Siemens started fiscal 2023 (to December
31, 2022) with a strong performance and maintained its continuing growth
momentum with very good results in Q1. The company leveraged growth
opportunities in its key markets despite a still complex macroeconomic
environment.
In
January, Siemens Mobility signed a contract to supply signaling system for Geomdan
Extension Line of Incheon Metro Line 1.
Siemens was able to identify growth
opportunities in many key markets despite a continuing complex macroeconomic
environment influenced by energy shortages and availability concerns stemming
from the Russia-Ukraine conflict, high inflation and effects associated with
the coronavirus pandemic (COVID-19). In addition, major interruptions in fiscal
2022 could be avoided despite supply chain risks in the areas of electronic
components, raw materials, and logistics.
On
September 30th, the ‘Business Integrity Society (BIS) Impact Forum’
was held at the Four Seasons Hotel in Gwanghwamun to present the final results
of BIS, collective action project for fighting corruption to establish a fair
business environment.
Siemens leveraged growth opportunities in many key
markets despite a continuing complex macroeconomic environment influenced by
sanctions on Russia, high inflation and effects associated with the coronavirus
pandemic (COVID-19).
Growth opportunities increased in many key markets
for Siemens despite a continuing complex macroeconomic environment influenced
by war in Ukraine, economic sanctions on Russia, and the effects associated
with the coronavirus pandemic (COVID-19).
On April 29,
Siemens Korea held an opening ceremony on D-Tower 10th floor to celebrate the
successful office relocation with participation of SLS Management, Management
from Businesses, and Support Function Heads. Starting with the welcoming
remarks from Mr. HaJoong Chung, President & CEO, and Mr. Frank Zimmermann,
Senior Executive Vice President & CFO, the event was followed by a tape
cutting ceremony. After a group photo, an office tour guided by Siemens Real
Estate (SRE) was held.
On March 29, a donation delivery ceremony was held
at Korean Red Cross Seoul Office with participation of HaJoong Chung, President
and CEO of Siemens Korea and SungHo Yoon, Vice President of the Korean Red
Cross for supporting wildfire relief efforts in the eastern coastal areas. A massive wildfire which started on March 4 from the eastern coastal town of Uljin and spread to areas in Gangwon Province was finally extinguished after 9 days, becoming the country's most devastating fire on record. It is estimated that nearly 25,000 hectares were burned leaving thousands of victims displaced from their homes.
On March 10, a donation delivery ceremony was held at Seodaemun Social Welfare Center with participation of HaJoong Chung, President and CEO of Siemens Korea and MeeRyoung Jung, Head of Seodaemun Community Center, for conducting the ‘Delivery of Daily Necessities’ citizenship program.
Growth
opportunities increased in many key markets for Siemens despite a continuing
complex macroeconomic environment influenced by the coronavirus pandemic
(COVID-19).