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Siemens fiscal year 2021* quarter revenue 3.765 billion euros

 Last Update: 2021-11-28
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[ Star Enterprise of Chemical Machinery and Equipment Network ] Benefiting from significantly better-than-expected business performance, the preliminary results of Siemens' business operations for the 2021 fiscal year* quarter exceeded market expectations.
With the help of the digital industrial group's automation business and software business to improve strongly, and Siemens China's higher-than-expected business growth, the company's operating performance increased significantly year-on-year.

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Siemens will evaluate its outlook for the 2021 fiscal year and will release a complete financial report for the 2021 fiscal year* quarter on February 3, 2021.

The following are preliminary results for the 2021 fiscal year* quarter.

Digital Industry Group

New orders: 4.
12 billion euros, a year-on-year increase of 2% on a comparable basis, and a year-on-year decrease of 3% in book value (market consensus: 3.
995 billion euros)

　　Revenue: 3.
765 billion euros, a year-on-year increase of 5% on a comparable basis, and a year-on-year increase of 0% on the book (market consensus: 3.
561 billion euros)

　　Adjusted earnings before interest, tax and amortization (EBITA): 848 million euros (market consensus: 592 million euros)

　　Adjusted EBITA profit margin: 22.
5% (market consensus: 16.
6%)

　　The adjusted EBITA of the Digital Industry Group increased by 57% to 848 million euros, including the increase in capacity utilization brought about by the recovery of demand for short-term automation business at a high rate, and the increase in software business capacity utilization and a strong contribution to profits.
The adjustment of EBITA also benefited from the significant year-on-year decrease in severance expenses and the cost savings related to epidemic prevention and control, such as reduced travel and marketing expenses.
The adjusted EBITA profit margin increased to 22.
5%, higher than 14.
4% in the same period last year.

　　Smart Infrastructure Group

　　New orders: 3.
806 billion euros, an increase of 7% year-on-year on a comparable basis, and a book value increase of 1% year-on-year (market consensus: 3.
547 billion euros)

　　Revenue: 3.
477 billion euros, a year-on-year increase of 4% on a comparable basis, and a year-on-year decrease of 1% in book value (market consensus: 3.
343 billion euros)

　　Adjusted EBITA: 391 million euros (market consensus: 300 million euros)

　　Adjusted EBITA profit margin: 11.
2% (market consensus: 9.
0%)

　　The adjusted EBITA of the Intelligent Infrastructure Group increased by 39% to 391 million euros, mainly due to the strong performance of the group's businesses, especially the product business, and the resulting increase in capacity utilization.
Similar to the Digital Industry Group, the adjusted EBITA growth of the Intelligent Infrastructure Group also benefited from the substantial reduction in severance expenses and the cost savings related to epidemic prevention and control.
The adjusted EBITA profit margin rose to 11.
2%, higher than the 8.
0% in the same period last year.

　　Traffic business

　　New orders: 2.
742 billion euros, a comparable year-on-year increase of 67%, and book value growth of 65% year-on-year (market consensus: 2.
348 billion euros)

　　Revenue: 2.
193 billion euros, a year-on-year increase of 4% on a comparable basis, and a book increase of 1% year-on-year (market consensus: 2.
259 billion euros)

　　Adjusted EBITA: 219 million euros (market consensus: 227 million euros)

　　Adjusted EBITA profit margin: 10.
0% (market consensus: 10.
0%)

　　Despite the market challenges caused by the epidemic, the continued successful performance of the transportation business is in line with market expectations.
The adjusted EBITA stabilized at 219 million euros, and the adjusted EBITA profit rate was 10.
0%, which was comparable to the level before the outbreak last year.

　　Original title: Siemens fiscal year 2021* quarterly revenue of 3.
765 billion euros

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