A Successful Start of the Fiscal Year for Siemens

In the first fiscal quarter of the financial year 2022, Siemens recorded significant growth. The company also decided to pay a €4 dividend for the fiscal year 2021.

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. Orders rose 42% and revenue grew 9% on a comparable basis, excluding currency translation and portfolio effects, primarily the acquisition of Varian Medical Systems.

Profit in the 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 are stronger year-over-year at €1.1 billion.

“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. Our results impressively demonstrate that we are a leader in accelerating digitalization and sustainability,“ said Roland Busch, President, and CEO of Siemens.

At the ordinary Annual Shareholders’ Meeting of Siemens, shareholders endorsed by a large majority of 99.71 percent the proposal by the Managing and Supervisory Boards to distribute a dividend of €4.00 per share for fiscal 2021, an increase of 50 cents over the prior fiscal year and an impressive reflection of Siemens’ progressive dividend policy. Shareholders also decided by a large majority to ratify the acts of the members of the Managing and Supervisory Boards for fiscal 2021.