Stellar performance and successful start as a focused technology company

“With a record-setting free cash flow, strong revenue growth and high profitability at the same time, we once again demonstrated the performance capabilities and resilience of Siemens,” added Ralf P. Thomas, Chief Financial Officer of Siemens AG. “Our shareholders also benefit from this successful performance. With a very attractive dividend, a strong stock price development and our new share buyback program, we continue to offer a highly attractive total shareholder return.”

– Orders climbed 26% to €19.1 billion, driven by double-digit growth in all industrial businesses, and revenue rose 18%, to €17.4 billion, for a book-to-bill ratio of 1.09
– Orders increased 16% and revenue rose 10% on a comparable basis excluding currency translation and portfolio effects, primarily the acquisition of Varian Medical Systems, Inc. between the periods under review
– Adjusted EBITA Industrial Businesses was €2.3 billion, and Adjusted EBITA margin Industrial Businesses was 13.8%
– Net income was €1.3 billion and basic earnings per share (EPS) were €1.45; a year earlier, net income of €1.9 billion included €0.8 billion in income from discontinued operations resulting mainly from the spin-off of Siemens Energy 
– Outstanding Free cash flow from continuing and discontinued operations, totaling €3.8 billion for the quarter
– For the full fiscal year 2021 orders were €71.4 billion and revenue was €62.3 billion, for a book-to-bill-ratio of 1.15; strong comparable revenue growth of 11.5% met our guidance which we raised most recently after the third quarter, while net income of €6.7 billion clearly exceeded expectations; Free cash flow for the full year reached a record high at €8.2 billion
– Siemens proposes to increase the dividend from €3.50 a year earlier to €4.00 per share, reflecting our stellar performance in fiscal 2021 and our great confidence in the future development of the company

This document contains statements related to our future business and financial performance and future events or developments involving Siemens that may constitute forward-looking statements. These statements may be identified by words such as “expect,” “look forward to,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “estimate,” “will,” “project” or words of similar meaning. We may also make forward-looking statements in other reports, in prospectuses, in presentations, in material delivered to shareholders and in press releases. In addition, our representatives may from time to time make oral forward-looking statements. Such statements are based on the current expectations and certain assumptions of Siemens’ management, of which many are beyond Siemens’ control. These are subject to a number of risks, uncertainties and factors, including, but not limited to, those described in disclosures, in particular in the chapter Report on expected developments and associated material opportunities and risks of the Annual Report, and in the Half-year Financial Report, which should be read in conjunction with the Annual Report. Should one or more of these risks or uncertainties materialize, events of force majeure, such as pandemics, occur or should underlying expectations including future events occur at a later date or not at all or assumptions prove incorrect, actual results, performance or achievements of Siemens may (negatively or positively) vary materially from those described explicitly or implicitly in the relevant forward-looking statement. Siemens neither intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated.

This document includes – in the applicable financial reporting framework not clearly defined – supplemental financial measures that are or may be alternative performance measures (non-GAAP-measures). These supplemental financial measures should not be viewed in isolation or as alternatives to measures of Siemens’ net assets and financial positions or results of operations as presented in accordance with the applicable financial reporting framework in its Consolidated Financial Statements. Other companies that report or describe similarly titled alternative performance measures may calculate them differently.

Due to rounding, numbers presented throughout this and other documents may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures.

All information is preliminary. 

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