Siemens (SIE) AGM 2026 summary

Opening remarks and agenda

• The meeting was formally opened by the Chairman, welcoming shareholders, board members, and guests, and outlining the agenda and procedures for participation and voting.

• The meeting was convened in accordance with legal requirements, with notarial minutes being taken and live broadcasts provided in multiple languages.

• Shareholders were informed about the registration, voting process, and accessibility arrangements, including digital participation options.

Financial performance review

• Orders increased by 6% to EUR 88.4 billion, with a record order backlog of EUR 117 billion and strong growth in Digital Industries and Mobility.

• Revenue rose 5% to EUR 78.9 billion, with electrification business revenue up 16% and industrial business profit at a record EUR 11.8 billion (15.4% margin).

• Net income grew 16% to EUR 10.4 billion, marking a third consecutive record, and free cash flow reached EUR 10.8 billion.

• Basic earnings per share were EUR 10.71, and the share price increased by 26% in fiscal 2025, outperforming the DAX.

Board and executive committee updates

• Early reappointments of Veronika Bienert and Peter Körte to five-year terms starting April 2026 were announced, ensuring leadership continuity.

• Veronika Bienert will become CFO in April 2026, succeeding Ralf, who was recognized for his long-standing contributions.

• Peter Körte will assume responsibility for Smart Infrastructure from July 2026, following the planned departure of Matthias Rebelius.

• Birgit Steinborn retired from the Supervisory Board, with Tobias Bömler and Stefanie Langfeld set to assume key roles.

• Preparations are underway for Mark Schneider to succeed as Chairman of the Supervisory Board by February 2027.