Siemens Q2/2023

© Siemens

Group sales increased by 14% to EUR 19.4 billion in the second quarter of the current financial year. Incoming orders rose by 13% to 23.6 billion euros. According to the Group, the order backlog reached a new record level of 105 billion euros. The book-to-bill ratio, i.e. the ratio of new orders to sales, amounted to 1.22. As a result, profit after tax increased to €3.6 billion. Siemens also benefited from a tax-free profit of €1.6 billion due to a write-up of the Group's stake in Siemens Energy.