This Research Note reviews in detail Siemens Smart Infrastructure (SI) and the Buildings business presented at the Smart Infrastructure Capital Market Event in Zug, Switzerland on 12th December 2024. This event featured presentations and Q&A from the SI CEO, CFO and the Heads of the 3 business areas, including Susanne Seitz, the newly appointed CEO of the Buildings business. We examine the SI portfolio and business mix, including digital business revenues before focusing on the services business, go-to-market strategy and investments in the mid-market segment within the Buildings business unit. Smart Infrastructure Portfolio and Business Mix SI revenues of €21.4 billion were discussed in our coverage of FY 2024 results in November 2024. Based on new information presented at the Capital Market Event, the Buildings business unit is the largest of 3 segments in the Smart Infrastructure portfolio, accounting for 39% of SI revenues in FY 2024. Memoori revised estimates for Siemens Buildings revenues are […]