Siemens AG - revenue 2010-2018

Siemens AG's revenue from FY 2010 to FY 2018 (in million euros)

by I. Wagner, last edited Aug 9, 2019
Siemens AG - revenue 2010-2018Siemens AG has managed to marginally increase its annual revenue from 2017 by 0.2 percent, meaning that annual revenue surpassed 83 billion euros in the 2018 fiscal year. The net profit for the company had a slightly larger growth of 0.4 percent during the same period: Siemens AG’s net profit increased from 6.12 billion euros to 6.94 billion euros.
Restructure and redirection

Revenue growth in 2018 was somewhat stagnant at Siemens, due in part to a struggling power and gas division, which will be spun off by the end of 2020. In fact, revenue from this division substantially dropped from around 15 billion euros in 2017 to about 12 billion euros in 2018, making the business unit drop to second place at the company in terms of revenue generated and second bottom in terms of net profit produced. It is no surprise then that - when Siemens announced earlier this year that the power and gas division was to be spun off - shares for the company went up 5.5 percent. As is too often the case, the announcement about the spin-off was accompanied with that of job cuts. Over 10,000 employees in digital, infrastructure and corporate fields will be laid off in order to save cash. On the upside, investors will still look forward positively to the next fiscal year, 20,500 new positions are expected to be created, some of which in the same areas.
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Siemens AG's revenue from FY 2010 to FY 2018 (in million euros)

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