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.
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Siemens Financial Services: High earnings contribution from debt financing business. This was mainly due to a very strong decline in expenses for loan loss provisions compared to Q4 FY 2020, when results were significantly impacted by COVID-19 related effects. Siemens was also able to increase its total assets compared to the end of the 2020 financial year. This is partly due to growth in the debt financing business, including positive currency translation effects.