Outstanding start to fiscal 2021 – Annual guidance raised significantly

 

  • Revenue increased in first quarter to €14.1 billion, orders surged to €15.9 billion
  • Adjusted EBITA Industrial Businesses jumped 39 percent year-over-year to €2.1 billion and adjusted EBITA margin to 16.0 percent Q1 2020: 11.7 percent)
  • Net income rose substantially to €1.5 billion (Q1 2020: €1.1 billion)
  • Free cash flow improved significantly to €1.0 billion (Q1 2020: €44 million)
  • Net income in 2021 expected to be between €5.0 billion and €5.5 billion

Siemens AG has started off fiscal 2021 with a strong first quarter. From October to December 2020, orders, revenue and net income considerably exceeded both the prior-year figures and market expectations despite the still complex macroeconomic environment due to the COVID-19 pandemic and despite negative currency translation effects. As a result, Siemens has significantly raised its annual guidance for fiscal 2021 at key points.


The full text of the press release can be found in the attached PDF.

This press release is available at https://sie.ag/2MMnlaE.

This document contains statements related to our future business and financial performance and future events or developments involving Siemens that may constitute forward-looking statements. These statements may be identified by words such as “expect,” “look forward to,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “estimate,” “will,” “project” or words of similar meaning. We may also make forward-looking statements in other reports, in prospectuses, in presentations, in material delivered to shareholders and in press releases. In addition, our representatives may from time to time make oral forward-looking statements. Such statements are based on the current expectations and certain assumptions of Siemens’ management, of which many are beyond Siemens’ control. These are subject to a number of risks, uncertainties and factors, including, but not limited to, those described in disclosures, in particular in the chapter Report on expected developments and associated material opportunities and risks of the Annual Report. Should one or more of these risks or uncertainties materialize, events of force majeure, such as pandemics, occur or should underlying expectations including future events occur at a later date or not at all or assumptions prove incorrect, actual results, performance or achievements of Siemens may (negatively or positively) vary materially from those described explicitly or implicitly in the relevant forward-looking statement. Siemens neither intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated.
This document includes – in the applicable financial reporting framework not clearly defined – supplemental financial measures that are or may be alternative performance measures (non-GAAP-measures). These supplemental financial measures should not be viewed in isolation or as alternatives to measures of Siemens’ net assets and financial positions or results of operations as presented in accordance with the applicable financial reporting framework in its Consolidated Financial Statements. Other companies that report or describe similarly titled alternative performance measures may calculate them differently.
Due to rounding, numbers presented throughout this and other documents may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures.

Firmenkontakt und Herausgeber der Meldung:

Siemens AG
Wittelsbacherplatz 2
80333 München
Telefon: +49 (89) 636-00
Telefax: +49 (89) 63652000
http://www.siemens.com

Ansprechpartner:
Clarissa Haller
Communications
E-Mail: press@siemens.com
Florian Martens
Telefon: +49 (89) 636-22804
E-Mail: florian.martens@siemens.com
Dr. Simon Friedle
Telefon: +49 (89) 636-20012
E-Mail: simon.friedle@siemens.com
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