Siemens AG announced on Thursday that its revenue in the fourth quarter of the fiscal year 2024 increased by 1% to €20.8 billion.
The company's net income rose 11% year-over-year to €2.1 billion, while its basic earnings per share (EPS) increased 11% in the quarter that ended September 30 to €2.42. For the full fiscal year 2024, Siemens reported revenue of €75.9 billion, up 1% year-on-year. In addition, its net income for the full year rose 5% to €9 billion, while its basic EPS also jumped 5% compared to fiscal 2023, reaching €10.53.
"In another successful fiscal year, we delivered record profit and stringently executed our strategy. In particular, we benefited from continuing strong demand for electrification, transportation and our industrial software offerings while our automation business remained challenging," President and CEO Roland Busch commented.
