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    Home > Chemicals Industry > China Chemical > Siemens performed well in fiscal 2022

    Siemens performed well in fiscal 2022

    • Last Update: 2023-01-04
    • Source: Internet
    • Author: User
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    【Chemical Machinery and Equipment Network Star Enterprise】Siemens achieved excellent performance
    again in fiscal year 2022 (October 1, 2021 to September 30, 2022).
    New orders and revenue from the company's four major physical businesses increased and maintained strong momentum
    .
    In some of these areas, growth has been particularly pronounced
    .
    Despite the complex macroeconomic environment due to economic sanctions against Russia, high inflation and the pandemic, Siemens is once again growing
    in all key markets.
    In addition, despite facing supply chain risks related to electronic components, raw materials and logistics, Siemens effectively avoided supply chain disruptions
    in fiscal 2022.

     
    Shareholders will also benefit from the company's excellent performance
    .
    The Supervisory Board and Management Board of Siemens AG have proposed an increase in the dividend per share to €4.
    25 from €4.
    00 in the previous fiscal year, which not only reflects Siemens' strong performance in the 2022 fiscal year, but also demonstrates the company's strong confidence
    in the future.

     
    Roland Busch, Chairman, President and CEO of Siemens AG, said: "Siemens achieved another strong performance in fiscal 2022, with a record profit of more than 10 billion euros
    .
    We successfully implemented our corporate strategy and achieved high-quality growth
    .
    Demand for Siemens' hardware and software solutions remained strong, and our digital business revenue grew faster than expected
    .
    In such a challenging year, every colleague has contributed greatly to
    our success.

     
    "Siemens is as good as ever
    .
    With real business margins reaching new highs, our free cash flow reached a quality level again in fiscal 2022 at €8.
    2 billion.

    Ralf P.
    Thomas, Chief Financial Officer of Siemens AG, said, "Our outstanding business performance will benefit
    our shareholders.
    With an increase in the dividend per share to EUR 4.
    25, a corresponding dividend yield of 4.
    2%, and accelerated share buybacks and a reduction in the number of shares outstanding, Siemens will continue to be a
    strong investment.

     
    Exceeding Annual Revenue Target Guidance Free cash flow remains strong
     
    Excluding currency movements and the impact of the business mix, Siemens' revenue in fiscal 2022 increased by 8.
    2 percent on a comparable basis to €72.
    0 billion (2021: €62.
    3 billion), exceeding the annual revenue growth target guidance of 6 to 8 percent
    .
    New orders rose by 17 percent on a comparable basis to EUR 89 billion (FY2021: EUR 71.
    4 billion).

    The order-to-bill ratio was outstanding at 1.
    24 (FY2021: 1.
    15).

    Reserve orders totalled EUR 102 billion, a record high and a high level of quality
    .

     
    In fiscal 2022, Siemens' digital revenue grew at a high rate of €6.
    5 billion (2021: €5.
    6 billion), a growth rate of around 15 percent, significantly exceeding the previously announced average growth rate of 10 percent
    .

     
    Profit from the physical business rose by 17 percent to a record €10.
    3 billion (2021: €8.
    8 billion).

    The profit margin of the physical business improved to 15.
    1%.

    Net income amounted to EUR 4.
    4 billion (FY2021: EUR 6.
    7 billion).

    The decrease in net income was mainly due to the non-cash impairment of €2.
    7 billion of its Siemens Energy stake in the third quarter
    .
    Basic earnings per share amounted to EUR 5.
    47 (2021: EUR 8.
    32) on a net basis before purchase price allocation, or EUR 8.
    84 excluding the impact of the impairment of its shares in Siemens Energy
    .

     
    At Group level, Siemens' free cash flow from continuing and discontinued operations reached a record high of €8.
    2 billion in the previous fiscal year (2021: €8.
    2 billion), with strong free cash flow from the physical businesses at €9.
    7 billion (2021: €9.
    8 billion).


     
    The fourth quarter ended strongly
     
    In the fourth quarter of fiscal 2022, new orders from Siemens climbed to €21.
    8 billion (Q4 2021: €19.
    1 billion), with strong
    growth in the Smart Infrastructure Group and Siemens Healthineers in particular.
    Revenue increased by 12 percent on a comparable basis to EUR 20.
    6 billion (Q4 2021: EUR 17.
    4 billion).

    All physical businesses contributed to revenue growth, with double-digit revenue growth
    in Digital Industries Group and Smart Infrastructure Group.
    The order-to-bill ratio was 1.
    06, still well above 1
    .

     
    Outlook for fiscal 2023
     
    Siemens' guidance for fiscal 2023 is based on the premise
    that geopolitical tensions will not rise further and that the impact of the coronavirus pandemic and supply chain challenges continue to ease.
    On this basis, with sufficient reserve orders, especially for short-cycle businesses, the Company expects continued profitable growth
    in the physical business.

     
    Excluding currency movements and the impact of business mix, Siemens expects Group revenue to grow by 6 to 9 percent on a comparable basis and an order-to-bill ratio above 1
    in the new fiscal year.

     
    Digital Industries expects revenue growth of 10 to 13 percent on a comparable basis and margins of 19 to 22 percent
    for fiscal 2023.

     
    The Smart Infrastructure Group expects revenue growth of 8% to 11% on a comparable basis and margins of 13% to 14%
    for fiscal 2023.

     
    Siemens Mobility expects revenue growth of 6 to 9 percent on a comparable basis and margins of 8 to 10 percent
    for fiscal 2023.

     
    In fiscal 2023, Siemens expects basic earnings per share to rise to €8.
    70 to €9.
    20 on a pre-purchase price basis based on net income before purchase price allocation, driven by profitable growth in the real business
    .

     
    For: Siemens Fiscal 2022 Excellence (October 1, 2021 to September 30, 2022)
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