Outstanding performance continues – outlook raised again
– Several records in Q2 2023, including impressive margin increases and all-time highs in profit for Digital Industries and Smart Infrastructure, as well as another record order backlog
– At €23.6 billion, orders reached a very high level (Q2 2022: €21.0 billion)
– Revenue rose 15 percent on a comparable basis to €19.4 billion (Q2 2022: €17.0 billion)
– Profit Industrial Business surged 47 percent to €2.6 billion (Q2 2022: €1.8 billion)
– Net income nearly tripled to €3.6 billion (Q2 2022: €1.2 billion)
– Excellent free cash flow all-in at Group level totaled €2.3 billion (Q2 2022: €1.3 billion)
– Outlook for revenue growth and earnings per share pre PPA effects raised again
Siemens continued its strong growth momentum also in Q2 2023 (ended March 31, 2023). The quarter was characterized by very strong order intake, outstanding revenue growth driven by substantial increases at Digital Industries,
Smart Infrastructure and Mobility, and higher Profit Industrial Business, including sharp increases at Smart Infrastructure and Digital Industries, which both achieved their highest-ever quarterly profit. Following the strong first half of fiscal 2023, Siemens is again raising its outlook for the fiscal year.
The full text of the press release can be found in the attached PDF.
Notes and forward-looking statements
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Siemens AG (Berlin and Munich) is a technology company focused on industry, infrastructure, transport, and healthcare. From more resource-efficient factories, resilient supply chains, and smarter buildings and grids, to cleaner and more comfortable transportation as well as advanced healthcare, the company creates technology with purpose adding real value for customers. By combining the real and the digital worlds, Siemens empowers its customers to transform their industries and markets, helping them to transform the everyday for billions of people. Siemens also owns a majority stake in the publicly listed company Siemens Healthineers, a globally leading medical technology provider shaping the future of healthcare. In addition, Siemens holds a minority stake in Siemens Energy, a global leader in the transmission and generation of electrical power.
In fiscal 2022, which ended on September 30, 2022, the Siemens Group generated revenue of €72.0 billion and net income of €4.4 billion. As of September 30, 2022, the company had around 311,000 employees worldwide. Further information is available on the Internet at www.siemens.com.
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