Siemens sees a successful start as a specialist technology company

The latest results from Siemens recorded orders of 71.4 billion euros and a turnover of 62.3 billion euros in 2021. This represents an 11% growth in turnover. compared to 202, and profits rose 59% to 6.7 billion euros. This is also a substantial increase from the 2019 pre-pandemic turnover of 58.4 billion euros.

For the coming year, Siemens expects comparable-to-average revenue growth with orders already up 20% from 2020 and an orders-to-bill ratio of 1.15.

The company recorded profit gains in its four industrial activities, up 17% to 8.8 billion euros and in all regions, highlighting its successful transformation into a focused technology company and underlining the difference with the engineering part. heavy business. It says the effects of the pandemic and the ongoing supply chain risks for electronic components and raw materials have been successfully mitigated.

Growth was led by Digital Industries, which includes Siemens EDA and the IoT business, and Mobility.

“We have had a very successful start as a specialist technology company. In a difficult environment, we gained market share and significantly exceeded our profit forecast, ”said Roland Busch, President and CEO of Siemens AG. “This dynamic will continue during fiscal year 2022. We are ideally positioned to support our customers and benefit from the main growth drivers of digitalization and sustainability. We have the right strategy and – above all – the best team. I am personally very grateful for the exceptional dedication of our team around the world.

Digital Industries predicts comparable revenue growth of 5-8% in 2022 and a profit margin of 19-21%, including known headwinds of up to two percentage points associated with the strategic shift to Software as a Service ( SaaS) in parts of his large software company.

Smart Infrastructure forecasts comparable revenue growth of 5-8%. The profit margin is expected to be between 12 and 13 percent.

Mobility expects revenue growth of 5-8% and a profit margin of 10.0-10.5%.

After the Siemens Energy split in 2020, the company generated € 1.5 billion from the sale of its Flender business, the divestiture of its stakes in Bentley Systems and ChargePoint Holdings and the revaluation of its stake in Thoughtworks Holding. It established its Yunex Traffic technology business as well as its large drives and logistics operations and saw the IPO of its Fluence energy storage joint venture with AES. At the same time, it acquires component information company Supplyframe, medical technology company Varian, railway software provider Sqills and Indian low-voltage technology provider C&S Electric.

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