit Industrial Business was €2.9 billion with a profit margin of 17.0%, both benefitting substantially from a €0.7 billion divestment gain in Mobility
• The Net loss of €1.5 billion for the quarter was due primarily to a previously disclosed nontax-deductible impairment of the stake in Siemens Energy recorded in the amount of €2.7 billion; corresponding basic earnings per share (EPS) were a negative €2.06 and EPS before purchase price allocation accounting (EPS pre PPA) were a negative €1.85 each including a negative €3.37 per share related to the impairment
• Again excellent Free cash flow from continuing and discontinued operations, reaching €2.3 billion for the quarter
• At the beginning of Q4 FY 2022, Siemens closed the sales of its stake in Valeo Siemens eAutomotive GmbH (Valeo Siemens) and the mail and parcel-handling business of Siemens Logistics, respectively, which subsequently resulted in cash inflows totaling €1.5 billion; such inflows are not included in Free cash flow

• Audit Committee recommends proposing to 2024 Annual Shareholders’ Meeting that PwC be elected independent auditors for fiscal 2024
• Comprehensive tendering process in accordance with current European legal norms
• Audit contract with PwC can be extended by the Annual Shareholders’ Meeting annually only through fiscal 2033

The Audit Committee of the Supervisory Board of Siemens AG has decided to recommend that the Supervisory Board propose to the shareholders at the Annual Shareholders’ Meeting in 2024 the election of PricewaterhouseCoopers GmbH, Wirtschaftsprüfungsgesellschaft, as independent auditors of Siemens’ financial statements for fiscal 2024 (start: October 1, 2023). This recommendation is the result of intensive discussions between the Supervisory Board, the Audit Committee and the Managing Board of Siemens AG and of a comprehensive tendering process in accordance with current European legal norms.