Siemens Reports Q4 Profit Beat, Flags Tough Times Ahead

Siemens flags tough times ahead after Q4 profit beat

Siemens reported fourth-quarter earnings slightly above forecasts, with industrial profit falling 7% to €3.12 billion and revenue rising to €20.81 billion. The company highlighted geopolitical risks, trade conflicts, and weak consumer demand for the coming year, while maintaining a target for comparable sales growth of 3-7% over the next 12 months. Siemens also announced a new program to accelerate focus on technology and a dividend hike to €5.20 per share.

Siemens AG

Siemens Partners with Microsoft to Integrate AI into Manufacturing

Microsoft brings AI to the farm and factory floor, partnering with industry giants

Siemens is partnering with Microsoft to integrate AI into its manufacturing processes. This collaboration aims to bring advanced AI technologies into industries, including the integration of Microsoft's AI into Siemens' NX X software, using natural language processing to allow engineers to issue commands and ask questions about complex design tasks.

Increased Data Center Energy Consumption Poses Challenges

AI's power trip will leave energy grids begging for mercy by 2027

Gartner and other analysts predict a significant increase in data center energy consumption driven by AI, potentially exceeding energy grid capacity by 2027.  Siemens Energy's EVP, Karim Amin, noted that data facility energy consumption is set to more than double before 2030.

Siemens Innovation Day 2024 Showcases AI and Industrial Metaverse Technologies

Siemens Innovation Day 2024 showcases AI & Industrial Metaverse technologies

Siemens AG held its Innovation Day 2024 in India, showcasing AI, Industrial Metaverse, and other digital technologies to advance digitalization and sustainability across various sectors.  Key speakers included Dr. Peter Koerte and Sunil Mathur, highlighting the importance of these technologies for India's industrial transformation.  Siemens Xcelerator, a digital business platform, was also featured.

Siemens Industrial Copilot Expands with Adoption by thyssenkrupp

Siemens Industrial Copilot expanded, adopted by thyssenkrupp

Siemens has announced major new functionalities for its Industrial Copilot, a generative AI-powered assistant for engineering. thyssenkrupp has adopted the Siemens Industrial Copilot globally, integrating it into a battery machine for quality inspections on electric cars. This expansion highlights Siemens' advancements in industrial automation and AI technology.

Siemens Eyes India as a Top 3 Market Within Three Years

Siemens Eyes India as Top 3 Market in Next Three Years

Large-scale infra development to propel India to be Siemens AG’s third biggest market in three years: CSO Peter Koerte

India’s slice grows in Siemens pie

Siemens AG projects India to become one of its top three global markets within three years, driven by infrastructure expansion and digitalization initiatives.  This projection follows a recent $10.6 billion acquisition of Altair Engineering and a €100 million investment in expanding its Indian factories.

Siemens Energy Boosts Midterm Targets

Siemens Energy Stock Surges On Q4 Order Strength, Positive Outlook

Siemens Energy targets 8-10% rise in revenue in 2025 fiscal

Siemens Energy AG significantly raised its midterm financial targets, projecting high single-digit to low double-digit revenue growth and a profit margin of 10-12% by fiscal 2028.  This positive outlook is driven by strong demand for grid technologies, which offset losses in the wind-turbine division.  The company also reported a narrower loss for Q4 and improved fiscal 2025 projections.

Siemens Shares Hit Record High on Data Center Boom

Siemens Sees Data Center Boom Offsetting Automation Slump

Siemens AG's shares hit a record high after the company announced that the growth in power-hungry data centers will drive demand for its transformers and grid technology, leading to a projected 7% increase in comparable revenue for the fiscal year. The company also reported a record net income of €9 billion for fiscal 2024 and raised its dividend by 11% to €5.20 per share.

Siemens Unwraps Electronic Systems Design Software With AI Enhancements

Siemens announced upgrades and AI enhancements to its flagship electronics design suite, integrating Xpedition and PADS software packages, Valor design for manufacturing solution, and leveraging cloud computing and AI for improved user experience and security.

Microsoft Collaborates with Siemens on Adapted AI Models for Industry

Microsoft introduces new adapted AI models for industry

Microsoft introduces new adapted AI models for industry, collaborating with Siemens and other partners to fine-tune AI models for specific industry needs, enhancing innovation and security across various sectors.

Siemens AG is a global technology powerhouse that focuses on intelligent infrastructure for buildings and decentralized energy systems, automation and digitalization in the process and manufacturing industries, and smart mobility solutions for rail and road transport.

