Earnings Release Q1 FY 2022 – October 1 to December 31, 2021

"Siemens continued its very strong financial performance across all key metrics in the first quarter of fiscal 2022. We took significant advantage of growth opportunities in many key markets while achieving excellent free cash flow of more than €1 billion all-in," added Ralf P. Thomas, Chief Financial Officer of Siemens AG.

– 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, for an extraordinary book-to-bill ratio of 1.47

– Orders rose 42% and revenue grew 9% on a comparable basis, excluding currency translation and portfolio effects, primarily the acquisition of Varian Medical Systems, Inc. (Varian) between the periods under review

– Profit 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 stronger year-over-year at €1.1 billion

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

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