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Shareholder Letter Q1 FY2021 Siemens Energy Investor Relations SIEMENS energy Dear shareholders , I hope you and your family had a great start into the year 2021 . Tuesday last week , our CEO Christian Bruch together with our CFO Maria Ferraro presented the first quarter results of fiscal year 2021 . " The first quarter proves that we are on the right path to reach our annual targets . The Siemens Energy team achieved a solid start into the new fiscal year even under difficult circumstances . " said Christian Bruch . Despite the effects of the Covid - 19 pandemic on our operational performance we have been able to close the first quarter with solid results . Accordingly , management confirmed the outlook for fiscal year 2021. The positive development has been reflected in a good share price performance . Since the publication of previous quarter's results in November 2020 , the share price has risen by almost 48 % . Revenue increased by 3 % to € 6.5bn despite negative currency translation effects . On a comparable basis ( excluding currency translation and portfolio effects ) revenue rose by nearly 8 % . Orders of € 7.4bn were substantially below the high basis of comparison of the prior year , driven by a sharp decline at Siemens Gamesa Renewable Energy ( SGRE ) . However , order intake was significantly higher than revenue . Consequently , despite negative currency effects , the order backlog of € 79bn was nearly unchanged compared to past fiscal year - end . Adjusted EBITA reached € 243m . The recent quarter benefited from operational improvements and positive temporary effects . Special items came in at negative € 123m . Adjusted EBITA before Special Items ( SI ) increased to € 366m reflecting a margin of 5.6 % . Net income sharply improved to € 99m after a loss in the prior - year quarter . Basic earnings per share ( EPS ) amounted to € 0.09 . At the event Christian Bruch provided additional information in respect to our sustainability strategy and presented our latest sustainability projects , which we further detail on pages 3 and 4 . The Siemens Energy AGM 2021 , was held on February 10 . 75.85 % of the voting capital were represented and all agenda items were approved by our shareholders ( page 2 ) . Dear shareholders , I want to thank you for your trust and interest in Siemens Energy . Best regards Michael Michael Hagmann | Head of Investor Relations Q1 FY2021 Maria Ferraro SIEMENS energy Christian Bruch Share Performance November 10 , 2020 - February 10 , 2021 180 % 160 % 140 % 120 % 100 % 80 % Siemens Energy | MDAX | DAX 10 - Nov 25 - Nov 10 - Dec 25 - Dec 9 - Jan 24 - Jan 10 - Feb Siemens Energy + 48 % | MDAX + 16 % | DAX + 6 % GE + 31 % | Baker Hughes + 30 % | Hitachi + 38 % | MHI + 33 % Key Financial Indicators ( in € bn , except where otherwise stated ) Orders 26 ) % / ( 21 ) % 1 ( 26 ) % / 10.0 Q1 FY20 Revenue + 3 % / + 8 % ¹ 7.4 6.4 6.5 Q1 FY21 Q1 FY20 Q1 FY21 Adj . EBITA Margin before SI + 680bps EPS in € 5.6 % ( 0.19 ) ( 1.2 ) % Q1 FY20 Q1 FY21 n / a 0.09 Q1 FY20 Q1 FY21 Siemens Energy Shareholder Letter 1 xx % xx % = nominal / comparable ( excluding currency translation and portfolio effects ) . Siemens Energy is a registered trademark licensed by Siemens AG . Page 1