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Save the date2023-05-17 08:00Europe/Parisuse-titleSecond Quarter Results FY 2023
Revenue and orders for the second quarter each increased 15% on a comparable basis, excluding currency translation and portfolio effects
On a nominal basis, revenue climbed 14% year-over-year, to €19.4 billion; orders rose 13%, to €23.6 billion, driven by substantially higher volume from large orders in Mobility; the book-to-bill ratio was 1.22
Profit Industrial Business surged 47%, to €2.6 billion, with a profit margin of 14.2%; Digital Industries and Smart Infrastructure both delivered sharp increases and their highest-ever quarterly profit, while Mobility posted a profit compared to a loss in Q2 FY 2022 which included a €0.6 billion impact resulting from sanctions imposed on Russia
As a result net income rose to €3.6 billion, also benefiting from reversal of an impairment of Siemens’ stake in Siemens Energy AG resulting in a tax-free gain of €1.6 billion; corresponding basic earnings per share (EPS) were €4.39 and EPS before purchase price allocation accounting (EPS pre PPA) were €4.57, each including €2.01 per share related to the impairment reversal
Excellent Free cash flow from continuing and discontinued operations, reaching €2.3 billion for the quarter
Munich
We have released our second quarter results for fiscal year 2023 on May 17, 2023. The Press Conference Call and the Analyst Call have been broadcast live.
Save the date2023-05-17 08:00Europe/Parisuse-titleSecond Quarter Results FY 2023
Revenue and orders for the second quarter each increased 15% on a comparable basis, excluding currency translation and portfolio effects
On a nominal basis, revenue climbed 14% year-over-year, to €19.4 billion; orders rose 13%, to €23.6 billion, driven by substantially higher volume from large orders in Mobility; the book-to-bill ratio was 1.22
Profit Industrial Business surged 47%, to €2.6 billion, with a profit margin of 14.2%; Digital Industries and Smart Infrastructure both delivered sharp increases and their highest-ever quarterly profit, while Mobility posted a profit compared to a loss in Q2 FY 2022 which included a €0.6 billion impact resulting from sanctions imposed on Russia
As a result net income rose to €3.6 billion, also benefiting from reversal of an impairment of Siemens’ stake in Siemens Energy AG resulting in a tax-free gain of €1.6 billion; corresponding basic earnings per share (EPS) were €4.39 and EPS before purchase price allocation accounting (EPS pre PPA) were €4.57, each including €2.01 per share related to the impairment reversal
Excellent Free cash flow from continuing and discontinued operations, reaching €2.3 billion for the quarter
Munich
We have released our second quarter results for fiscal year 2023 on May 17, 2023. The Press Conference Call and the Analyst Call have been broadcast live.
