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 consolidated financial statements: The result from Siemens Energy investment includes the share of its profit after tax and, in addition, amortization of assets resulting from the purchase price allocation due to the initial recognition of the investment at fair value in September 2020. Central items with a positive change, mainly due to a revaluation gain of € 260 million from the stake in Thoughtworks as part of the IPO in the USA. This was offset by charges of EUR 60 million from changed estimates in connection with provisions for a legacy project; expenses for personnel restructuring amounted to EUR 25 million (Q4/2020: EUR 22 million)