- With key leadership decisions, Supervisory
Board demonstrates confidence in the strategy and trajectory of Siemens AG as a
leading technology company
- Announcement of five-year contract
extension for Roland Busch (59) as President and CEO, from April 1, 2025
- Intention confirmed to extend appointment
of Cedrik Neike (51), member of the Managing Board and CEO of Digital
Industries, for a further five years from June 1, 2025
The Supervisory Board of Siemens AG confirmed a five-year contract extension for President and Chief Executive
Officer Roland Busch from April 1, 2025. The move is a mark of support for the
strategy of Siemens as a leading technology company, with the current Managing
Board driving three years of record financial performance and the further
strategic development of the company.
- At €19.2 billion on a comparable basis, revenue was nearly unchanged year-over-year (Q2 2023: €19.4 billion)
- Orders in Q2 2024 reached €20.5 billion (Q2 2023: €23.6 billion), a decline of 12 percent on a comparable basis
- At €2.5 billion, Profit Industrial Business was close to the prior-year level (Q2 2023: €2.6 billion)
- Net income totaled €2.2 billion (Q2 2023: €3.6 billion); net income in Q2 2023 benefited from a tax-free gain of €1.6 billion from the partial reversal of an impairment of Siemens’ stake in Siemens Energy AG
- Free cash flow all-in at Group level was €1.3 billion (Q2 2023: €2.3 billion)
- Outlook at Group level confirmed
Siemens delivered solid performance in the second quarter, successfully meeting the high demand for digitalization and sustainability technology. Notably, the industrial software business showed strong growth with particularly high demand in the semiconductor industry. Demand from customers for the construction of data centers also showed strong momentum. Currently muted demand in the short-cycle automation business at Digital Industries, particularly in China and Europe, was largely offset by strong revenue development at Smart Infrastructure and Mobility. In addition, Siemens took a key step in focusing its portfolio with the sale of Innomotics to KPS Capital Partners for €3.5 billion.
- New AI-based apps for more efficient operation of water infrastructures available on the Siemens Xcelerator marketplace
- Easy integration into existing infrastructure without specialist knowledge
- Siemens to showcase its digitalization and automation portfolio for more sustainability in the water sector at IFAT 2024
Siemens, a leading technology company, has expanded its software portfolio for the water industry, enabling its customers to optimize their plant operations using artificial intelligence - without the need for technical expertise. These self-service solutions enable users to address the most pressing issues in water and wastewater operations: reducing water loss, preventing pollution from sewers, and ensuring the reliability of treatment assets. The effect of these applications is also a contribution to greater sustainability overall, as the world's water resources can be better protected. "Digital technologies have not yet been widely adopted in the water sector so far," says Anja Eimer, General Manager Global Water Business at Siemens. "The existing OT and IT device landscape of is complex, skilled workers are in short supply, and the business benefits of many digital applications have often been unclear. With our new software offerings, we are adressing these conditions and enabling water companies to perform AI-based operational analyses."
- SINEC Security Guard: Intuitive cloud-based software-as-a-service to improve cybersecurity on the shop floor
- Allows users to match vulnerabilities to their OT assets, prioritize them and engage in mitigation measures
- Integration with the cloud-native SIEM Microsoft Sentinel enabled
- Available on the Siemens Xcelerator Marketplace from July 2024
Production facilities are increasingly the
target of cyberattacks. Industrial companies are therefore required to identify
and close potential vulnerabilities in their systems.
To address the need to identify cybersecurity
vulnerabilities on the shop floor as quickly as possible, Siemens has launched a
new cybersecurity software-as-a-service, that will be showcased for the first
time at Hannover Messe 2024.
- Siemens makes automation easy with the first generative AI-powered product for engineering in an industrial environment
- Siemens Industrial Copilot accelerates the generation of complex automation code, reduces development times, and increases productivity
- TIA Portal connection offers customers SCL code generation, customization of HMI visualization, and document search in natural language
- Available for download from the Siemens Xcelerator marketplace starting in summer 2024
At Hannover Messe 2024, Siemens presents the first generative artificial intelligence (AI) product for engineering in an industrial environment. The Siemens Industrial Copilot, the generative AI-powered assistant, is now seamlessly connected to the Totally Integrated Automation (TIA) Portal. This will enable engineering teams to find the right help topic and to generate a basic visualization and code faster for programmable logic controllers (PLC). As a result, they will be able to significantly reduce their workload and offload repetitive tasks to the Siemens Industrial Copilot. In addition, the engineering of complex tasks will become less susceptible to errors. This in turn reduces development times and boosts quality and productivity over the long term. The Siemens Industrial Copilot for TIA Portal Engineering will be available for download from the Siemens Xcelerator marketplace starting in summer 2024.
