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Siemens said its full year sales rose by 7% to €19.76 billion, while orders increased 10%

Siemens confirms growth outlook after Q2 beats forecasts

Siemens still expects to increase its full-year sales by between 3 and 7% "despite increased uncertainty", the German engineering group said today, as it reported better-than-expected profit during its second quarter.

Business • 15 May

Siemens is trying to adjust its production capacity in line with weak market conditions in Germany and China

Siemens to cut 8% of jobs at factory automation business

Siemens will cut 5,600 jobs at its Digital Industries business, the engineering company said today, in the latest blow for German industry shaken by weak demand at home and abroad.

Business • 19 Mar

Siemens, the trains to industrial software maker, said industrial profit fell 2% to €2.51 billion in the three months to the end of March

Siemens misses second quarter profit forecast

Siemens has reported a drop in second-quarter earnings at its industrial business, the German engineering group said today, after a slowdown at its flagship factory automation division.

Business • 16 May 24

Siemens said today it expected conditions to remain tough in China - its third biggest market after the US and Germany

Siemens profit ahead of forecast despite orders drop

Siemens has today reported first-quarter profit slightly ahead of expectations despite the German engineering group seeing a slowdown at its flagship factory automation unit.

Business • 08 Feb 24

Germany's Siemens said it expected revenue growth of 4-8% in the next 12 months, less than the 11% increase recorded for its 2023 business year

Siemens sales outlook beats forecasts after record Q4

Siemens said today that its sales growth would slow in 2024 but still beat expectations with an outlook that factors in continuing destocking by customers in its key market China, sending shares to their highest in more than three months.

Business • 16 Nov 23

The Siemens Industrial Copilot scheme will see Microsoft and Siemens work together to use generative AI for the manufacturing, transportation and healthcare industries

Siemens and Microsoft to work together on AI project

Siemens and Microsoft have today announced a joint project to use artificial intelligence to increase productivity and human-machine collaboration.

Business • 31 Oct 23

Web Summit, the biggest technology conference in Europe, is due to take place in Portugal next month

Google and Meta latest to withdraw from Web Summit

Google has said it is no longer planning to take part in Web Summit in Lisbon next month.

Business • 20 Oct 23

Siemens will build new factories, research and development centres and training sites around the world

Siemens to invest $2.2bn to ramp up global production

Siemens will spend 2 billion euros on a new global investment plan, the German engineering and technology group said on Thursday, as it gears up to meet increased demand triggered by global stimulus packages.

Business • 15 Jun 23

Siemens said it now expects comparable revenue growth of 9% to 11% in the 12 months to the end of September, up from its previous outlook for an increase of 7% to 10%

Siemens raises its full year outlook

Siemens has today raised its full year sales and profit guidance after the German engineering and technology group beat sales forecasts during its second quarter.

Business • 17 May 23

Siemens said its industrial profit rose 38% to €3.16 billion in its fiscal fourth quarter

Siemens fourth quarter profit beats expectations

German engineering and technology group Siemens has today posted a better-than-expected fourth-quarter profit for its industrial business and said its factory hardware and software continued to witness strong demand.

Business • 17 Nov 22

The engineering group was in the red for the first time in nearly 12 years

Siemens' posts first quarterly loss in 12 years

Siemens continues to see strong industrial demand during its third quarter, as costs related to its Siemens Energy investment and decision to quit Russia pushed the engineering group into the red for the first time in nearly 12 years.

Business • 11 Aug 22

Anne-Marie Tierney le Roux, IDA Ireland, John Bolger - Director of Engineering and Robert Byrne, IDA Ireland

Siemens to create 25 jobs in Shannon with new R&D group

Siemens is to establish a research and development group in Shannon, County Clare, creating 25 new jobs.

Business • 25 Jul 22

German company Siemens employs around 3,000 people in Russia

Siemens to leave Russia due to Ukraine war

Siemens will quit the Russian market due to the war in Ukraine, it said today, as losses and charges at its train-making business led to a downturn in profit during its second quarter.

Business • 12 May 22

Orders surged 52% in the first quarter, the maker of trains and factory software said

Siemens' first quarter orders surge - sending shares up

Siemens saw a boom in first-quarter orders, the German engineering and technology group said today, sending its shares sharply higher.

Business • 10 Feb 22

Siemens said it sees further profitable growth as problems thrown up by shortages of components and log-jammed logistics networks improve

Siemens expects supply chain problems to ease

Siemens expects supply chain problems that have hindered the industrial revival in the wake of the pandemic to ease next year, the engineering and technology company said today, as its fourth quarter sales and orders beat forecasts.

Business • 11 Nov 21

Siemens CEO Joe Kaeser is stepping down today after leading the company since August 2013

Siemens ups guidance after faster than expected rebound

Siemens has raised its guidance for 2021 today after reporting a quicker than expected rebound in the automotive and machine building sectors following the Covid-19 downturn last year.

Business • 03 Feb 21

Siemens chief executive Joe Kaeser is due to step down by early next year

Siemens sees bigger hit from Covid-19 as Q2 profit down

Siemens said today it expected "even stronger impacts" from the coronavirus pandemic in the weeks ahead as it ditched its 2020 guidance and posted an 18% drop in industrial profit during its second quarter.

Business • 08 May 20

Siemens chief executive Joe Kaeser said the company has entered a new era

Siemens posts stronger than expected industrial profit

Siemens has posted better-than-expected adjusted operating profit from its industrial business during its second quarter as the German industrial giant began separating and spinning off its struggling power and gas business.

Business • 08 May 19

German industrial group Siemens filed the most patent applications in Europe last year

Patents filed by Irish companies see growth of 21%

Patent applications filed by Irish companies and inventors grew by 21% - the highest growth rate in a decade, the European Patent Office's annual report shows.

Business • 12 Mar 19

The EU said the merger would have resulted in higher prices for the signalling systems that keep passengers safe and for the next generations of very high-speed trains

EU derails Siemens-Alstom train merger

The EU's powerful Competition Commissioner Margrethe Vestager has vetoed the merger of the Siemens-Alstom rail businesses, in defiance of France and Germany.

European Union • 06 Feb 19

Siemens today reported a 6% fall in adjusted operating profit for its industrial business for the three months to the end of December

Siemens misses first quarter profit forecast

Germany's Siemens has today reported weaker-than-expected industrial profit during its first quarter.

Business • 30 Jan 19

Siemens Q1 profit falls on power and gas decline

German engineering group Siemens posted a 14% decline in quarterly industrial profit, dragged down by continued weak demand from the power and gas sector

Business • 31 Jan 18

The Siemens and Alstom transport businesses span the iconic French TGV and German ICE high-speed trains

Alstom, Siemens to merge rail businesses

German industrial group Siemens and French rival Alstom have agreed to merge their rail operations, creating a European champion to better withstand the international advance of China's state-owned CRRC.

Business • 27 Sep 17

Germany's Siemens agrees €4.5 billion deal with Mentor Graphics

Siemens to buy Mentor Graphics for $4.5 billion

Siemens agreed to buy US-based Mentor Graphics in a $4.5 billion cash deal that will further enhance the German engineering group's industrial software capabilities.

Business • 14 Nov 16

Siemens and Gamesa to create the world's biggest windfarm builder

Siemens,Gamesa to create largest windfarm business

Germany's Siemens and Spain's Gamesa today announced plans to create the world's biggest builder of windfarms, seeking to combine their respective strengths in offshore wind power and developing markets.

Business • 17 Jun 16