Siemens Aktiengesellschaft Reports Earnings Results for the Third Quarter and Nine Months Ended June 30, 2022
August 11, 2022 at 04:58 pm EDT
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Siemens Aktiengesellschaft reported earnings results for the third quarter and nine months ended June 30, 2022. For the third quarter, the company reported sales was EUR 17,867 million compared to EUR 16,085 million a year ago. Net loss was EUR 1,655 million compared to net income of EUR 1,352 million a year ago. Basic loss per share from continuing operations was EUR 2.05 compared to basic earnings per share from continuing operations of EUR 1.55 a year ago. Diluted loss per share from continuing operations was EUR 2.06 compared to diluted earnings per share from continuing operations of EUR 1.54 a year ago. Basic loss per share was EUR 2.06 compared to basic earnings per share of EUR 1.68 a year ago.
For the nine months, sales was EUR 51,405 million compared to EUR 44,820 million a year ago. Net income was EUR 1,022 million compared to EUR 4,994 million a year ago. Basic earnings per share from continuing operations was EUR 1.3 compared to EUR 4.98 a year ago. Diluted earnings per share from continuing operations was EUR 1.28 compared to EUR 4.92 a year ago. Basic earnings per share was EUR 1.27 compared to EUR 6.23 a year ago.
Siemens AG is one of the world's leading manufacturers of electronic and electro-technical equipments. Net sales (including intragroup) break down by family of products as follows:
- digital industrial equipment (28.2%): automated production, assembly, logistics and monitoring systems, etc.;
- medical equipment (27.8%): medical imaging systems, laboratory diagnostics and hearing aid systems, etc.;
- smart building and infrastructure solutions (25.6%): energy transition solutions, HVAC products (heating, ventilation and air conditioning systems), building security systems (fire detection and protection systems, access control, video surveillance and intrusion detection systems, etc.), building management systems, etc.;
- mobility solutions and systems (13.5%): rail vehicles, rail automation systems, rail electrification systems, digital and cloud-based solutions, etc.
The remaining net sales (4.9%) are primarily from financial activities (leasing, equipment and project financing, financial consulting services, etc.).
Net sales are distributed geographically as follows: Germany (16.3%), Europe/CIS/Africa/Middle East (30.8%), the United States (23.9%), America (5.2%), Asia and Australia (23.8%).