Siemens Delivers Outstanding Performance in Fiscal 2022

Siemens Delivers Outstanding Performance in Fiscal 2022

Foto: Depositphotos

Siemens once again delivered an outstanding performance in fiscal 2022. Based on strong growth momentum, all four industrial businesses recorded increases in order intake and revenue. In some cases, these increases were significant.

Despite a continuing complex macroeconomic environment influenced, among other things, by economic sanctions on Russia, high inflation, and the impact of the COVID-19 pandemic, Siemens grew again in all key markets. In addition, major interruptions in fiscal 2022 could be avoided despite supply chain risks in the areas of electronic components, raw materials, and logistics.

Shareholders are also to benefit from the company’s outstanding performance. The Supervisory and Managing Boards propose increasing the prior-year dividend of €4.00 to €4.25. This proposal reflects Siemens’ outstanding performance in fiscal 2022 and the company’s strong confidence in its future development.

“Siemens delivered another outstanding performance in fiscal 2022, with a record-high profit of more than €10 billion in our Industrial Business. We successfully executed our strategy, capturing market share and achieving high-value growth. Strong demand continues for our hardware and software offerings, including higher-than-expected growth in our digital business revenue. Our people made an incredible contribution in an extremely challenging year,” said Roland Busch, President, and CEO of Siemens.

Orders in Q4 climbed to €21.8 billion, featuring strong growth at Smart Infrastructure and Siemens Healthineers, in particular. Revenue also rose 12 percent on a comparable basis to €20.6 billion. All industrial businesses contributed to this growth, led by double-digit growth in Digital Industries and Smart Infrastructure. At 1.06, the book-to-bill ratio was again considerably above 1.

Siemens’ outlook for fiscal 2023 is based on the assumptions that geopolitical tensions do not further escalate and challenges from COVID-19 and supply chain constraints continue to ease. Under these conditions, with the company’s high order backlog, particularly in short-cycle businesses, Siemens expects its industrial businesses to continue their profitable growth. For the Siemens Group, the company expects comparable revenue growth, net of currency translation and portfolio effects, in the range of 6 percent to 9 percent, and a book-to-bill ratio above 1.

More from category

TSMC to Invest $40 Billion in US Chip Plants

TSMC to Invest $40 Billion in US Chip Plants

8 Dec 2022 comment

Taiwan Semiconductor Manufacturing Co (TSMC) confirmed it will expand chip production in the US.

European Council Makes Headway Towards EU Digital Wallet

European Council Makes Headway Towards EU Digital Wallet

7 Dec 2022 comment

The European Council adopted its common position on the proposed legislation regarding the framework for a European digital identity (eID).

AT&T Settles to Pay $6.3 Million Over SEC Lawsuit

AT&T Settles to Pay $6.3 Million Over SEC Lawsuit

6 Dec 2022 comment

The US operator AT&T agreed to pay the US Securities and Exchange Commission (SEC) $6.3 million.