18 February 2022 Europe

Siemens Earnings Release Q1 FY 2022: Very Successful Start To Fiscal 2022

Orders for the first quarter surged 52% year-over-year, reaching €24.2 billion on double-digit increases in all industrial businesses, while revenue climbed 17% year-over-year, to €16.5 billion, for an extraordinary book-to-bill ratio of 1.47 Orders rose 42% and revenue grew 9% on a comparable basis, excluding currency translation and portfolio effects, primarily the acquisition of Varian Medical Systems, Inc. (Varian) between the periods under review Profit Industrial Business increased 12% y

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