Very successful start to fiscal 2022

– Revenue rose 9 percent on a comparable basis to €16.5 billion (Q1 2021: €14.1 billion)

– Profit Industrial Business was €2.5 billion, a significant increase of 12 percent (Q1 2021: €2.2 billion)

– Net income climbed 20 percent to €1.8 billion (Q1 2021: €1.5 billion) – Outlook confirmed

– At €1.1 billion, free cash flow even stronger than in prior-year quarter (Q1 2021: €1.0 billion)

– Divestment of stake in joint venture Valeo Siemens eAutomotive and of the post and parcel business of Siemens Logistics agreed

– Virtual Annual Shareholders‘ Meeting to decide on dividend proposal of €4.00 per share for fiscal 2021 (fiscal 2020: €3.50)

Siemens got off to a very successful start in fiscal 2022 and continues to rigorously execute its strategy as a focused technology company. In Q1 (ended December 31, 2021), the company leveraged growth opportunities in many key markets to achieve increases across all industrial businesses. The outlook for the current fiscal year 2022 was also confirmed. At the same time, Siemens further focused its portfolio: in addition to the previously announced divestment of its road traffic business Yunex Traffic, new owners have been found for the post and parcel business of Siemens Logistics and for Siemens‘ stake in the joint venture Valeo Siemens eAutomotive.

The full text of the press release can be found in the attached PDF.

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