Siemens AG reported first-quarter FY22 revenue growth of 17 percent year-on-year to €16.5 billion. Orders rose 52 percent Y/Y to €24.2 billion. Orders increased 42 percent, and revenue rose 9 percent on a comparable basis. Profit Industrial Business increased 12 percent Y/Y, to €2.5 billion, and the corresponding profit margin came in at 15.7 percent (Q1 2021: 16.5 percent). The basic EPS was €2.05, and EPS before purchase price allocation accounting was €2.24. Siemens generated €1.1 billion in free cash flow. Dividend Siemens proposes to increase the dividend from €3.50 a year earlier to €4.00 per share. Outlook For FY22, Siemens sees mid-single-digit comparable revenue growth, net of currency translation, and portfolio effects, and a book-to-bill ratio above 1. Siemens sees basic EPS from net income before purchase price allocation accounting of €8.70 – €9.10. Asset Sale Siemens agreed to sell the post and parcel business of Siemens Logistics to Körber AG. Additionally, …