Siemens 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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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.

Readers' choice "Products of the year 2022"
96 products make up the list of nominees for this year's "Products of the Year 2022" readers' poll! Now your opinion counts: Which are the most innovative and useful products?

Baumüller has revised the HYG1 servomotor series for aggressive environments and for industries with very high demands on hygiene, cleanliness and corrosion protection and has increased the flexibility for connection to the customer's machines.

Igus has expanded its range of hybrid cables with a cable especially for SEW motors with the 'Movilink DDI' interface. This gives users access to a cable specially developed for use with energy chains.

Dunkermotoren is taking the step towards becoming a solution provider: The drive specialist is now offering IIoT services under the 'Nexofox' brand. In this interview, Markus Weishaar, Head of IIoT & Services at Dunkermotoren, explains the background.

Turck has further developed the inductive 'Li-Q25' displacement encoders and equipped them with IO-Link.

The management structure at drive supplier Dr. Fritz Faulhaber will change in January 2022. The previous managing directors will hand over responsibility to a five-member management team led by Karl Faulhaber due to their age.

"Be boring" - that's what an analyst once advised him, says the CFO of the traditional company. In the first year under the leadership of Siemens CEO Busch, the DAX heavyweight has achieved a strong jump in profits in this style.

Will industrial groups get so big at some point that they get in their own way? Siemens and Philips are constantly selling off parts of their companies or taking them public. Now the US competitor GE is breaking itself up. The goal: more growth.

Siemens raised its forecast three times in the current 2021 fiscal year and has now significantly exceeded it: Profit after tax rose by 59% to €6.7 billion.