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• Revenue rose 5 percent year-over-year on a comparable basis to €18.9 billion (Q3 2023: €18.1 billion)
• Orders in Q3 2024 reached €19.8 billion (Q3 2023: €23.5 billion), down 15 percent on a comparable basis vis-à-vis a very strong Q3 2023
• Profit Industrial Business increased 11 percent to €3.0 billion (Q3 2023: €2.7 billion)
• Net income climbed 48 percent to €2.1 billion (Q3 2023: €1.4 billion)
• Free cash flow all-in at Group level totaled €2.1 billion (Q3 2023: €3.0 billion)
• Outlook confirmed

Siemens continued its profitable growth trajectory again in the third quarter. Overall, the company clearly increased its net income and profit margin and thus demonstrated its financial strength once again. With a sustained large order backlog, which totaled €113 billion in Q3, and a book-to-bill ratio greater than 1, Siemens is optimally equipped for the future.

• Third-quarter revenue rose 5% on a comparable basis, excluding currency translation and portfolio effects; comparable orders came in 15% lower than in Q3 FY 2023, which included a record-high level of orders in Mobility
• On a nominal basis, revenue increased 4% to €18.9 billion; orders were down 16% at €19.8 billion but exceeded revenue for a book-tobill ratio of 1.05, and the order backlog remained on a high level at €113 billion
• Profit Industrial Business rose 11% to €3.0 billion, and the profit margin reached 16.5%, well above the prior-year quarter
• Net income was €2.1 billion, with corresponding basic earnings per share (EPS) of €2.51 and EPS before purchase price allocation accounting (EPS pre PPA) of €2.66

• The Supervisory Board of Siemens AG announced the expansion of the Managing Board
• Five-year contract extension of Cedrik Neike (51), member of the Managing Board of Siemens AG and CEO of Digital Industries, from June 1, 2025
• Peter Koerte (48) appointed member of the Managing Board of Siemens AG and Chief Technology and Chief Strategy Officer with responsibility for Siemens Xcelerator and Siemens Advanta, effective October 1, 2024
• Veronika Bienert (51) appointed member of the Managing Board of Siemens AG and CEO Siemens Financial Services with responsibility for the service portfolio of Siemens Real Estate and Global Business Services, effective October 1, 2024
• Proposal to extend Jim Hagemann Snabe’s role as Chairman of the Supervisory Board of Siemens AG for two years, from February 2025

The Supervisory Board of Siemens AG today announced leadership appointments to build on the company’s position of strength and accelerate value creation as a leading technology company. The current Managing Board has led the company through three record years of financial performance and strategic developments to accelerate the digital and sustainability transformations of its customers.

• Run MyVirtual Machine available for Sinumerik 828D
• Redesigned operating concept Sinumerik 828D MCP (Machine Control Panel)
• Better connectivity, greater sustainability, and higher cybersecurity

In the spirit of its motto "Accelerate transformation for a sustainable tomorrow," Siemens is presenting new hardware and software for the Sinumerik 828D CNC controller at this year's AMB in Stuttgart. The Sinumerik 828D is specifically designed for the compact and mid-range machine market. The new PPU271.5, PPU270.5, PPU290.5, and PU272.5 processor units and the redesigned Sinumerik 828D MCP (Machine Control Panel) operating concept offer a wide range of functions and options that increase the productivity, sustainability, and efficiency of manufacturing processes.

• Annette Kraus to take the role of Executive Vice President Social and Industrial Relations and People & Organization (P&O) Germany
• Hanno Kunkel succeeds Annette Kraus as Chief Compliance Officer, Head of the Compliance organization and Human Rights Officer

Annette Kraus (48) will take over an expanded role within the People & Organization leadership team. Effective October 1, 2024, she will assume the role of Executive Vice President Social and Industrial Relations and People & Organization Germany, moving on from her role as Chief Compliance Officer for Siemens AG.

• Siemens Mobility’s digital ecosystem approach, allowing data from different sources to be integrated via APIs, leads to more capacity and energy reduction
• Innovation within train procurement: Mireo Smart and Smart Train Lease
• Presenting the high-speed train Velaro for Egypt
• Siemens Mobility is showcasing its innovations and solutions in hub27 at booth 230 and in the outdoor exhibition area

Siemens Xcelerator’s unveiling at InnoTrans 2022 signaled the advent of a truly open ecosystem for seamless digital collaboration. At InnoTrans 2024, Siemens Mobility will showcase the rail industry’s huge potential to reduce society’s overall carbon footprint, with digitalization as a key enabler. This includes optimizing maintenance, maximizing the use of existing infrastructure, and providing solutions for seamless travel. One of the biggest barriers to a full-hearted adoption of digitalization, however, is vast quantities of data locked in closed systems. The answer lies in accessing these data via standardized application programming interfaces (APIs) and connecting them with AI-driven analysis and evaluation tools. As a leading provider of technology, Siemens Mobility has identified around 100 APIs within the rail ecosystem and has already fully developed a dozen of them. 

• Stadtwerke Stuttgart headquarters serves as lighthouse project for state-of-the-art building and energy management systems
• Represents optimal ‘sector coupling’ showcase, using Siemens Xcelerator applications to intelligently connect buildings and transport to renewable energy sources
• Supports Stuttgart in achieving climate neutral targets, setting example to other cities worldwide in sustainable urban transformation

Siemens Smart Infrastructure and publicly owned energy supplier Stadtwerke Stuttgart GmbH, have announced their partnership to help drive the transition to sustainable urban energy across the city.