In this Research Note, we examine the buildings business of Siemens, which operates within the Smart Infrastructure (SI) division, based on their Q4 earnings release and investor presentations of 14th November 2024. This article focuses on the latest financial results, divisional revenue mix, senior management appointments, and acquisitions. Siemens Smart Infrastructure Q4 FY 2024 Financials SI revenue growth of 9% was led by strength in the Electrification business, which reported a 12% growth, and Electrical Products, which was up 10%. The Buildings business revenue grew more modestly at 6%, driven by solutions and services. Smart Infrastructure increased profit and profitability in all its businesses on higher revenue, increased capacity utilization, and ongoing productivity improvements. Siemens Annual Press Conference Presentation, 14th November 2024 Smart Infrastructure FY 2024 Financials Smart Infrastructure (SI) achieved FY 2024 revenues of €21.4 billion, a comparable revenue growth of 9% versus prior year and a record 17.3% profit margin. Siemens CEO, Roland […]