Financial year 20216.7 billion euros profit for Siemens
Siemens raised its forecast three times in the current 2021 fiscal year and has now significantly exceeded it: Profit after tax rose by 59% to €6.7 billion.
In the fourth quarter, Digital Industries was able to increase both incoming orders (+34% to EUR 5.520 billion) and sales (+17% to EUR 4.542 billion) compared to the same period of the previous year. Business in the factory automation and motion control sectors in particular grew substantially. This is due to the continued recovery in the automotive and mechanical engineering sectors, which recorded double-digit growth despite higher material prices. In addition, the automation businesses continued to successfully manage their supply chain risks, particularly those relating to electronic components. The software business was able to absorb higher expenses for cloud-based activities, including initial effects from the conversion of parts of the business to Software as a Service (SaaS).