Siemens is consistently pursuing its goal of accelerated high-value growth

By: Trademagazin Date: 2021. 08. 05. 10:42

“Siemens is consistently pursuing its goal of accelerated high-value growth. In the third quarter, once again we delivered – with strong and profitable growth in all businesses,” said Roland Busch, President and CEO of Siemens AG.

“We’re successfully supporting our customers in their transformation through digitalization, automation and sustainability. And we’re mastering a challenging environment – for example in our supply chains. A big thank you to the global Siemens team for another strong performance,” said Roland Busch, President and Chief Executive Officer of Siemens AG. “We are continuing the very positive business development of the first half of the year and are once again delivering strong results despite the continuing challenging environment.

The strong performance of our focused technology company was demonstrated in the third quarter by double-digit revenue growth, increased profitability and another strong Free cash flow. Consequently, we are again raising our outlook for fiscal 2021,” added Ralf P. Thomas, Chief Financial Officer of Siemens AG. • Orders increased 47% to €20.5 billion, driven by double-digit growth in all industrial businesses, and revenue rose 24%, to €16.1 billion, with double-digit growth in a majority of industrial businesses; the book-to-bill ratio was 1.27 • Orders surged 44% on a comparable basis, excluding currency translation and portfolio effects, and revenue climbed 21% • Adjusted EBITA Industrial Businesses was €2.3 billion, a 29% increase on strong performances in all industrial businesses, resulting in Adjusted EBITA margin Industrial Businesses of 15.3%.

Net income and basic earnings per share (EPS) rose sharply to €1.5 billion and €1.68, respectively, due to higher Adjusted EBITA Industrial Businesses and a substantial positive swing within discontinued operations • Again excellent Free cash flow from continuing and discontinued operations, reaching €2.3 billion for the quarter.

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