Financial year 2022Siemens with 10.3 billion euros profit
Despite the war in Ukraine, high write-downs from the energy business and supply chain problems, Siemens was able to increase its profit from the industrial business to €10.3 billion. The Group aims to earn significantly more in the 2023 financial year.
double-digit growth rates in incoming orders. This was driven by strong demand for data centers and digital building services. The Electrical Products business made a major contribution to sales growth. In geographical terms, all reporting regions recorded volume increases, with the largest contribution to growth coming from the USA, particularly from the Electrification and Electrical Products business.The increase in earnings in all businesses is primarily due to higher capacity utilization, price adjustments to compensate for cost inflation and cost savings from the implementation of the program to increase competitiveness.