Orders climbed 11% on a comparable basis, excluding currency translation and portfolio effects, and revenue rose 9%.
On a nominal basis, orders increased 8% to
Adjusted EBITA Industrial Businesses was
Net income and basic earnings per share (EPS) were sharply higher, at
Excellent Free cash flow from continuing and discontinued operations of
As our order intake and revenue in the second quarter impressively demonstrate, our customers place great trust in us. We support them with their digital transformation, which enables them to become faster, more efficient and more sustainable. I'm extremely pleased that all our businesses are delivering excellent results and that we're growing profitably - despite continuing uncertainties. My thanks go to all the people at Siemens worldwide for their dedication and for always embracing a growth mindset.
The second quarter once again underscores Siemens' performance capabilities and reliability, especially under challenging conditions, which was reflected in all key financial figures. Growth momentum came, in particular, from the automotive industry, machine building, our software business and - from a geographic perspective - from
Earnings Release Q2 FY 2021,
Outlook
Although we continue to anticipate a complex macroeconomic environment influenced by COVID-19, we expect our businesses to continue to deliver a strong performance in the second half of fiscal 2021. Furthermore, we realized substantial gains from portfolio transactions in the first half of the fiscal year. Therefore, we again raise our outlook for the fiscal year.
We continue to anticipate that negative currency effects will strongly burden both nominal growth rates in volume and Adjusted EBITA for our industrial businesses in fiscal 2021.
We now raise our expectation for comparable revenue, net of currency translation and portfolio effects, to growth of 9% to 11%, above the range of mid- to high-single-digit growth given in the Earnings Release for Q1 FY 2021. We continue to expect a book-to-bill ratio above 1.
Smart Infrastructure expects to achieve comparable revenue growth of 5% to 7% in fiscal 2021. The expectation for Adjusted EBITA margin is now 11% to 12%, an increase of half a percentage point.
Mobility continues to anticipate mid-single-digit comparable revenue growth and an Adjusted EBITA margin of 9.5% to 10.5% in fiscal 2021.
In line with the results already achieved during the first half of fiscal 2021 and the expectations described above, we raise our outlook for net income to the range from
As previously, this outlook excludes burdens from legal and regulatory issues and effects in connection with
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