29 January 2021

Siemens: Preliminary Operating Results For First Quarter Of Fiscal 2021 Significantly Above Market Expectations

Following a significantly better-than-expected business performance, the preliminary operating results for Siemens’ businesses for the first quarter of fiscal 2021 have exceeded market expectations. Driven by a strong improvement in the automation business and software business of Digital Industries and higher-than-expected growth in China, the operating results were substantially higher year-over-year (yoy). Mobility Orders: €2,742 million, comparable +67% yoy, nominal +65% yoy (consensus:

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