Order Growth Drives Siemens’ 18 Percent Revenue Surge in Q4, Proposes to Raise Dividend

By Benzinga
Benzinga
Benzinga
November 12, 2021 Updated: November 12, 2021

Siemens AG reported fourth-quarter FY21 revenue growth of 18 percent year-on-year to €17.4 billion. Orders rose 26 percent Y/Y to €19.1 billion.

Orders increased 16 percent, and revenue rose 10 percent on a comparable basis.

Adjusted EBITA margin for Industrial Businesses was 13.8 percent versus 18.7 percent last year.

Basic EPS was €1.45, a 34 percent decline from last year.

Siemens held €9.5 billion in cash and equivalents and generated €4.4 billion in operating cash flow.

“We achieved a very successful start as a focused technology company. In a challenging environment, we have won market share and clearly exceeded our net income guidance,” said CEO Roland Busch. “This momentum will continue in fiscal 2022.”

Dividend

Siemens proposes to increase the dividend from €3.50 a year earlier to €4.00 per share.

Outlook: Siemens sees mid-single-digit comparable revenue growth, net of currency translation and portfolio effects, and a book-to-bill ratio above 1.

Siemens sees basic EPS from net income before purchase price allocation accounting of €8.70–€9.10.

Siemens expects industrial businesses to continue their profitable growth.

Price Action

SIEGY shares traded higher by 3.71 percent at $87.01 on the last check Thursday.

By Anusuya Lahiri 

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