Siemens earns 6,161 million euros in 2020/2021, 52.9% more

Siemens logo at its headquarters in Munich, Germany, in a file photo. EFE / Lukas Barth

Frankfurt (Germany), Nov 11 (EFE) .- The Siemens technology group obtained an attributable net profit of 6,161 million euros in fiscal year 2021, 52.9% more than a year earlier.
Siemens has reported that the turnover increased last year, which ended at the end of September, to 62,265 million euros (+12.7% compared to the previous year).
The new president and CEO of Siemens, Roland Busch, said when presenting the first balance of his presidency: “We have made a very successful start as a technology-focused company.”
Busch anticipates that this growth will continue into 2022 and found that Siemens is very well positioned to support customers and benefit from digitization and sustainability.
The German company has had growth opportunities in key markets despite the complex macroeconomic environment due to the covid-19 pandemic.
Siemens, which this year has managed to mitigate the impact of shortages of electronic components and raw materials, forecasts that global growth will continue in 2022, but at a slower pace, and that supply problems will decrease over the next year. .
Therefore, he expects that the industrial business will continue its profitable growth and revenues will rise an average figure of one digit.
Siemens spun off its energy division Siemens Energy, which it went public a year ago, and this is the first balance sheet in which it is not accounted for because it now appears as a discontinued operation.
Siemens Energy has reduced the net loss in 2021 to 560 million euros (-69.9% compared to a year ago), although the volume of business has increased to 28,482 million euros (+3.7%).
The Siemens Healthineers healthcare technology division, which went public in 2018, obtained an attributed net profit of 1,727 million euros, 22.4% more than in the same previous period, due to sales of rapid antigen tests.
All Siemens industrial divisions have increased operating profit in 2021, but financial services have increased losses somewhat.
Siemens is proposing to raise the dividend to 4 euros per share for fiscal year 2021 (3.5 euros for fiscal year 2020) due to the good results achieved and “great confidence in the future evolution of the company.”



Reference-www.infobae.com

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