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Press

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Highlights

Press Event16 May 2024

Second Quarter Results FY 2024

We will release our second quarter results for fiscal year 2024. The Press Conference Call and the Analyst Call will be broadcast live.

Press Release02 May 2024

University of York strengthens autonomous research capabilities with solar farm completion

Solar farm is part of a £1.5 million research project funded through UK Research Partnership Investment Fund...

Press Release01 May 2024

Brightline West Selects Siemens to Manufacture High Speed Rail Trainsets

Today, Brightline announced that Siemens Mobility (Siemens) has been designated the “preferred bidder” to build train sets for the...

News07 May 2024

German businesses are taking a clear stand for diversity, openness and tolerance

Over 30 companies stand united for our values and against extremism and populism ...

Press Release30 April 2024

New factory for researching battery cells in Münster focuses on digitalization with Siemens

The Fraunhofer-Gesellschaft commissions a research factory for battery cells with a capacity of up to 200 MWh in Münster, Germany...

Press Release09 April 2024

Supervisory Board endorses strategic direction and leadership team of Siemens AG and extends the contract of Roland Busch, President and CEO

With key leadership decisions, Supervisory Board demonstrates confidence in the strategy and trajectory of Siemens AG as a leading technology company...

News09 February 2024

Siemens AG company presentation

February 2024

Press Releases

Press Release16 May 2024

Siemens to sell Innomotics to KPS Capital Partners

Innomotics to be sold to KPS Capital Partners for €3.5 billion
Innomotics is a global leader in electrical motor and large-drive business with €3.3 billion in revenue and employs approximately 15,000 people
Future setup offers the Innomotics business the best framework conditions for sustainable and growth-oriented development
Transaction expected to close in first half of fiscal 2025
Another step for Siemens in focusing its portfolio

Press Release16 May 2024

Solid second-quarter performance – Outlook confirmed

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

Press Release16 May 2024

Earnings Release and Financial Results Q2 FY 2024

Second-quarter revenue was nearly unchanged from a year earlier on a comparable basis, excluding currency translation and portfolio effects; comparable orders came in 12% lower than in Q2 FY 2023, which included a sharply higher volume from large ord...
On a nominal basis, revenue declined 1% to €19.2 billion and orders were down 13% at €20.5 billion; Siemens continued to advance on its growth path, with a book-to-bill ratio of 1.07 and an increase in the order backlog, which reached €114 billion
Profit Industrial Business was €2.5 billion with a profit margin of 14.0%, both close to the prior-year quarter
Net income was €2.2 billion; in Q2 FY 2023, net income of €3.6 billion benefited from a €1.6 billion tax-free gain from reversal of an impairment of Siemens’ stake in Siemens Energy AG; for the current quarter, corresponding basic earnings per share ...

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