Siemens business figures
More than 4 billion euros profit
Siemens has presented its figures for the 2020 fiscal year. At €57.1 billion, the Group's revenue was 2 percent below the previous year's figure.
Siemens has presented its figures for the 2020 fiscal year. The Group generated revenue of €57.139 billion in the 2020 fiscal year (2019: €58.483 billion). At EUR 59.977 billion, order intake was around 7 percent below the previous year's figure of EUR 64.682 billion. Profit after tax amounted to EUR 4.200 billion, down on the previous year (EUR 5.648 billion). The business figures for the segments can be found on the second page.
CEO Joe Kaeser is satisfied with the results for fiscal 2020 and believes Siemens is well equipped for the future: "With the three Siemens companies Siemens Healthineers, Siemens Energy and the new 'Industrial' Siemens AG, we have created the conditions to master the greatest disruptive change of our time." This has laid the foundation for the future. "Now the increase in value creation can begin at a higher level - through even greater focus and forward-looking transformation," Kaeser continued in his speech on the occasion of the publication of the 2020 business figures.
Siemens Healthineers has long been an independent unit within the Siemens Group; the company went public on January 16, 2018. The IPO of Siemens Energy took place on September 28, but the company got off to a weak start and is reporting losses. In recent days, Siemens Energy has announced that it will no longer participate in tenders for new coal-fired power plants with immediate effect, thereby also responding to shareholder demands. Siemens is therefore withdrawing from the new coal-fired power plant business, but not from the retrofitting and conversion business.
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