• In the first quarter of fiscal year 2022, Siemens’ new orders increased by 42% year-on-year to 24.2 billion euros (first quarter of fiscal year 2021: 15.9 billion euros), and all entity businesses achieved significant growth
• Revenue increased 9% year-on-year to € 16.5 billion (Q1 2021: € 14.1 billion)
• Industrial businesses’ profits surged 12% to € 2.5 billion (Q1 2021: € 2.2 billion)
• Net income increased by 20% to € 1.8 billion, confirming the performance target guidelines (Q1 2021: € 1.5 billion)
• Free cash flow exceeded the same period last year to reach € 1.1 billion (Q1 2021: € 1 billion)
• The company agreed to sell its shares in the joint venture Valeo Siemens eautomotive and divest the postal and parcel business of Siemens logistics
• The annual shareholders’ meeting of Siemens online will decide on a proposal for a dividend of € 4.00 per share in fy2021 (fy2020: € 3.50)

Siemens made a strong start in fiscal year 2022 and continued to actively implement its development strategy as a dedicated technology company. In the first quarter (as of December 31, 2021), the company seized growth opportunities in many key markets and realized the overall growth of physical business. The company confirms its performance target guidelines for fiscal year 2022. At the same time, Siemens further built a more focused business portfolio: following the previous announcement that it would sell its road traffic business yunex traffic, the company also found new owners for the postal and parcel business of Siemens logistics business and Siemens’ shares in the joint venture Valeo Siemens eautomotive.

“We made a strong start in fiscal year 2022 and maintained high-quality growth across our business. We achieved excellent performance and increased earnings per share by 20% before the allocation of the acquisition price. At the same time, as a focused technology company, we are also continuously optimizing our business portfolio.” Roland Busch, President and CEO of Siemens AG, said, “Siemens is a leader in accelerating digital and sustainable development, and our performance is the most powerful proof.”
Ralf P. Thomas, chief financial officer of Siemens AG, added: “Siemens maintained strong performance on all key financial indicators in the first quarter of fiscal 2022. We fully grasped the growth opportunities in many key markets and achieved free cash flow of up to € 1 billion.”
Despite the increasing complexity of the macroeconomic environment affected by COVID-19 and continuing supply chain risks, SIEMENS’s production and operation remained stable in addition to delays in delivery of some products. Siemens will continue to spare no effort to optimize product delivery and cooperate with customers to meet challenges.

Continuously optimize business portfolio
As a dedicated technology company, Siemens continues to optimize its business portfolio and today announced an agreement with K ö rber to sell its postal and parcel business under Siemens logistics. In addition, Siemens’ shares in the joint venture Valeo Siemens eautomotive will be sold to Valeo. In January this year, Siemens announced the sale of its road traffic business yunex traffic to Atlantis.

Significant increase in net income – Guidelines for recognizing performance objectives
Excluding the impact of business portfolio and exchange rate changes, Siemens’ revenue in the first quarter of fiscal 2022 increased by 9% on a comparable basis to € 16.5 billion (first quarter of fiscal 2021: € 14.1 billion). The growth in new orders was particularly strong, rising 42% on a comparable basis to € 24.2 billion (Q1 2021: € 15.9 billion). The order shipment ratio reached a very high level of 1.47. Reserve orders hit a record high of 93 billion euros.
Physical business profit increased by 12% to € 2.5 billion (Q1 2021: € 2.2 billion), and the profit margin of physical business reached 15.7% (Q1 2021: 16.5%). Net income increased by 20% to € 1.8 billion, a significant increase over the same period last year (Q1 2021: € 1.5 billion). The basic earnings per share before the allocation of the acquisition price was € 2.24, an increase of 20% year-on-year (Q1 2021: € 1.86). The company confirms its performance target guidelines for fiscal year 2022.
Siemens’ overall business free cash flow (from continuing and non continuing operations) reached an outstanding level of € 1.1 billion (Q1 2021: € 1 billion). Cash flow was almost equal to € 1.5 billion in the first quarter of fiscal year 2021.

All entity businesses have a strong momentum of development
The new orders of the whole line of business and regions of digital industry group increased significantly by 67% on a comparable basis, reaching 7.1 billion euros, the most prominent of which is the factory automation and motion control business. The revenue of the whole business and region of the group also increased by 11% on a comparable basis to € 4.3 billion. The profit was 947 million euros, with a year-on-year increase of 12% and a profit margin of 21.8%. As previously expected, its profitability is affected by higher expenditures brought by cloud related business activities, including the transformation of some businesses into “software as a service” (SaaS).
The new orders of the intelligent infrastructure group increased by 26% on a comparable basis to € 4.9 billion. This increase was mainly due to large orders won by electrical products and electrification business, especially in the US semiconductor industry. In addition, the demand of industrial customers and data center operators remained strong. Revenue increased by 6% on a comparable basis to 3.8 billion euros. Profit increased by nearly a quarter to € 480 million (Q1 2021: € 391 million). The whole business of the group contributed to the excellent performance in the first quarter, mainly due to the improvement of capacity utilization and the cost savings brought by many previously announced measures. The profit margin increased to 12.6%, compared with 11.2% in the same period in fy2021.
Siemens’ transportation revenue increased by 7% on a comparable basis to 2.4 billion euros. New orders nearly doubled to 5.4 billion euros, the highest quarterly order volume in Siemens transportation history. Profit increased by 3% to 224 million euros, with a profit margin of 9.3%, slightly lower than 9.9% in the same period last year.

The dividend plan will be decided at the online meeting of the annual general meeting of shareholders
After the release of quarterly financial data, the annual general meeting of Siemens AG will also be held today. Influenced by COVID-19, the conference will be held online. The shareholders will make a resolution on the dividend per share of € 4.00 for fiscal year 2021 proposed by the company’s Management Committee and the board of supervisors. The proposed dividend per share increased by 50 euro cents compared with the previous fiscal year, reflecting Siemens’ active dividend policy.