Siemens Clocks 17 Percent Revenue Growth in Q1; Discloses Asset Divestment Plans

Stock photo of a clock on top of papers with chart info, next to a laptop computer. Nataliya Vaitkevich/Pexels

Siemens AG reported first-quarter FY22 revenue growth of 17 percent year-on-year to €16.5 billion. Orders rose 52 percent Y/Y to €24.2 billion.

Orders increased 42 percent, and revenue rose 9 percent on a comparable basis.