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.
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According to the Group, Siemens Financial Services benefited from the current favorable credit environment, which resulted in a strong improvement in earnings before income taxes in the debt financing business. The higher net result in the investment business is mainly attributable to energy-related investments in connection with rising prices on global energy markets. The main reason for the increase in total assets compared to the end of the 2021 financial year is positive currency translation effects.