SIEMENS Mobility recorded €12.69bn in orders in the 2021 financial year, which ended September 30, up 38% from €9.16 in 2020. Revenue increased 2% from €9bn in 2020 to €9.2bn. Adjusted Ebita was €847bn, up 8% from €822bn the previous year, with an adjusted Ebita margin of 9.3%.

In the fourth quarter, the company recorded €2.75bn in orders, up 33% from the €2bn received in the same period the previous year. Revenue also increased from €2.44bn for the quarter to €2.51bn. Adjusted Ebita was €227m, down 6% from €241m the previous period, for an adjusted Ebita margin of 9%.

Siemens Mobility says orders were up across all business sectors, with sharply higher volume from large orders in the rolling stock business, including a €400m order from Austria for regional trains and two orders each worth €100m for locomotives in Germany and Slovakia.

Revenue growth came primarily from the rail infrastructure business, including significant growth in its mainline activities, although operating restrictions related to Covid-19 held back overall revenue growth.

Adjusted Ebita was held back by a less favourable mix in particular in the maintenance business following lower ridership in public transport in recent quarters.

In October 2021, Siemens Mobility closed its acquisition of Sqills, based in the Netherlands, which provides cloud-based inventory management, reservation and ticketing software for public transport operators.

In the 2022 fiscal year, Siemens Mobility expects comparable revenue growth of 5% to 8%. The profit margin is expected to be 10.0% to 10.5%.

An interview with Siemens Mobility CEO, Michael Peter, appears in the November issue of IRJ.