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• Orders for the third quarter climbed 7% year-over-year, reaching €22.0 billion despite substantially lower volume from large orders in Mobility, while revenue rose 11% year-over-year, to €17.9 billion, for a book-to-bill ratio of 1.23
• Orders rose 1% and revenue grew 4% on a comparable basis, excluding currency translation and portfolio effects
• Profit Industrial Business was €2.9 billion with a profit margin of 17.0%, both benefitting substantially from a €0.7 billion divestment gain in Mobility
• The Net loss of €1.5 billion for the quarter was due primarily to a previously disclosed nontax-deductible impairment of the stake in Siemens Energy recorded in the amount of €2.7 billion; corresponding basic earnings per share (EPS) were a negative €2.06 and EPS before purchase price allocation accounting (EPS pre PPA) were a negative €1.85 each including a negative €3.37 per share related to the impairment
• Again excellent Free cash flow from continuing and discontinued operations, reaching €2.3 billion for the quarter
• At the beginning of Q4 FY 2022, Siemens closed the sales of its stake in Valeo Siemens eAutomotive GmbH (Valeo Siemens) and the mail and parcel-handling business of Siemens Logistics, respectively, which subsequently resulted in cash inflows totaling €1.5 billion; such inflows are not included in Free cash flow

• Audit Committee recommends proposing to 2024 Annual Shareholders’ Meeting that PwC be elected independent auditors for fiscal 2024
• Comprehensive tendering process in accordance with current European legal norms
• Audit contract with PwC can be extended by the Annual Shareholders’ Meeting annually only through fiscal 2033

The Audit Committee of the Supervisory Board of Siemens AG has decided to recommend that the Supervisory Board propose to the shareholders at the Annual Shareholders’ Meeting in 2024 the election of PricewaterhouseCoopers GmbH, Wirtschaftsprüfungsgesellschaft, as independent auditors of Siemens’ financial statements for fiscal 2024 (start: October 1, 2023). This recommendation is the result of intensive discussions between the Supervisory Board, the Audit Committee and the Managing Board of Siemens AG and of a comprehensive tendering process in accordance with current European legal norms. 

• Orders climbed to €22.0 billion (Q3 2021: €20.5 billion), with substantial growth at Digital Industries and Smart Infrastructure
• Since start of fiscal year, orders grew 20 percent on a comparable basis to €67.2 billion (Q1-Q3 2021: €52.3 billion)
• In Q3, revenue increased by 4 percent on a comparable basis to €17.9 billion (Q3 2021: €16.1 billion)
• Profit Industrial Business surged 27 percent to €2.9 billion (Q3 2021: €2.3 billion)
• Net loss of €1.5 billion (Q3 2021: net income of €1.5 billion) impacted by €2.7 billion impairment of stake in Siemens Energy
• Outstanding Free cash flow at Group level of €2.3 billion
• Outlook adjusted only due to impairment of Siemens Energy stake

Siemens made significant progress as a focused technology company in the third quarter (ended June 30, 2022). The company leveraged growth opportunities in many key markets despite a continuing complex macroeconomic environment influenced by economic sanctions on Russia, high inflation and effects associated with the coronavirus pandemic. In addition, Siemens continued to avoid larger disruptions due to supply chain risks associated with electronics components, raw materials and logistics. 

• Smart Infrastructure completes acquisition of Brightly, a leader in cloud-based asset and maintenance management software
• Acquisition puts Siemens in pole position to address fast-growing software market for buildings and built infrastructure

Siemens Smart Infrastructure (SI), the frontrunner in digital buildings, has completed the acquisition of Brightly Software, a leading U.S.-based software-as-a-service (SaaS) provider of asset and maintenance management solutions. The acquisition elevates SI to a leading position in the software market for buildings and built infrastructure. It adds Brightly’s well-established cloud-based capabilities across key sectors – education, public infrastructure, healthcare, and manufacturing – to Siemens’ digital and software know-how in buildings. Brightly’s addition to the Siemens portfolio accelerates the build-up of SI’s SaaS business, enabling the companies to deliver superior performance and sustainability for built infrastructure. 

• Long-term accommodations for 160 people at Siemens headquarters in Warsaw
• First Ukrainian refugees have already moved in
• Siemens Caring Hands e.V. as a strong partner in fight against global

On the grounds of its company headquarters in Warsaw, Poland, Siemens has opened a center for refugees from Ukraine. To make this step possible, the company has been renovating and remodeling large parts of the building since early March 2022. A variety of accommodations – ranging from rooms for families and for childcare all the way to sanitary facilities – have been set up on about 2,600 square meters of floor space. These accommodations have been designed to be suitable for long-term residence. Siemens Caring Hands e.V. used donations primarily made by Siemens employees to finance the remodeling work. Since July 12, Siemens has been making these facilities available free of charge to Warsaw’s municipal authorities, who are taking care of operating the center. The first group of Ukrainian refugees has already moved in.

• New innovation hub for research at Siemens in Garching, Germany
• Joint research facility with Technical University of Munich in Garching’s “Isar Valley”
• Modern and open work environments in a digitally planned, sustainable building

Just nine months after construction began, a topping-out ceremony is being celebrated for the new Siemens Technology Center at the research campus in the university town of Garching, Germany, near Munich. As a result, this new building – which was planned digitally and is being built to meet stringent sustainability requirements – has thus now reached an important milestone on the journey to  Siemens’ future research activities in the Munich area. With its modern work environments, this facility will serve as an innovation hub that provides space for inspiration and new ideas. At this center, more than 450 researchers from Siemens’ “Technology” unit will collaborate on technologies of the future with around 150 employees and students from the Technical University of Munich (TUM).

• Siemens completes sale of mail and parcel business to Körber
• Further step in simplifying Siemens’ portfolio achieved

The sale of Siemens Logistics’ mail and parcel business to the Körber Group closed successfully on July 1. In February 2022, Siemens had announced the contract signing for the sale of the mail and parcel business to the Körber Group for €1.15 billion (enterprise value).

• Atlantia S.p.A. finalizes the acquisition of Yunex Traffic from Siemens Mobility for €950 million

Siemens Mobility has successfully completed the sale of Yunex Traffic to Atlantia S.p.A. for €950 million. In January 2022, Siemens had announced the contract signing to sell the Intelligent Road Infrastructure and Traffic Solutions Business  to Atlantia S.p.A. Following the required approvals by the relevant authorities, the transaction has closed as of June 30, 2022.

• Building X is the first next generation offering designed and built as part of Siemens Xcelerator
• Modular, scalable, open smart building suite that seamlessly integrates building systems to eliminate complexity and enable net zero
• Facilitates co-creation with partners to address digitalization challenges faster

Siemens Smart Infrastructure has launched Building X, a new smart building suite that is open, interoperable and fully cloud-based. The suite is the first next generation offering built on the design principles of Siemens Xcelerator, an open digital business platform launched today to accelerate digital transformation and value creation across industry, transportation, grids and buildings.