Quarterly figures Q1/2022Siemens increases profit by 20
Strong sales, a significant increase in order intake and a profit of €1.8 billion - this summarizes the first quarter of fiscal year 2022 for Siemens.
The growth in incoming orders of 26% to EUR 4.9 billion (like-for-like basis) was primarily driven by business with electrical products and electrification, which included major orders from the semiconductor industry in the USA. Continued high demand from industrial customers and data center operators also had a positive impact. On a comparable basis, sales revenue grew by 6% to EUR 3.8 billion. Earnings rose by almost a quarter to EUR 480 million compared to EUR 391 million in the same quarter of the previous year. According to the Group, earnings increased in all businesses primarily due to higher capacity utilization and cost savings from the implementation of the competitiveness program to date. The earnings margin rose to 12.6% compared to 11.2% in the first quarter of 2021.