- 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.
- First cross-country project in the Middle East and Arab World connecting
the Emirati capital Abu Dhabi in the United Arab Emirates to Sohar in the
Sultanate of Oman; length of 303km
- The Oman section of the network marks the first railway system to be
delivered in history of the Sultanate of Oman
Siemens Mobility, together with its consortium partner Hassan Allam Construction, is
honored to announce that it has been awarded the Abu Dhabi – Sohar Design and
Build Railway Systems and Integration contract by Oman – Etihad Rail, a joint
venture co-owned by the two countries to deliver this network. Siemens Mobility and
Hassan Allam Construction will deliver the design, build and integration of the ETCS
Level 2 signaling, telecom and power supply systems over the 303-kilometer-long
Abu Dhabi – Sohar railway link. The signaling solutions are state-of-the art and
desert-proof. This project marks the first-ever cross-country railway network in the
Middle East and Arab world.
- Expansion of existing partnership with transit
operator Metrolinx
- Increasing system availability and reliability for
Toronto’s passenger railway system
Siemens
Mobility has been chosen by Metrolinx, the regional public transit operator
for the Greater Toronto and Hamilton Area, to handle their track, signal, and right-of-way maintenance for the
Central Region of Toronto's passenger railway infrastructure system. This
partnership builds upon Siemens Mobility's existing maintenance services in the
West Region and signal and communications services at the Metrolinx Network
Operations Center.
-
Germany’s first
use of the Mireo Plus B battery hybrid train from Siemens Mobility / Benefits passengers
and the environment
Innovative
technology along with even more climate protection and greater comfort and
convenience for passengers – regional rail transport on Network 8 (“Ortenau”) is
rising to a new level on April 8, 2024. Today’s the day the first four
battery-powered trains from Siemens Mobility begin regular service, marking a
premiere in Germany. The official start was celebrated by an exclusive
inaugural trip from Offenburg to Oberkirch and back, and was accompanied by
Winfried Hermann, Minister of Transport for the state of Baden-Württemberg, together
with numerous invited guests. “We are writing a new chapter in railway history
with this opening trip,” commented Minister Hermann. “Thanks to the battery
hybrid drive of the Mireo Plus B, trains operating in the Ortenau
region as of today are more climate-friendly than those using diesel.
Baden-Württemberg is a pioneer with innovative train technology. All trains
should be climate-friendly. We are relying on alternative, climate-friendly
solutions wherever there are still no overhead power lines.”
- New product connects Siemens Xcelerator with NVIDIA Omniverse Cloud
APIs to build collaborative, real-time, physically based visualization driven
by generative AI
- At NVIDIA GTC, Siemens and NVIDIA will join with HD Hyundai to
highlight how integrated visualization helps offer greater understanding and
insights
Siemens announced today that it will deepen its collaboration with
NVIDIA to help build the industrial metaverse. Siemens is bringing immersive
visualization powered by new NVIDIA Omniverse Cloud APIs
to the Siemens Xcelerator platform, driving increased use of AI-driven digital
twin technology. At the NVIDIA GTC, Siemens and NVIDIA demonstrated how
generative AI can revolutionize the visualization of complex data, making
photorealism possible, and showcased how sustainable shipbuilder HD Hyundai can
use it to develop new products.
- ÖBB orders 19 more trains – delivery by autumn 2028
- New level of comfort – cellphone reception improved by
50 percent
- High- and low-floor entrances, six bicycle spaces,
three wheelchair spaces, on-board restaurant, compartments, open-plan cars
Austrian
Federal Railways (ÖBB) inaugurated service today for the first Railjet of the
new generation from Siemens Mobility. The new train, featuring numerous
innovations, will initially operate on the Vienna-Feldkirch route. Excluding
the locomotive, the nine-car train is around 240 meters long and offers 532
seats. It has two first-class cars with business class sections, an on-board
restaurant with seating, four second-class (economy class) cars, a
multifunctional economy class car, and an economy class driving car. Technical
highlights include high-tech lightweight bogies, windows optimized for cellphone
reception, innovative power distribution systems with a redundant power supply
from the adjacent car, and a self-diagnosis system with a secure radio link to
the maintenance depot.
- 137th ICE 4 christened “Spree” at the Berlin Central Station
- Fleet expansion continues: DB will take delivery of a new ICE every three weeks on average this year
(Berlin, March 19, 2024) With the delivery of
the 137th train, the ICE 4 fleet of Deutsche Bahn (DB) is now
complete. The punctually delivered train was christened “Spree” in Berlin
today. Richard Lutz, CEO of DB, Volker Wissing, Federal
Minister for Digital Affairs and Transport, Manja Schreiner, Senator for
Mobility, Transport, Climate Protection and the Environment in Berlin, Michael
Peterson, DB Member of the Management Board for Long Distance Passenger
Transport, and Roland Busch, CEO of Siemens AG, took part in the official
naming ceremony at the Berlin Central Station. The 7-car ICE 4 was christened
with water from the Spree River in Berlin. Manufacturer Siemens Mobility has delivered 137 ICE 4 trains in three
different variants since 2016 – totaling over 1,500 cars with around 105,000
seats. Today’s ceremony marked the completion of the largest procurement
program in DB’s history.
- Premiere of the new locomotive generation at DB Cargo
- Siemens Mobility's new dual-mode locomotive makes rail transport more efficient, faster, and digital
- Around 150 "Vectron Dual Mode light" locomotives will enable CO2-free supply chains right down to the last mile
A new generation of locomotives has been unveiled that will make DB
Cargo's fleet more efficient and powerful in the future. The “Vectron Dual Mode
light” combines electric and diesel drive for adaptability in freight
transportation. The modern hybrid locomotive can easily switch between electric
and diesel operations. It helps avoid time-consuming shunting and maneuvering, and
can be used flexibly, with or without overhead lines.
- 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.