Siemens AG operates in the Turbines and turbine generator sets sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Siemens with three other
manufacturers of engines in Europe:
Vestas Wind Systems AS
sales of 110.45 billion Danish Kroner [US$17.55 billion]
of which 86%
was Power Solutions),
Siemens Gamesa Renewable Energy SA
(9.48 billion Euros [US$11.21 billion]
of which 81%
was Wind Turbine Manufacturing), and
Siemens Energy AG
(27.46 billion Euros [US$32.45 billion]
of which 65%
was Gas and Power).
During the third
quarter of 2021, sales at Siemens totalled
16.09 billion Euro.
an increase of 36.9%
from the 11.75 billion Euro in sales at the company during the third quarter of 2020.
This was the biggest same quarter rise in sales at Siemens in the previous 36 quarters.
During the first three quarters of 2021, sales totalled 44.82 billion Euro, which is
than through the first three
quarters of 2020.
There appears to be at least some degree of seasonality in the sales at Siemens: during 8 of the previous 9
years, sales were highest during the fourth quarter.
The exception to this was during 2020, when the
first quarter was the best quarter, accounting for
31% of sales (during that same year, the
fourth quarter accounted for 27% of sales).
Siemens reported sales of 57.14 billion Euro (US$67.54 billion)
September of 2020.
decrease of 34.2%
versus 2019, when the company's sales were 86.85 billion Euro.
Contributing to the drop in overall sales was the 14.2% decline
in Financial Services (Sfs), from 777.00 million Euro to 667.00 million Euro.
There were also decreases in sales in
Siemens Healthineers (down 0.4% to 14.35 billion Euro)
Digital Industries (down 6.8% to 14.28 billion Euro)
Smart Infrastructure (down 4.7% to 13.74 billion Euro)
Portfolio Companies (down 6.8% to 4.63 billion Euro)
However, these declines were partially offset by the increase in sales of
Mobility (up 1.6% to 9.01 billion Euro)
Reconciliation (up 20.5% to 458.00 million Euro)