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Siemens awarded Platinum medal in EcoVadis Sustainability Rating 2024

Siemens has received 80 points in the latest EcoVadis Sustainability Rating and was awarded with the highest recognition – the Platinum medal. With this score, the technology company ranks in the top one percent of about 73,000 companies that were assessed worldwide by EcoVadis, a leading provider of business sustainability ratings.

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

Solid second-quarter performance – Outlook confirmed

•At €19.2 billion on a comparable basis, revenue was nearly unchanged yearover-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

Siemens and Foxconn team up to optimize forward-thinking manufacturing

•Siemens and Foxconn sign memorandum of understanding (MoU), highlighting joint sustainability commitment•Cooperation to define standards for the factory of the future and for manufacturing processes•Innovations to positively impact information and communications technology and electric-vehicle production ecosystems•Siemens Xcelerator portfolio to optimize Foxconn’s operations for efficiency and agility

Siemens Xcelerator: Scaling roll-out of generative AI with Siemens Industrial Copilot

•Siemens makes automation easy with the first generative AI-powered product for engineering in an industrial environment•Siemens Industrial Copilot accelerates the generation of complex automation code, reduces development times, and increases productivity•TIA Portal connection offers customers SCL code generation, customization of HMI visualization, and document search in natural language•Available for download from the Siemens Xcelerator marketplace starting in summer 2024

Industrial AI and sustainability at scale: Siemens redefines industrial innovation at Hannover Messe

•Generative AI for industries: Siemens Industrial Copilot to be available on the Siemens Xcelerator Marketplace this summer•Siemens and Schaeffler to sign memorandum of understanding to expand work to integrate Siemens Industrial Copilot into all areas of industry•Live on stage: Siemens and NVIDIA show how they enable the industrial metaverse together•World premiere of “Electrification X” for a wide range of IoT software-as-a- service offerings for transforming electrification infrastructure•German Chancellor Olaf Scholz to be among high-ranking visitors at Hannover Messe’s largest booth

Siemens and NVIDIA expand collaboration on generative AI for immersive real-time visualization

Siemens announced today that it will deepen its collaboration with NVIDIA to help build the industrial metaverse. Siemens is bringing immersive visualization powered by new NVIDIA Omniverse Cloud APIs to the Siemens Xcelerator platform, driving increased use of AI-driven digital twin technology. At the NVIDIA GTC,Siemens and NVIDIA demonstrated how generative AI can revolutionize the visualization of complex data, making photorealism possible, and showcased how sustainable shipbuilder HD Hyundai can use it to develop new products.

Siemens receives top score from CDP

• Siemens one of few companies out of 21,000 to secure a place in the CDP Climate Change A List • CDP rating recognizes Siemens’ strong approach in the area of climate change

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