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[Global News] Flying start to fiscal 2023 – Guidance raised

Siemens recorded very strong order intake including double-digit growth in Smart Infrastructure; Q1 FY 2022 included an extraordinarily high level of orders in Digital Industries and Mobility. Strong revenue growth continued, driven by double-digit increases at Smart Infrastructure and Digital Industries. Order backlog remained also strong at €102 billion despite significant negative currency translation effects; proportion of short-cycle business further increased.
“We achieved our all-time strongest start to a new fiscal year, with €2.7 billion in profit in our Industrial Business. The impressive growth momentum of our business in the first quarter once again highlights the great trust that our customers place in the relevance of our portfolio and our ability to perform. Our outstanding order backlog in terms of quality and quantity, together with the strong execution capabilities throughout Team Siemens, provide confidence for raising our outlook for fiscal 2023,” said Roland Busch, President and Chief Executive Officer of Siemens AG.

Financial Highlights:

  • Revenue for the first quarter climbed 10% year-over-year, to €18.1 billion; orders came in very strong and well above revenue at €22.6 billion, 7% below Q1 FY 2022 which included extraordinarily high order intake at Digital Industries and Mobility; the book-to-bill ratio was robust at 1.25 
  • On a comparable basis, excluding currency translation and portfolio effects, revenue rose 8% and orders declined 8% 
  • Profit Industrial Business increased 9%, to €2.7 billion, with a profit margin of 15.6%, driven by sharp profit increase in Smart Infrastructure and substantially higher profit in Digital Industries 
  • Net income was €1.6 billion; corresponding basic earnings per share (EPS) were €1.87 and EPS before purchase price allocation accounting (EPS pre PPA) were €2.08

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Siemens Korea

17, Jong-ro 3-gil, Jongno-gu
Seoul 03155
Republic of Korea

+82 (2) 3450 7000