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News12 November 2021Siemens AGSiemens Korea, Seoul

[Global News] Stellar performance and successful start as a focused technology company

Ongoing supply chain risks associated primarily with electronics components and raw materials, which were successfully mitigated during the quarter. Strong order intake continued on increases in all industrial businesses and reporting regions, led by Digital Industries and Mobility. Revenue increased in all industrial businesses and in all reporting regions, led by double-digit growth in Digital Industries and Siemens Healthineers.
"We achieved a very successful start as a focused technology company. In a challenging environment, we have won market share and clearly exceeded our net income guidance." said Roland Busch, President and CEO of Siemen AG, and added that "This momentum will continue in fiscal 2022. We have the right strategy and - above all - the best team."

Financial Highlights:

  • Orders climbed 26% to €19.1 billion, driven by double-digit growth in all industrial businesses, and revenue rose 18%, to €17.4 billion, for a book-to-bill ratio of 1.09
  • Orders increased 16% and revenue rose 10% on a comparable basis excluding currency translation and portfolio effects, primarily the acquisition of Varian Medical Systems, Inc. between the periods under review
  • Adjusted EBITA Industrial Businesses was €2.3 billion, and Adjusted EBITA margin Industrial Businesses was 13.8%
  • Net income was €1.3 billion and basic earnings per share (EPS) were €1.45; a year earlier, net income of €1.9 billion included €0.8 billion in income from discontinued operations resulting mainly from the spin-off of Siemens Energy
  • Outstanding Free cash flow from continuing and discontinued operations, totaling €3.8 billion for the quarter
  • For the full fiscal year 2021 orders were €71.4 billion and revenue was €62.3 billion, for a book-to-bill-ratio of 1.15; strong comparable revenue growth of 11.5% met our guidance which we raised most recently after the third quarter, while net income of €6.7 billion clearly exceeded expectations; Free cash flow for the full year reached a record high at €8.2 billion
  • Siemens proposes to increase the dividend from €3.50 a year earlier to €4.00 per share, reflecting our stellar performance in fiscal 2021 and our great confidence in the future development of the company

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