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Siemens AG saw its annual revenue increase from around 62 billion euros in 2021 to almost 72 billion euros in the 2022 fiscal year.

R&D expenses down, intensity up
In the 2020 fiscal year, Siemens reported research and development expenses of 4.6 billion euros compared with 4.7 billion the previous fiscal year. Despite this, the R&D intensity – the ratio of these expenses and revenue – increased year-on-year. There was equally growth in terms of the number of patents registered under the German company between the 2019 and 2020 fiscal years: from 42,400 in 2019 to 42,900 in 2020.

On track for a green future
Germany's rail operator Deutsche Bahn and Siemens have recently announced their plans to test the use of hydrogen for rail services for the first time in 2024. With the innovative project set to cut carbon dioxide emissions, DB aims to replace its 1,300 diesel-powered trains with more climate-friendly alternatives and ultimately become carbon-neutral by 2050.

Siemens AG's revenue from FY 2019 to FY 2022 (in million euros)

Characteristic	Revenue in million euros
2022	71,977
2021	62,265
2020	55,254
2019	58,483

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Release date

November 2022

More information

Region

Worldwide

Survey time period

FY 2019 to FY 2022

Supplementary notes

These figures are for the years ended September 30.
The figures for 2010 through 2020 were taken from previous editions.
The values exclude discontinued operations; the figures for 2010 through 2015 were made comparable.
One euro bought some 1.27 U.S. dollars on September 30, 2020.

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