Siemens said its transport division, including rail service and maintenance, was particularly hard hit.
The group said it had begun the wind-down of “all industrial business activities” in Russia.
As Siemens has been active in the market for nearly 170 years, “this was not an easy decision,” said chief executive Roland Busch.
Siemens had already halted its business in Russia at the beginning of March, following the start of the war.
Despite the conflict and the lingering impact of the coronavirus pandemic, the group said revenues increased to 17 billion euros from 14.7 billion euros in the same quarter last year.
Siemens’s “ongoing mitigation of supply chain challenges allow us to look confidently into the second half of our fiscal year,” said chief financial officer Ralf Thomas.
The Munich-based conglomerate confirmed its full-year outlook, targeting growth in revenue of between six and eight percent.
The projection was based on the expectation that disruptions from the coronavirus and strained supply chains “will not worsen”, it said.
