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.
successfully continued its profitable growth trajectory and set multiple new
records in fiscal 2023 (ended September 30, 2023). In a historic,
record-breaking performance by Siemens’ operating business,
revenue for the full year rose 11 percent on a comparable basis – excluding currency translation and portfolio effects – to the upper end of the company’s raised
guidance (9 percent to 11 percent). The profit and profitability of the
Industrial Business reached new record levels as did net income.
On September 16,
Siemens Korea participated in the ‘140 Guide Walkers’, a joint CSR campaign held by the Korean-German Chamber of Commerce
and Industry (KGCCI) with employees from German companies in Korea for
attending to the ‘9th Harmony Marathon with the
Visually Impaired’ at Ttukseom Hangang Park while
celebrating the 140th anniversary of Korean-German diplomatic relations.
Siemens continued its profitable growth trajectory in
Q3 2023 (ended June 30, 2023), with all industrial businesses achieving strong
revenue growth. Order momentum in the company’s major projects and systems
business was also strong. The book-to-bill ratio was an excellent 1.28, while
the order backlog of €110 billion was again at a record high level. Siemens successfully
confirms its outlook on group level for fiscal 2023 and continues to strengthen
its position to continue creating value for our shareholders, customers and
Siemens Korea’s ‘The NANUM
volunteer corps’ held a meal serving citizenship program on May 19 in
celebration of the ‘Family Month’ with participation of around 40 employees
including Mr. HaJoong Chung, President and CEO of Siemens Korea, and Mr. Tino
Hildebrand, Vice President and Head of DI Korea at the Seoul Senior Welfare
Center in Jongno-gu, Seoul.
Siemens continued its strong growth
momentum also in Q2 2023 (ended March 31, 2023). The quarter was characterized
by very strong order intake, outstanding revenue growth driven by substantial
increases at Digital Industries, Smart Infrastructure and Mobility, and higher
Profit Industrial Business, including sharp increases at Smart Infrastructure
and Digital Industries, which both achieved their highest-ever quarterly
profit. Following the strong first half of fiscal 2023, Siemens is again
raising its outlook for the fiscal year.
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
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.
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