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Siemens Q1/2023 - Mobility
© Siemens

In the Mobility division, a series of major orders ensured a good order intake. These include a EUR 0.9 billion order for a turnkey metro system in Australia and orders for locomotives worth a total of around EUR 300 million in Europe. Compared to the same period of the previous year (Q1/2022), however, it is down; the Group emphasized, however, that the first quarter of 2022 recorded the highest order intake ever achieved in a single quarter. Sales revenue increased in most businesses, led by double-digit percentage growth in the rail infrastructure business. Both earnings and profitability continue to be impacted by delivery delays for sourced materials and components as well as less favorable business mix. According to Siemens, these effects were largely offset by positive effects primarily from the sale of previously written-off inventories.Mobility still intends to achieve revenue growth on a comparable basis in fiscal 2023.

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