We released our our third quarter results for fiscal year 2021 on August 5, 2021. The Conference Call for journalists and the Analyst Call was broadcasted live.
- Orders of €20.5 billion (Q3 2020: €13.9 billion) reflect strong customer orientation and global economic recovery
- Revenue increased substantially to €16.1 billion (Q3 2020: €13.0 billion)
- Adjusted EBITA Industrial Businesses climbed 29 percent to €2.3 billion
- At 15.3 percent, Adjusted EBITA margin increased again (Q3 2020: 14.3 percent)
- At €1.5 billion, net income nearly tripled (Q3 2020: €535 million)
- Free cash flow of €2.3 billion (Q3 2020: €2.5 billion) again excellent
- Guidance for 2021 raised again – Net income of €6.1 billion to €6.4 billion expected (previous guidance: €5.7 billion to €6.2 billion), including effects in connection with the acquisition of Varian Medical Systems, Inc.
Siemens continued its accelerated high-value growth trajectory across all businesses and regions also in the third quarter. Despite the ongoing COVID-19 pandemic and negative currency translation effects, Q3 was characterized by outstanding market successes companywide and positive momentum provided by the global economic recovery. Ongoing supply chain challenges associated primarily with electronics components, raw materials and rising raw materials prices were successfully mastered. Compared to Q3 2020, which was noticeably affected by the pandemic, Siemens achieved considerable double-digit growth in orders and revenue and nearly tripled net income. Due to its strong performance in the first nine months, Siemens is again raising its guidance for fiscal 2021 and now expects companywide revenue growth of 11 percent to 12 percent (previous guidance: 9 percent to 11 percent) on a comparable basis – that is, excluding currency translation and portfolio effects – and net income of between €6.1 billion and €6.4 billion (previous guidance: €5.7 billion to €6.2 billion).
- Each level of the S-building is ventilated using a separate HVAC
system to ensure 100% fresh air
- This system helps the hospital to comply with more stringent energy
standards and ventilation requirements
- Lighting, air conditioning and access control are managed from a
single user-friendly interface using the Desigo CC system
- Technology ecosystem and energy equipment to provide optimum support
for healthcare personnel
Siemens has finished installing a
leading-edge HVAC system in the new S-building which has extended the A.S.Z.
(general city hospital) campus in Aalst, Belgium. The building technology
experts have also supplied the CCTV and access control systems. All air
conditioning, ventilation and security functions have been brought together in
the Siemens management system, Desigo CC. This makes it much easier to operate
for both healthcare personnel and patients, thereby providing more comfortable
rooms and reducing energy consumption at the same time. Siemens is therefore
helping the A.S.Z. in Aalst to meet the Belgian Supreme Council of Health's
increasingly stringent requirements and standards for energy efficiency in
buildings.
- Veronika Bienert to succeed Roland Chalons-Browne as CEO
- Andreas Rudolf to become CFO
Veronika Bienert (48) will head Siemens Financial Services (SFS), effective
October 1, 2021. As CEO, she will succeed Roland Chalons-Browne (65), who
has successfully led SFS since 2010. Over the course of her international career
at the Siemens Group, Bienert has held several important positions as chief
financial officer (CFO) within Siemens’ international operating business. Andreas
Rudolf (54), who currently heads Siemens Pensions, will – also effective
October 1, 2021 – become CFO of SFS.
- Siemens Advanta and the Institute for Automotive Research (IfA) to explore innovative technologies in automotive sales and after-sales as part of Zukunftswerkstatt 4.0 (“Workshop for the Future 4.0”)
- Focus on practical research into new digital services and business models related to connected electric vehicles and autonomous driving
- Zukunftswerkstatt 4.0 to showcase automotive industry innovations to prepare companies for growing need to transform and innovate
Zukunftswerkstatt 4.0, which translates to “Workshop for the Future 4.0,” and Siemens Advanta, Siemens’ Business Unit for digital transformation consulting and implementation, are jointly exploring innovative technologies that span the customer journey in the field of automotive sales and after-sales. The aim is to develop new approaches for digital products and services in all areas related to connected electric vehicles and autonomous driving – and thus help shape the future of mobility.
- Siemens Mobility and Continental cooperate in manufacturing pantographs
for trucks
- Initiative of the Ministry of
Transport recommends eHighway on 4,000 kilometers of autobahn
Siemens Mobility and
Continental Engineering Services (CES) will cooperate in the future on the
development and manufacture of pantographs for trucks. The eHighway technology
from Siemens Mobility supplies trucks with electricity via an overhead line. The
cooperation aims to electrify key stretches of highway-networks in Germany’s autobahn network with
overhead contact lines and thus significantly reduce CO
2 emissions from
trucks. The new partnership combines expertise from two technology worlds:
Siemens Mobility is a specialist in rail electrification, Continental
Engineering Services is a development and production service provider for
automotive technologies. The two companies will now pool their know-how to
quickly achieve series production of truck pantographs.