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News03 February 2021Siemens AGSiemens Korea, Seoul

[Global News] Outstanding start to fiscal 2021 - Annual guidance raised significantly

Order intake and revenue increased in all four industrial businesses on a comparable basis, especially led by Mobility which recorded a sharply higher volume from large orders. "Our team has delivered an outstanding performance in a rather complex environment. I am grateful to be able to hand over such a strong enterprise to the next generation of management," said Joe Kaeser, President and Chief Executive Officer of Siemens AG.
Financial Highlights:
  • Orders surged 15% on a comparable basis, excluding currency translation and portfolio effects, and revenue was up 7%, with all industrial businesses contributing to growth
  • On a nominal basis, orders climbed 11% to €15.9 billion, driven by higher volume from large orders in Mobility; revenue rose 3%, to €14.1 billion; the book-to-bill ratio was 1.13
  • Adjusted EBITA Industrial Businesses jumped 39% to €2.1 billion, including strong operating performances and sharply lower severance charges
  • Net income rose substantially to €1.5 billion; corresponding increase in basic earnings per share (EPS) to €1.72 
  • Strong Free cash flow from continuing and discontinued operations of €1.0 billion (Q1 FY 2020: €44 million)

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