Siemens AG saw its annual revenue in 2021 increase by almost 12 percent, with its annual revenue surpassing 62 billion euros in the 2021 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 2021
(in million euros)
These figures are for the years ended September 30. The figures for 2010 through 2019 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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Siemens. (November 11, 2021). Siemens AG's revenue from FY 2019 to FY 2021 (in million euros) [Graph]. In Statista. Retrieved June 25, 2022, from https://www.statista.com/statistics/266153/revenue-of-siemens-ag/
Siemens. "Siemens AG's revenue from FY 2019 to FY 2021 (in million euros)." Chart. November 11, 2021. Statista. Accessed June 25, 2022. https://www.statista.com/statistics/266153/revenue-of-siemens-ag/
Siemens. (2021). Siemens AG's revenue from FY 2019 to FY 2021 (in million euros). Statista. Statista Inc.. Accessed: June 25, 2022. https://www.statista.com/statistics/266153/revenue-of-siemens-ag/
Siemens. "Siemens Ag's Revenue from Fy 2019 to Fy 2021 (in Million Euros)." Statista, Statista Inc., 11 Nov 2021, https://www.statista.com/statistics/266153/revenue-of-siemens-ag/
Siemens, Siemens AG's revenue from FY 2019 to FY 2021 (in million euros) Statista, https://www.statista.com/statistics/266153/revenue-of-siemens-ag/ (last visited June 25, 2022)