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Siemens is a 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 addition, Siemens holds a minority stake in Siemens Energy, a global leader in the transmission and generation of electrical power.
In fiscal 2022, which ended on September 30, 2022, the Siemens Group generated revenue of €72.0 billion and net income of €4.4 billion. As of September 30, 2022, the company had around 311,000 employees worldwide. Further information is available at www.siemens.com.

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What an exciting 24 hours: A successful start to fiscal 2024 with very strong first-quarter #SiemensResults and our virtual 2024 Annual Shareholders’ Meeting, in which our CEO Roland Busch highlighted that Siemens stands for growth – for growth today and tomorrow. 
Because: 
•	We’ve posted three record years in a row.  
•	We have the technologies the world needs.  
•	We’re developing innovations for future growth – with world-class partners.

Thanks to #TeamSiemens worldwide for your outstanding work and great commitment!

“Technology is the most powerful tool we have for transforming our everyday lives.” 

At today’s Annual Shareholders’ Meeting, our President and CEO Roland Busch highlighted the key factors for our growth, thanked our 320,000 colleagues and explained that we are aligned with the long-term trends of climate change, urbanization, demographic change, glocalization and digitalization. 

“We create technology to #TransformTheEveryday, for everyone. Through more efficient machines and processes that help achieve more with fewer resources. Through innovations that help us save energy and combat climate change. Through sustainable infrastructure that makes it easier for us to get from A to B. And through faster, better and more affordable diagnoses of diseases.” 

#AGM24


“The world has arrived at an important inflection point,” said Werner Brandt, kicking off our 2024 Annual Shareholders’ Meeting. 

He explained that demand for intelligent and sustainable products and solutions has increased substantially. In addition, he reflected on our performance over the last three years and on the company’s rigorous orientation toward long-term growth markets. 

“Today’s Siemens is a leading technology company that is entirely focused on technologies that help customers and #TransformTheEveryday, for everyone, everywhere in the world.” 

#AGM24

Our customers continue to place full confidence in us. We support their digital and sustainability transformation. The profit in our industrial business was impressive, and our free cash flow rose to over €1 billion. We are expanding our partnerships with Microsoft and Amazon Web Services (AWS) – to democratize #AI for all industries. I am deeply impressed by the dedication of #TeamSiemens: the hard work is paying off. What a successful start to the first quarter of 2024. #SiemensResults

Ralf P Thomas, Judith Wiese, Cedrik Neike, Matthias Rebellius,
Siemens

Mark your calendars and set your reminders for our virtual 2024 Annual Shareholders’ Meeting! On February 8, we’ll share our #SiemensResults for the first quarter of fiscal 2024 and hold our Annual Shareholders’ Meeting. 

Join us as we look back on what a record year fiscal 2023 has been and share a glimpse of what’s to come in fiscal 2024. We invite you to watch the opening of our 2024 Annual Shareholders’ Meeting and to listen to the speeches by Werner Brandt, Second Deputy Chairman of the Supervisory Board, and Roland Busch, President and CEO, on February 8 at 10 a.m. CET. 
 
All details in a nutshell:
 7:30 a.m. CET: Press Conference Call on our Q1 FY 2024 results
➡️ https://lnkd.in/exEwnU6R

 10:00 a.m. CET: Start of the Siemens Annual Shareholders’ Meeting
➡️ https://lnkd.in/eGG86HZt

Siemens Aktiengesellschaft, a technology company, focuses in the areas of automation and digitalization in Europe, Commonwealth of Independent States, Africa, the Middle East, the Americas, Asia, and Australia. It operates through Digital Industries, Smart Infrastructure, Mobility, Siemens Healthineers, and Siemens Financial Services segments. The Digital Industries segment offers automation systems and software for factories, numerical control systems, motors, drives and inverters, and integrated automation systems for machine tools and production machines; process control systems, machine-to-machine communication products, sensors and radio frequency identification systems; software for production and product lifecycle management, and simulation and testing of mechatronic systems; and cloud-based industrial Internet of Things operating systems. The Smart Infrastructure segment offers products, systems, solutions, services, and software to support sustainable transition in energy generation from fossil and renewable sources; sustainable buildings and communities; and buildings, electrification, and electrical products. The Mobility segment provides passenger and freight transportation, such as vehicles, trams and light rail, and commuter trains, as well as trains and passenger coaches; locomotives for freight or passenger transport and solutions for automated transportation; products and solutions for rail automation; electrification products; and intermodal solutions. The Siemens Healthineers segment develops, manufactures, and sells various diagnostic and therapeutic products and services; and provides clinical consulting services. The Siemens Financial Services segment offers debt and equity investments; leasing, lending, and working capital financing solutions; and equipment, project, and structured financing solutions. Siemens Aktiengesellschaft was founded in 1847 and is headquartered in Munich, Germany.

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