- 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.
- Siemens EcoTech empowers industry and infrastructure customers to make informed decisions, advancing progress against their sustainability targets
- Each product that achieves the Siemens EcoTech label has a detailed profile that provides industry-leading levels of transparency
- The new label enables direct comparison of product sustainability credentials to the market standard and predecessor products
Siemens today announces the launch of its
sustainability product label approach – Siemens EcoTech – setting a new
standard for transparency in the industry. Siemens EcoTech gives customers a
comprehensive insight into product performance across selected environmental
criteria. At launch, the Siemens EcoTech label covers a range of products from
across the Siemens portfolio for infrastructure and industrial applications.
The label will be gradually extended to cover additional, relevant Siemens
product families, which meet the stringent criteria.
Due to
impacts from the coronavirus pandemic and the geopolitical environment, as well
as broader macroeconomic effects of inflation, the food and beverage (F&B)
industry has been facing major challenges, which range from fractured supply
chains to inflation-induced higher prices. As a result, more and more companies
in the F&B industry are acknowledging the need to intensify their efforts in
embracing digital transformation. Regarding optimization, the F&B industry
is focused on two aspects: first, it aims to streamline processes for maximum
efficiency and enhance supply chain resilience. Second, it strives to achieve
sustainability goals. Yet, its ultimate priority is to remain competitive in
the market.
Due to impacts from the coronavirus pandemic and the geopolitical environment, as well as broader macroeconomic effects of inflation, the food and beverage (F&B) industry has been facing major challenges, which range from fractured supply chains to inflation-induced higher prices. As a result, more and more companies in the F&B industry are acknowledging the need to intensify their efforts in embracing digital transformation. Regarding optimization, the F&B industry is focused on two aspects: first, it aims to streamline processes for maximum efficiency and enhance supply chain resilience. Second, it strives to achieve sustainability goals. Yet, its ultimate priority is to remain competitive in the market. The technologies used at Ekonoke, Deoleo and Coca-Cola are examples of the digital transformation that is taking place in the food and beverage industry – with the help of Siemens technology. These technologies are used in a variety of diverse cases, such as in sustainable and efficient hop production, the digitalization of a traditional olive oil production process and the example of sustainable processing and distribution of a large multinational soft drink company.
S&P
Global Ratings announced today that it has upgraded its long-term issuer rating
on Siemens AG to AA- from A+, the outlook remaining stable. According to
S&P Global Ratings, “Siemens AG continues to
successfully transform its industrial portfolio by focusing on high margin
businesses that have leading market positions and benefit from secular trends
like digitalization and decarbonization, while also divesting its lower margin
or more volatile businesses.”
For the past
15 years, the rating agency has maintained an A+ rating for Siemens AG.“The upgrade
in our rating underlines once again Siemens AG’s financial strength. We
are pleased that S&P Global Ratings has given fitting recognition
to our outstanding cash performance and strong operating results. Our AA- rating
puts us well ahead of our peers and is a pleasant privilege”, said Ralf P. Thomas,
Chief Financial Officer of Siemens AG.
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.”
Siemens held its virtual Annual Shareholders' Meeting on February 8, 2024.
Here you can find the opening speeches by the Chair of the Annual Shareholders’ Meeting Werner Brandt, Second
Deputy Chairman of the Supervisory Board, and of Roland Busch, CEO.
We released our first quarter results for fiscal year 2024. The Press Conference Call and the Analyst Call were be broadcast live.
- 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.