Siemens reports revenue of €17.4B in Q4
Siemens AG said on Thursday that its revenue in the fourth quarter of its fiscal 2021 amounted to €17.4 billion, rising 18% compared to the same period a year earlier and topping estimates.
Siemens AG said on Thursday that its revenue in the fourth quarter of its fiscal 2021 amounted to €17.4 billion, rising 18% compared to the same period a year earlier and topping estimates, Baku Tribune reports citing Breaking News.
Net income slid 29% year on year to €1.3 billion and basic earnings per share (EPS) tumbled 34% to €1.45. Adjusted EBITA Industrial Businesses was down 14% to €2.7 billion. For the full fiscal 2021, Siemens' revenue was €62.3 billion.
"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," CEO Roland Busch stated. "This momentum will continue in fiscal 2022. We’re ideally positioned to support our customers and benefit from the major growth drivers of digitalization and sustainability," he added.
The Rocket and Artillery formations of the Azerbaijan Army conduct live-fire exercises in accordance with the combat training plan for 2021, the Ministry of Defense of Azerbaijan told Baku Tribune.
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Editor's note: Eugene Chausovsky is a senior analyst at the Newlines Institute. Chausovsky previously served as senior Eurasia analyst at the geopolitical analysis firm Stratfor for more than 10 years. His work focuses on political, economic, and security issues pertaining to Russia, Eurasia, and the Middle East.
