Siemens Mobility Q3 Report 2023

Mobility again achieved a record-high quarterly order intake driven by large contract wins, among them recognition of a €2.5 billion order for the first line of a turnkey rail system in Egypt; a €2.1 billion order for suburban trains in Germany; a €0.6 billion order for intercity trains and service in the U.S.; and a €0.5 billion service
contract for rail vehicles in the U.K.

Comparable revenue grew in all businesses as conversion of the backlog increased due to improved availability of components; overall, nominal revenue development was held back by a negative six percentage points in portfolio effects related to Yunex Traffic, which was sold at the end of Q3 FY 2022

Profit and profitability rose supported by higher revenue; profit in Q3 FY 2022 benefited from a €739 million gain from the sale of Yunex Traffic, partly offset by impairments and other charges of €89 million for winding down business activities in Russia