Germany

Siemens represented in the Green Innovation Zone and the Digital Hub at the ACHEMA trade fair Focus on chemical recycling and hydrogen Siemens Xcelerator and the entire Siemens portfolio support sustainability management along the production chain Sustainability is the leading theme of this year's world's flagship trade fair for the process industry, ACHEMA, in Frankfurt. In the Green Innovation Zone and the Digital Hub at the fair, Siemens will show how industrial companies can efficiently combine digitalization and sustainability. "As one of the main CO2 emitters, the process industry is under particular pressure to produce in a climate-friendly way," says Eckard Eberle, CEO Process Automation at Siemens. "Holistic and effective sustainability management can only work if industrial companies consistently focus on digitalization and automation." In more than 20 lectures and best-practice presentations, Siemens will illustrate how companies can use digitalization and automation and make their products, plants, and processes more sustainable. In the Digital Hub and the Green Innovation Zone at this year's Achema, Siemens will be demonstrating how industrial companies can efficiently combine digitization and sustainability. Comprehensive portfolio for a sustainable process industry Siemens is taking an integrative approach at Achema this year. The company will be presenting itself in many relevant areas but will not have a large stand of its own. In addition to the Green Innovation Zone (Hall 6) and the Digital Hub, Siemens is part of several joint stands on various industry topics: with the electrical engineering association ZVEI, PROFIBUS and PROFINET International (PI) and with the Fieldcomm Group (all Hall 11). In the Green Innovation Zone, Siemens is focusing this year on hydrogen and chemical recycling. Chemical recycling plays a decisive role on the way to a true circular economy in the process industry. In essence, the aim is to decompose …

Audit Committee recommends proposing to 2024 Annual Shareholders’ Meeting that PwC be elected independent auditors for fiscal 2024 Comprehensive tendering process in accordance with current European legal norms Audit contract with PwC can be extended by the Annual Shareholders’ Meeting annually only through fiscal 2033 The Audit Committee of the Supervisory Board of Siemens AG has decided to recommend that the Supervisory Board propose to the shareholders at the Annual Shareholders’ Meeting in 2024 the election of PricewaterhouseCoopers GmbH, Wirtschaftsprüfungsgesellschaft, as independent auditors of Siemens’ financial statements for fiscal 2024 (start: October 1, 2023). This recommendation is the result of intensive discussions between the Supervisory Board, the Audit Committee and the Managing Board of Siemens AG and of a comprehensive tendering process in accordance with current European legal norms. “Overall, PwC submitted the most attractive bid in a comprehensive bidding process, while demonstrating a clear focus on quality and an innovative digitalization approach as well as a high degree of specialist and industry expertise. We are convinced that, in PwC, it has gained independent auditors who will guarantee a high-quality audit and comply with our rigorous independence standards,” said Dr. Werner Brandt, member of the Supervisory Board and Chairman of the Audit Committee of Siemens AG. On the basis of a proposal by the Supervisory Board, the 2024 Annual Shareholders’ Meeting of Siemens AG will elect the independent auditors of the Annual Financial Statements of Siemens AG, the Consolidated Financial Statements of the Siemens Group and the audit review of the Consolidated Financial Statements for the first half-year of fiscal 2024. This proposal will be based on a recommendation by the Audit Committee. In accordance with the legal norms changed in 2021 due to the German Financial Market Integrity Strengthening Act …

Orders for the third quarter climbed 7% year-over-year, reaching €22.0 billion despite substantially lower volume from large orders in Mobility, while revenue rose 11% year-over-year, to €17.9 billion, for a book-to-bill ratio of 1.23 Orders rose 1% and revenue grew 4% on a comparable basis, excluding currency translation and portfolio effects Profit Industrial Business was €2.9 billion with a profit margin of 17.0%, both benefitting substantially from a €0.7 billion divestment gain in Mobility The Net loss of €1.5 billion for the quarter was due primarily to a previously disclosed nontax-deductible impairment of the stake in Siemens Energy recorded in the amount of €2.7 billion; corresponding basic earnings per share (EPS) were a negative €2.06 and EPS before purchase price allocation accounting (EPS pre PPA) were a negative €1.85 each including a negative €3.37 per share related to the impairment Again excellent Free cash flow from continuing and discontinued operations, reaching €2.3 billion for the quarter At the beginning of Q4 FY 2022, Siemens closed the sales of its stake in Valeo Siemens eAutomotive GmbH (Valeo Siemens) and the mail and parcel-handling business of Siemens Logistics, respectively, which subsequently resulted in cash inflows totaling €1.5 billion; such inflows are not included in Free cash flow We captured significant opportunities in a market environment with ongoing high demand. Our strong top line momentum continued, with a comparable order growth of 20 percent since the beginning of fiscal 2022. This shows: Our business is attractive and grew once again. We have the right offerings and the right strategy to be successful even in uncertain times. We made significant progress as a focused technology company in the third quarter with the launch of our open digital business platform, Siemens Xcelerator, accelerating the digital transformation of our customers. We also acquired Brightly Software, an …

