© Siemens

Siemens Financial Services recorded higher results in a volatile credit environment. The same quarter of the previous year was impacted by Russia-related charges of €123 million. Strong impetus came from the investment business, such as a gain of €57 million from the sale of a stake in an investment. According to the Group, the third quarter of 2022 also included a gain on disposal of EUR 66 million and a revaluation gain, both in connection with shares in equity investments The fact that total assets nevertheless decreased is primarily due to negative currency translation effects.