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Press Release08 February 2024Siemens AGMunich
Siemens to pay dividend of €4.70 per share
“Siemens has become even more
digital, even more sustainable and even more competitive,” said Werner Brandt, Second
Deputy Chairman of the Supervisory Board of Siemens AG and chair of this years’
Annual Shareholders’ Meeting. “Today’s Siemens is better positioned
than ever to play a vital role in driving its customers’ transformations in
digitalization and sustainability,” added Brandt.
Werner Brandt chaired this year’s
Annual Shareholders’ Meeting because Jim Hagemann Snabe, who is the Supervisory
Board Chairman and was originally designated to chair the Annual Shareholders’ Meeting, could not
participate due to a leg injury.
“Fiscal 2023
was our third record-setting year in a row. We were more profitable than ever
before. We had promised a progressive dividend policy, and we’re keeping our
word by increasing the dividend by a good 10 percent,” said Roland Busch, President
and CEO of Siemens AG. “Our strategy is paying off: We combine the real and the
digital worlds. With artificial intelligence, we can now do that even better.
Siemens has a diversified setup: That makes us robust and resilient, and it
boosts our growth.”
With a large majority of 99.76 percent, the shareholders followed the Supervisory
Board proposal – based on the recommendation of its Audit Committee – that PricewaterhouseCoopers
GmbH Wirtschaftsprüfungsgesellschaft be appointed as independent auditors of
the Annual Financial Statements of Siemens AG and the Consolidated Financial
Statements of the Siemens Group for fiscal 2024 and as auditor for the audit review
of the Condensed Financial Statements and the Interim Management Report for the
Siemens Group for the first half of fiscal 2024. In addition, among other
things, the Annual Shareholders’ Meeting approved the compensation system for
the Managing Board members. A resolution on such approval was on the agenda
because periodic approval after four years was due and because the Supervisory
Board had decided to amend the compensation system, effective October 1, 2023.
During the
general debate at the Annual Shareholders’ Meeting, shareholders had the
opportunity to join the meeting live per video to make statements or ask
questions. They did not have to submit their questions in advance. In addition,
the main focal points of the speeches by the Second Deputy Chairman of the
Supervisory Board and by the President and CEO were published on the internet
in advance on January 31, 2024.
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Siemens AG (Berlin and Munich) is a leading technology company focused on industry, infrastructure, transport, and healthcare. From more resource-efficient factories, resilient supply chains, and smarter buildings and grids, to cleaner and more comfortable transportation as well as advanced healthcare, the company creates technology with purpose adding real value for customers. By combining the real and the digital worlds, Siemens empowers its customers to transform their industries and markets, helping them to transform the everyday for billions of people. Siemens also owns a majority stake in the publicly listed company Siemens Healthineers, a globally leading medical technology provider shaping the future of healthcare.
In fiscal 2023, which ended on September 30, 2023, the Siemens Group generated revenue of €77.8 billion and net income of €8.5 billion. As of September 30, 2023, the company employed around 320,000 people worldwide. Further information is available on the Internet at www.siemens.com.
In fiscal 2023, which ended on September 30, 2023, the Siemens Group generated revenue of €77.8 billion and net income of €8.5 billion. As of September 30, 2023, the company employed around 320,000 people worldwide. Further information is available on the Internet at www.siemens.com.
Notes and forward-looking statements
This document contains statements related to our future business and financial performance and future events or developments involving Siemens that may constitute forward-looking statements. These statements may be identified by words such as “expect,” “look forward to,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “estimate,” “will,” “project” or words of similar meaning. We may also make forward-looking statements in other reports, in prospectuses, in presentations, in material delivered to shareholders and in press releases. In addition, our representatives may from time to time make oral forward-looking statements. Such statements are based on the current expectations and certain assumptions of Siemens’ management, of which many are beyond Siemens’ control. These are subject to a number of risks, uncertainties and factors, including, but not limited to those described in disclosures, in particular in the chapter Report on expected developments and associated material opportunities and risks in the Combined Management Report of the Siemens Report (siemens.com/siemensreport), and in the Interim Group Management Report of the Half-year Financial Report (provided that it is already available for the current reporting year), which should be read in conjunction with the Combined Management Report. Should one or more of these risks or uncertainties materialize, should decisions, assessments or requirements of regulatory authorities deviate from our expectations, should events of force majeure, such as pandemics, unrest or acts of war, occur or should underlying expectations including future events occur at a later date or not at all or assumptions prove incorrect, actual results, performance or achievements of Siemens may (negatively or positively) vary materially from those described explicitly or implicitly in the relevant forward-looking statement. Siemens neither intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated.
Reference Number: HQCOPR202402086862EN