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SIEMENS Munich , Germany , February 3 , 2021 Earnings Release Q1 FY 2021 October 1 to December 31 , 2020 Outstanding start to fiscal 2021 - Guidance raised >> Our team has delivered an outstanding performance in a rather complex environment . I am grateful to be able to hand over such a strong enterprise to the next generation of management , << said Joe Kaeser , President and Chief Executive Officer of Siemens AG . Orders surged 15 % on a comparable basis , excluding currency translation and portfolio effects , and revenue was up 7 % , with all industrial businesses contributing to growth On a nominal basis , orders climbed 11 % to € 15.9 billion , driven by higher volume from large orders in Mobility ; revenue rose 3 % , to € 14.1 billion ; the book - to - bill ratio was 1.13 Adjusted EBITA Industrial Businesses jumped 39 % to € 2.1 billion , including strong operating performances and sharply lower severance charges , resulting in Adjusted EBITA margin Industrial Businesses of 16.0 % Net income rose substantially to € 1.5 billion ; corresponding increase in basic earnings per share ( EPS ) to € 1.72 Strong Free cash flow from continuing and discontinued operations of € 1.0 billion ( Q1 FY 2020 : € 44 million ) During the quarter the businesses of Flender ( previously reported in Portfolio Companies ) were classified as held for disposal and discontinued operations ; prior - period amounts are presented on a comparable basis . siemens.com