- Siemens presents innovations in Drivetrain Design and Drivetrain Health at Hannover Messe
- DriveSim Engineer for efficient selection, validation, virtual commissioning, and optimization of drivetrain systems
- Intelligent condition monitoring for a healthy drivetrain with Drivetrain Analyzer Cloud and Drivetrain Analyzer X tools
At
this year's Hannover Messe, Siemens is presenting Siemens Xcelerator for
Digital Drivetrain, its comprehensive and integrated digitalization
offering along the drivetrain value chain comprised of two areas: Drivetrain
Design (dimensioning and simulation) and Drivetrain Health (connectivity and
optimization).
- End-to-end automation and digitalization in intralogistics as a decisive competitive advantage
- NEW: Simove for automated guided vehicles and mobile robots with new features
- NEW: Simatic Robot Pick Pro and Simatic Robot Pack AI for robot systems
Following
the motto "LogiMAT 2024 – experience the flow," Siemens is showcasing
its extensive automation and digitalization portfolio for the intralogistics
industry at this year's Logimat. Intralogistics is the backbone of every supply
chain. Increasing demands for energy efficiency and sustainability as well as
labor shortages and cybersecurity threats require efficient and adaptive
material flow technology. IoT-enabled hardware and software from the Siemens
Xcelerator portfolio cover the entire warehouse operation, including receiving,
transport, storage, picking, packing, and shipping. By leveraging
digitalization, automation, and innovative technologies like the digital twin,
Siemens is improving the efficiency and sustainability of the intralogistics
industry and paving the way for a smart, adaptable, and resilient future for logistics
operations.
- On March 8, 1899, Siemens shares
were traded for the first time on the Berlin Stock Exchange
- As a result, Siemens is one of the
oldest continuously listed companies in German stock-exchange history
- Progressive internationalization of
shareholder structure
- One of
the world’s largest employee share programs
Today, Siemens is celebrating its 125th year on the stock exchange. On
March 8, 1899, Siemens shares were traded for the first time on the
floor of the Berlin Stock Exchange. As a result, Siemens is one of the oldest
continuously listed companies in Germany’s stock-exchange history. One hundred
and twenty-five years later, Siemens remains a leading technology company in
the fields of industry, infrastructure, transport, and healthcare and is one of
the top 100 most valuable companies in the world.
- Planned acquisition to strengthen Siemens’ position as a leading technology company in the field of factory automation and digitalization
- Strategic addition to the Siemens Xcelerator portfolio
- A business of ebm-papst, a leading supplier of fans and compact and intelligent mechatronic systems, which employs around 650 people
- Major growth opportunities in the field of intelligent, battery-powered drive solutions
Siemens AG
has signed an agreement to acquire the industrial drive technology (IDT)
business of ebm-papst. The business, which employs around 650 people, includes intelligent,
integrated mechatronic systems in the protective extra-low voltage range and
innovative motion control systems. These systems are used in free-range
driverless transport systems. The planned acquisition will complement the Siemens
Xcelerator portfolio and strengthen Siemens’ position as a leading solutions provider
for flexible production automation.
- Innovative Veloce CS architecture unifies hardware emulation, enterprise prototyping and software prototyping to accelerate verification and validation cycles by 10x and helps to reduce total cost of ownership by up to 5x
- The Veloce CS software is reusable across all platforms, helping to eliminate new learning requirements and accelerating full system workload execution and debug times by 10x
- Innovative, modular and scalable interconnectable blade footprint eliminates fixed-size chassis, delivering hardware-assisted tools for all size designs – from small to very large
Siemens Digital Industries Software launched
today the Veloce™ CS hardware-assisted verification and validation system. In a
first for the EDA (Electronic Design Automation) industry, Veloce CS incorporates
hardware emulation, enterprise prototyping and software prototyping and is built
on two highly advanced integrated circuits (ICs) – Siemens’ new, purpose-built Crystal accelerator chip for
emulation and the AMD Versal™ Premium VP1902 FPGA adaptive SoC (System-on-a-chip)
for enterprise and software prototyping.