Siemens had a successful start to fiscal 2025 with a strong
performance in the first quarter (ended December 31, 2024) and generated
positive momentum for further growth.
In fiscal 2024 (ended September 30, 2024), Siemens
successfully continued its profitable growth trajectory, made important
strategic progress and achieved record highs as a leading technology
company.
On August 31, Siemens Korea participated in the “10th
Harmony Marathon with Visually Impaired” at Seoul Olympic Park. This was the
second time since last year that Siemens Korea joined the marathon, as part of
the joint CSR campaign “Guide Walkers” organized by the Korean-German Chamber
of Commerce and Industry (KGCCI), encouraging the participation of German
companies in Korea.
Siemens continued its profitable growth trajectory again in the
third quarter. Overall, the company clearly increased its net income and profit
margin and thus demonstrated its financial strength once again. With a
sustained large order backlog, which totaled €113 billion in Q3, and a
book-to-bill ratio greater than 1, Siemens is optimally equipped for the
future. As a result, the Siemens Group confirms its outlook for fiscal 2024,
whereby comparable revenue growth – that is, excluding currency translation and
portfolio effects – at Group level (in the range of 4 percent to 8 percent) and
the profit margin at Digital Industries (18 percent to 21 percent) will be at
the lower end of their respective target ranges. The profit margin at Smart
Infrastructure is expected to be at the upper end of its target range (16
percent to 17 percent).
Siemens delivered
solid performance in the second quarter, successfully meeting the high demand
for digitalization and sustainability technology. Notably, the industrial
software business showed strong growth with particularly high demand in the
semiconductor industry. Demand from customers for the construction of data
centers also showed strong momentum. Currently muted demand in the short-cycle
automation business at Digital Industries, particularly in China and Europe,
was largely offset by strong revenue development at Smart Infrastructure and
Mobility. In addition, Siemens took a key step in focusing its portfolio with
the sale of Innomotics to KPS Capital Partners for €3.5 billion.
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.
Siemens
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
employees.
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.