Siemens reports revenue of €17.4 billion in Q4

Thursday, 11. November 2021 07:01

Siemens AG said on Thursday that its revenue in the fourth quarter of its fiscal 2021 amounted to €17.4 billion, rising 18% compared to the same period a year earlier and topping estimates.

Net income slid 29% year on year to €1.3 billion and basic earnings per share (EPS) tumbled 34% to €1.45. Adjusted EBITA Industrial Businesses was down 14% to €2.7 billion. For the full fiscal 2021, Siemens' revenue was €62.3 billion.

"We achieved a very successful start as a focused technology company. In a challenging environment, we have won market share and clearly exceeded our net income guidance," CEO Roland Busch stated. "This momentum will continue in fiscal 2022. We’re ideally positioned to support our customers and benefit from the major growth drivers of digitalization and sustainability," he added.

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Baha Breaking the News (BBN) / NP