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.
Siemens Mobility has grown in all businesses. This was mainly due to major orders in the rail vehicle business, including a €0.4 billion order for regional trains in Austria and two orders worth €0.1 billion each for locomotives in Germany and Slovakia. The increase in sales is largely attributable to the rail infrastructure business, including considerable growth in mainline activities. Overall, however, growth was limited by operational restrictions due to the coronavirus pandemic. In October 2021, Mobility completed its acquisition of SQCAP (Sqills), Netherlands, a provider of cloud-based software for inventory management, reservation and ticket booking for public transport companies.