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.