In FY2023, new orders increased by 7% on a comparable basis to €92.3 billion (FY2022: €89 billion)
In FY2023, revenue increased 11% on a comparable basis to €77.8 billion (FY2022: €72 billion)
Record numbers: €11.4 billion in profits for Industrial Businesses (FY2022: €10.3 billion); Physical business margin increased to 15.4% (FY2022:15.1%)
Record free cash flow at group level of €10 billion (FY2022: €8.2 billion)
Net income nearly doubled to a record €8.5 billion (FY2022: €4.4 billion)
Proposed dividend of €4.70 per share (FY2022: €4.25)
Innomotics: will start the preparation of the independent operation plan
Fiscal year 2024 Outlook: Revenue is expected to grow 4% to 8% on a comparable basis, and basic earnings per share (net income before acquisition price allocation) is expected to be €10.40 to €11.00 (excluding the impact of the Company’s investment in Siemens Energy).
Siemens successfully maintained its profitable growth in fiscal year 2023 (October 1, 2022 to September 30, 2023) and set several new records. Siemens’ operating business delivered a record performance, with revenues for fiscal year 2023 rising 11% on a like-for-like basis, excluding the impact of currency movements and business mix, at the upper end of the annual revenue growth target guidance (9% to 11%). Physical business profits, profitability, and net income all set new records. Shareholders will benefit from the company’s superior performance. The Supervisory and Management boards of Siemens AG have proposed an increase in the dividend per share to €4.70 from €4.25 in fiscal year 2022.

Roland Busch, Chairman, President and Chief Executive Officer of Siemens AG, said: “In fiscal year 2023, we set a number of records: profits and margins in our physical business reached an all-time high, and net income nearly doubled to set a new record. Thank you to all of our colleagues around the world for their contribution to achieving such outstanding results. Our strategy is paying off, and Siemens will continue to help accelerate our customers’ digital transformation and sustainability.”

“In fiscal year 2023, Siemens continued to grow and create value, achieving free cash flow of more than 10 billion euros for the first time.” Ralf P. Thomas, Chief Financial Officer of Siemens AG, said: “Our shareholders will benefit from the outstanding performance of Siemens, the dividend per share will be increased to €4.70, corresponding to a dividend yield of 3.5%, and the share repurchase program will be accelerated.”

Net income nearly doubled and free cash flow hit an all-time high

Siemens’ fiscal year 2023 revenue increased 11% on a comparable basis to €77.8 billion (fiscal year 2022: €72 billion). New orders increased by 7% on a comparable basis to €92.3 billion (FY2022: €89 billion). The book-to-bill ratio of 1.19 is extremely high (FY2022:1.24). The total reserve order book once again broke a record at €111 billion.