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Press Event,
updated27 January 2015Siemens AGMunich
First Quarter Results FY 2015
Munich, 27 January 2015
Save the date2015-01-27T00:00:00Europe/Parisuse-titleFirst Quarter Results FY 2015First-quarter revenue up 5% to €17.415 billion; on a comparable basis, excluding currency translation and portfolio effects, revenue up 3%Orders of €18.013 billion for a book-to-bill ratio of 1.03; 11% decline compared to Q1 FY 2014, which included a €1.6 billion order in Saudi ArabiaIndustrial Business profit of €1.819 billion 4% lower due mainly to Power and Gas as expected; Industrial Business profit margin within the expected rangeIncome from continuing operations of €1.106 billion burdened outside the Industrial Business; furthermore negative swing within discontinued operations affects Net income which was €1.095 billion, with basic earnings per share (EPS) of €1.30Strong contribution to Free cash flow from Industrial BusinessDuring the first quarter, Siemens classified the hearing aid business as discontinued operations; prior-period results are presented on a comparable basisPortfolio milestones include closing the acquisition of the Rolls-Royce Energy aero-derivative gas turbine and compressor business in the first quarter; followed, in January 2015, by closing the divestment of the hearing aid business (expected pretax gain: approximately €1.6 billion), closing the divestment of Siemens' stake in BSH Bosch und Siemens Hausgeräte GmbH (BSH) (expected pretax gain: approximately €1.4 billion), and completing the contribution of the metals technologies business into a joint venture; furthermore, we expect a profit impact due to a funding commitment of €0.3 billion related to Unify Holdings B.V. in the second quarterMunich
We released our first quarter results for fiscal 2015 on January 27, 2015. The press conference was broadcast live.
Save the date2015-01-27T00:00:00Europe/Parisuse-titleFirst Quarter Results FY 2015First-quarter revenue up 5% to €17.415 billion; on a comparable basis, excluding currency translation and portfolio effects, revenue up 3%Orders of €18.013 billion for a book-to-bill ratio of 1.03; 11% decline compared to Q1 FY 2014, which included a €1.6 billion order in Saudi ArabiaIndustrial Business profit of €1.819 billion 4% lower due mainly to Power and Gas as expected; Industrial Business profit margin within the expected rangeIncome from continuing operations of €1.106 billion burdened outside the Industrial Business; furthermore negative swing within discontinued operations affects Net income which was €1.095 billion, with basic earnings per share (EPS) of €1.30Strong contribution to Free cash flow from Industrial BusinessDuring the first quarter, Siemens classified the hearing aid business as discontinued operations; prior-period results are presented on a comparable basisPortfolio milestones include closing the acquisition of the Rolls-Royce Energy aero-derivative gas turbine and compressor business in the first quarter; followed, in January 2015, by closing the divestment of the hearing aid business (expected pretax gain: approximately €1.6 billion), closing the divestment of Siemens' stake in BSH Bosch und Siemens Hausgeräte GmbH (BSH) (expected pretax gain: approximately €1.4 billion), and completing the contribution of the metals technologies business into a joint venture; furthermore, we expect a profit impact due to a funding commitment of €0.3 billion related to Unify Holdings B.V. in the second quarterMunich
We released our first quarter results for fiscal 2015 on January 27, 2015. The press conference was broadcast live.
First Quarter Results Fiscal Year 2015 of Siemens AG
"The performance of most of our businesses was within our expectations. Some Divisions provided excellent performance," said Joe Kaeser, President and Chief Executive Officer of Siemens AG. Siemens press conference for the first quarter of 2015 in the Olympiahalle, Munich, Germany: Joe Kaeser, President and Chief Executive Officer of Siemens AG.
First Quarter Results Fiscal Year 2015 of Siemens AG
"The performance of most of our businesses was within our expectations. Some Divisions provided excellent performance," said Joe Kaeser, President and Chief Executive Officer of Siemens AG. Siemens press conference for the first quarter of 2015 in the Olympiahalle, Munich, Germany: Joe Kaeser, President and Chief Executive Officer of Siemens AG.
First Quarter Results Fiscal Year 2015 of Siemens AG
"The performance of most of our businesses was within our expectations. Some Divisions provided excellent performance," said Joe Kaeser, President and Chief Executive Officer of Siemens AG. Siemens press conference for the first quarter of 2015 in the Olympiahalle, Munich, Germany: Dr. Ralf P. Thomas, Member of the Managing Board and Head of Finance and Controlling.
First Quarter Results Fiscal Year 2015 of Siemens AG
"The performance of most of our businesses was within our expectations. Some Divisions provided excellent performance," said Joe Kaeser, President and Chief Executive Officer of Siemens AG. Siemens press conference for the first quarter of 2015 in the Olympiahalle, Munich, Germany (from left to right): Dr. Ralf P. Thomas, Member of the Managing Board and Head of Finance and Controlling and Joe Kaeser, President and Chief Executive Officer of Siemens AG.
First Quarter Results Fiscal Year 2015 of Siemens AG
"The performance of most of our businesses was within our expectations. Some Divisions provided excellent performance," said Joe Kaeser, President and Chief Executive Officer of Siemens AG. Siemens press conference for the first quarter of 2015 in the Olympiahalle, Munich, Germany (from left to right): Dr. Ralf P. Thomas, Member of the Managing Board and Head of Finance and Controlling and Joe Kaeser, President and Chief Executive Officer of Siemens AG.
First Quarter Results Fiscal Year 2015 of Siemens AG
"The performance of most of our businesses was within our expectations. Some Divisions provided excellent performance," said Joe Kaeser, President and Chief Executive Officer of Siemens AG. Siemens press conference for the first quarter of 2015 in the Olympiahalle, Munich, Germany (from left to right): Dr. Ralf P. Thomas, Member of the Managing Board and Head of Finance and Controlling, Joe Kaeser, President and Chief Executive Officer of Siemens AG and Stephan Heimbach, Head of Communications and Government Affairs, Siemens AG.