- Third-quarter orders climbed 14% on a comparable basis, excluding currency translation and portfolio effects, led by a sharp increase at Smart Infrastructure; comparable revenue rose 8%, with increases in all industrial businesses
- On a nominal basis, orders reached a record €27.9 billion, up 13%, and revenue rose 7% to €20.8 billion for a very strong book-to-bill ratio of 1.34
- Profit Industrial Business surged 25% to a record €3.5 billion, with a profit margin of 17.3%, on improvements in most industrial businesses
- Net income rose 15% to €2.6 billion; corresponding basic earnings per share (EPS) were €2.93, and EPS before purchase price allocation accounting (EPS pre PPA) were €3.14
- Excellent cash generation resulted in sharply higher Free cash flow of €4.1 billion for the Siemens Group
We delivered another very successful quarter with record orders and profit. By executing our ONE Tech Company program, we’ve been accelerating our innovation, which is enabling us to create additional value for our customers. Our technological leadership in all businesses, clear focus on industrial AI, and strong positioning in attractive markets are driving our profitable growth. We have exactly the technologies our customers need to speed up their innovation, increase their productivity and drive their digital transformations. We are on track to complete another successful fiscal year, and we raise our outlook.
Roland Busch, President and Chief Executive Officer of Siemens AG
We delivered excellent free cash flow of €4.1 billion in the third quarter, which reflects our strong operational performance. For the full fiscal year, we once again aim to achieve a double-digit free-cash-flow return on revenue. We’re executing our strategy consistently, and our newly launched share-buyback program continues to create value for our shareholders. As expected, we’ve now received binding decisions from the tax authorities clarifying the relevant tax topics. As a result, we can proceed with the spin-off of Siemens Healthineers as planned.
Veronika Bienert, Chief Financial Officer of Siemens AG
