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[Global News] Very successful start to fiscal 2022

Major disruptions from increased supply chain risks associated with electronics components, raw materials and logistics were successfully avoided. Extraordinary order intake at Digital Industries and substantial order growth at Smart Infrastructure were achieved, due in part to proactive procurement activity by customers. Orders for Mobility nearly doubled on a sharply higher volume from large orders, including a €1.5 billion contract win in Germany. Revenue grew in all industrial businesses and reporting regions, led by double-digit growth in Digital Industries on a comparable basis.
“We had a very successful start into fiscal 2022. All our businesses continued their high-value growth. We delivered strong results and increased our earnings per share before purchase price allocation by 20 percent. At the same time, we continue to sharpen our portfolio as a focused technology company,” said Roland Busch, President and Chief Executive Officer of Siemens AG. “Our results impressively demonstrate that we are a leader in accelerating digitalization and sustainability.”

Financial Highlights:

  • Orders for the first quarter surged 52% year-over-year, reaching €24.2 billion on double-digit increases in all industrial businesses, while revenue climbed 17% year-over-year, to €16.5 billion, for an extraordinary book-to-bill ratio of 1.47 
  • Orders rose 42% and revenue grew 9% on a comparable basis, excluding currency translation and portfolio effects, primarily the acquisition of Varian Medical Systems, Inc. (Varian) between the periods under review 
  • Profit Industrial Business increased 12% year-over-year, to €2.5 billion, and the profit margin came in at 15.7% 
  • Net income rose 20% to €1.8 billion resulting in basic earnings per share (EPS) of €2.05; EPS before purchase price allocation accounting (EPS pre PPA) was €2.24 
  • Free cash flow from continuing and discontinued operations stronger year-over-year at €1.1 billion

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Contact

Siemens Korea

Poongsan Building
23, Chungjeong-ro
Seodaemun-gu
03737 Seoul
Korea

+82 (2) 3450 7000