SIEGY - Siemens Non-GAAP EPS of Euro1.50 revenue of Euro17.04B; reaffirms FY22 guidance

Siemens press release (OTCPK:SIEGY): FQ2 Non-GAAP EPS of €1.50. Revenue of €17.04B (+16.2% Y/Y). Orders for the second quarter climbed 32% year-over-year, reaching €21.0 billion on double-digit increases in all industrial businesses, while revenue rose 16% year-over-year, to €17.0 billion, for a book-to-bill ratio of 1.23. Orders rose 22% and revenue grew 7% on a comparable basis, excluding currency translation and portfolio effects, primarily the acquisition of Varian Medical Systems, Inc. (Varian) between the periods under review. Free cash flow from continuing and discontinued operations rose to €1.3 billion (Q2 FY 2021: €1.2 billion). Outlook: For the Siemens Group we expect 6% to 8% growth in comparable revenue, net of currency translation and portfolio effects (previously expected at mid-single-digit), and a book-to-bill ratio above 1. Digital Industries expects for fiscal 2022 to achieve comparable revenue growth of 9% to 12% (previously expected at 5% to 8%) and a profit margin

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Siemens Non-GAAP EPS of €1.50, revenue of €17.04B; reaffirms FY22 guidance