China News Agency, Berlin, May 8 (Reporter Peng Dawei) German industrial giant Siemens announced on the 7th the results of the second quarter of the 2021 fiscal year showed that its full-line business achieved strong profitable growth.
Roland Busch, President and CEO of Siemens AG, said that China's industrial production has significantly exceeded the level before the new crown epidemic, and the Chinese market has made a very significant contribution to Siemens Group's revenue growth beyond expectations.
Siemens is headquartered in Berlin and Munich, Germany. It is the world's leading technology company and the leader of German "Industry 4.0".
In fiscal year 2019, Siemens' total revenue in China reached 8.4 billion euros and it had more than 35,000 employees.
As of fiscal year 2019, Siemens has 21 R&D centers in China with more than 5,000 R&D and engineering personnel.
Boleren made the above statement during the online performance conference held by Siemens that day.
The latest performance report released on the same day showed that thanks to the performance growth of the four major entity businesses and the strong development in China, in the second quarter of fiscal 2021, Siemens Group revenue increased significantly on a comparable basis (yoy, the same below) 9% , Reaching 14.7 billion euros.
New orders climbed 11%, reaching 15.9 billion euros on a comparable basis.
Among them, the new orders of Siemens Medical and Intelligent Infrastructure Group both achieved double-digit growth, becoming the biggest driving force for the company's performance growth.
Boleren said that Siemens' second quarter performance growth was stronger than expected. "China has made a very significant contribution to this. Our revenue in China has soared by 44% year-on-year."
He also noticed that China's industrial production has not only recovered, it has significantly exceeded its pre-epidemic level.
In many major business segments of the Siemens Group, China business has achieved substantial growth.
Ralf P. Thomas, Chief Financial Officer of Siemens AG, said that in the second quarter, automation business orders in the Chinese market increased by 45% and sales increased by 61%; in terms of smart infrastructure, sales in the Chinese market An increase of 48%.
Ralph Thomas said that Siemens’ performance growth in the quarter came mainly from the automotive industry, machinery manufacturing and software business, and from a regional perspective, it was mainly due to business growth from China.
"On this basis, we have doubled confidence in the development prospects of the second half of the fiscal year." (End)