- Standardization will foster collaboration, accelerate innovation, and facilitate the exchange of digital twin models and data
- Collaboration with the W3C working group set to propel the convergence effort, bringing about a unified standard to unlock commercial potential being held back by IoT fragmentation
In a collaborative move
with the W3C Consortium, Siemens and Microsoft have announced their commitment
to converge the Digital Twin Definition Language (DTDL) with the Thing
Description standard from international standards organization, W3C.
- 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.
- 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.