[Global News] Outstanding performance in fiscal 2022 – Strong fourth quarter finish

Financial Highlights:

• Revenue for the fourth quarter climbed 18% year-over-year, to €20.6 billion, while orders increased 14% year-over-year, reaching €21.8 billion, for a book-to-bill ratio of 1.06 

• Revenue rose 12% and orders grew 7% on a comparable basis, excluding currency translation and portfolio effects 

• Profit Industrial Business climbed 38%, to €3.2 billion, with a profit margin of 16.2%, on profit increases in all industrial businesses 

• Net income more than doubled to €2.9 billion for the quarter due to the strong performance of the Industrial Business and benefiting from a gain on the sale of the mail and parcel-handling business of Siemens Logistics; corresponding basic earnings per share (EPS) rose to €3.39 and EPS before purchase price allocation accounting (EPS pre PPA) climbed to €3.59 

• Free cash flow from continuing and discontinued operations was €3.5 billion 

• In a strong operating performance for the full fiscal year 2022, orders rose 25%, to €89.0 billion and revenue increased 16%, to €72.0 billion, for a book-to-bill-ratio of 1.24; on a comparable basis, orders were up 17% and comparable revenue growth of 8.2% exceeded our guidance, excluding currency translation and portfolio effects

• Fiscal 2022 Profit Industrial Business grew 17% year-over-year to a record-high €10.3 billion; net income came in at €4.4 billion, corresponding basic EPS was €4.65, and EPS pre PPA was €5.47 thus fulfilling our guidance from Q3 FY 2022; both basic EPS and EPS pre PPA included burdens of €3.37 per share related to the non-cash impairment of our stake in Siemens Energy AG in Q3 FY 2022; Free cash flow from continuing and discontinued operations was €8.2 billion, at the record level of fiscal 2021 

• Siemens proposes to increase the dividend from €4.00 a year earlier to €4.25 per share