Siemens AG - revenue 2010-2019

Siemens AG has managed to increase its annual revenue from 2018 by three percent, meaning that annual revenue surpassed 86.8 billion euros in the 2019 fiscal year.

Restructure and redirection

Revenue grew in 2019 at Siemens in spite of a struggling power and gas division, which will be spun off by the end of 2020. In fact, revenue from this division dropped from around 18 billion euros in 2018 to about 17.66 billion euros in 2019. It is no surprise then that - when Siemens announced earlier 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, some new positions were expected created, and employee figures rose from 377,000 in 2018 to 383,000 in 2019.

Siemens AG's revenue from FY 2010 to FY 2019

Revenue in million euros
201986,849
201883,044
201782,863
201679,644
201575,636
201471,227
201373,445
201274,734
201169,607
201065,067
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Source

Release date

November 2019

Region

Worldwide

Survey time period

FY 2010 to FY 2019

Supplementary notes

These figures are for the years ended September 30.
The figures for 2010 through 2017 were taken from previous editions.
The values exclude discontinued operations; the figures for 2010 through 2015 were made comparable.
One euro bought some 1.1 U.S. dollars on September 30, 2019.

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