Orders climbed to €22.0 billion (Q3 2021: €20.5 billion), with substantial growth at Digital Industries and Smart Infrastructure Since start of fiscal year, orders grew 20 percent on a comparable basis to €67.2 billion (Q1-Q3 2021: €52.3 billion) In Q3, revenue increased by 4 percent on a comparable basis to €17.9 billion (Q3 2021: €16.1 billion) Profit Industrial Business surged 27 percent to €2.9 billion (Q3 2021: €2.3 billion) Net loss of €1.5 billion (Q3 2021: net income of €1.5 billion) impacted by €2.7 billion impairment of stake in Siemens Energy Outstanding Free cash flow at Group level of €2.3 billion Outlook adjusted only due to impairment of Siemens Energy stake Siemens made significant progress as a focused technology company in the third quarter (ended June 30, 2022). The company leveraged growth opportunities in many key markets despite a continuing complex macroeconomic environment influenced by economic sanctions on Russia, high inflation and effects associated with the coronavirus pandemic. In addition, Siemens continued to avoid larger disruptions due to supply chain risks associated with electronics components, raw materials and logistics. Siemens continues to expect profitable growth of its Industrial Business to drive basic earnings per share from net income before purchase price allocation accounting (EPS pre PPA). Following the €2.7 billion non-cash impairment of the company’s stake in Siemens Energy AG in the third quarter of the fiscal year, the guidance is adjusted to include the corresponding earnings impact of €3.37 per share, resulting in a range for EPS pre PPA of €5.33 to €5.73. This range represents Siemens’ original guidance for EPS pre PPA of €8.70 to €9.10, excluding this impairment. “We captured significant opportunities in a market environment with ongoing high demand. Our strong top line momentum continued, with a comparable order growth of 20 percent since the beginning of fiscal 2022. This shows: Our …

Smart Infrastructure completes acquisition of Brightly, a leader in cloud-based asset and maintenance management software Acquisition puts Siemens in pole position to address fast-growing software market for buildings and built infrastructure Siemens Smart Infrastructure (SI), the frontrunner in digital buildings, has completed the acquisition of Brightly Software, a leading U.S.-based software-as-a-service (SaaS) provider of asset and maintenance management solutions. The acquisition elevates SI to a leading position in the software market for buildings and built infrastructure. It adds Brightly’s well-established cloud-based capabilities across key sectors – education, public infrastructure, healthcare, and manufacturing – to Siemens’ digital and software know-how in buildings. Brightly’s addition to the Siemens portfolio accelerates the build-up of SI’s SaaS business, enabling the companies to deliver superior performance and sustainability for built infrastructure. “We’re delighted to welcome Brightly to the Siemens family. Together with Brightly, we can take buildings to the next level of performance and strengthen Siemens’ standing in the fast-growing market of buildings and built infrastructure,” said Matthias Rebellius, Member of the Managing Board of Siemens AG and CEO of Smart Infrastructure. “We see substantial value creation potential and growth opportunities from coupling the offerings under Siemens Xcelerator and Brightly’s well-established SaaS business and customer base.” The signing of a binding acquisition agreement pertaining to the transaction was announced on June 27 this year. Following the announcement, Siemens launched Siemens Xcelerator, an open digital business platform, to accelerate digital transformation and value creation for customers of all sizes in industry, buildings, grids and mobility. “Today marks an exciting milestone in Brightly’s history as we join Siemens. With …