- Large orders in Europe and the Americas drive third-quarter orders up 6% year-over-year, to €21.1 billion; revenue 5% higher at €19.8 billion, for a book-to-bill ratio of 1.06
- Excluding currency translation effects, orders rose 10% and revenue was 9% higher
- Industrial Business profit climbs 20% year-over-year, to €2.2 billion; significant margin expansion takes Industrial Business profit margin up to 10.8%
- Net income of €1.4 billion, level with the prior-year quarter which benefited from favorable interest rates within continuing operations and positive tax effects within discontinued operations; basic earnings per share (EPS) of €1.64 compared to €1.65 in Q3 FY 2015
"We are making good progress with execution of Vision 2020 and in the third quarter again achieved convincing results, particularly compared to the market. I am proud of my global team which delivered excellent performance, especially with regard to growth, in an increasingly difficult market environment."
- Major contract wins in Europe and Africa drive first-quarter orders up 27% year-over-year, at €22.8 billion; revenue 8% higher at €18.9 billion, for a book-to-bill ratio of 1.21
- Excluding currency translation effects, orders 22% higher and revenue up 4%
- Industrial Business profit climbs 10% year-over-year, to €2.0 billion, including margin expansion; strong increases in Healthcare, Energy Management and Mobility more than offset declines in Digital Factory, Process Industries and Drives and Wind Power and Renewables
- Net income of €1.6 billion, up 42% from the prior-year quarter which was burdened by factors outside the Industrial Business; basic earnings per share (EPS) of €1.89 compared to €1.30 in Q1 FY 2015
- We raise our previous expectation for basic EPS from net income in the range of €5.90 to €6.20 to the range of €6.00 to €6.40
"We delivered a strong quarter and are well underway in executing our Vision 2020. Therefore, we will raise our earnings outlook for 2016, even though the macroeconomic and geopolitical developments remain a concern for our markets. We continue to focus on addressing our structural challenges in the company and invest into further developing our markets and strengthening our innovation power."
- Third-quarter orders up 4% year-over-year, at €19.9 billion, including a €1.6 billion order in Mobility; excluding currency translation and portfolio effects, orders down 5%
- Revenue 8% higher at €18.8 billion, for a book-to-bill ratio of 1.05; revenue 3% lower on a comparable basis
- Industrial Business profit level, at €1.8 billion; strong improvements in Energy Management and Healthcare largely offset by a decline in Power and Gas
- Net income at €1.4 billion; basic earnings per share (EPS) increased to €1.65, up from €1.62 in Q3 FY 2014
- At the end of the quarter, the Power and Gas Division closed its acquisition of Dresser-Rand, substantially expanding its offerings for the oil and gas industry and distributed power generation
"Overall our businesses delivered solid underlying profitability despite a softening market environment. We expect to maintain our momentum with a strong closing quarter for fiscal 2015."
- Second-quarter orders up 16%, to €20.8 billion, including large orders in the rail business; on a comparable basis, excluding currency translation and portfolio effects, orders up 7%
- Revenue 8% higher at €18.0 billion, for a book-to-bill ratio of 1.15; revenue flat on a comparable basis
- Industrial Business profit 5% lower, at €1.7 billion, due largely to Power and Gas as expected
- Net income of €3.9 billion, including €1.6 billion, €1.4 billion and €0.2 billion, respectively, on the sale of the hearing aid business, Siemens' stake in BSH Bosch und Siemens Hausgeräte GmbH (BSH) and the hospital information business; resulting in basic earnings per share (EPS) of €4.70
"For business volume, we performed well in our markets. The profitability of our Industrial Business shows that we must still improve some businesses."
- First-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 Arabia
- Industrial Business profit of €1.819 billion 4% lower due mainly to Power and Gas as expected; Industrial Business profit margin within the expected range
- Income 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 €1.30
- Strong contribution to Free cash flow from Industrial Business
- During the first quarter, Siemens classified the hearing aid business as discontinued operations; prior-period results are presented on a comparable basis
- Portfolio 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 quarter
"The performance of most of our businesses was within our expectations. While some Divisions provided excellent performance, Healthcare needs to step up its efforts to quickly resume to its outstanding performance and Power and Gas will need a more comprehensive concept to return to historical margins longer turn."
S&P
Global Ratings announced today that it has upgraded its long-term issuer rating
on Siemens AG to AA- from A+, the outlook remaining stable. According to
S&P Global Ratings, “Siemens AG continues to
successfully transform its industrial portfolio by focusing on high margin
businesses that have leading market positions and benefit from secular trends
like digitalization and decarbonization, while also divesting its lower margin
or more volatile businesses.”For the past
15 years, the rating agency has maintained an A+ rating for Siemens AG.“The upgrade
in our rating underlines once again Siemens AG’s financial strength. We
are pleased that S&P Global Ratings has given fitting recognition
to our outstanding cash performance and strong operating results. Our AA- rating
puts us well ahead of our peers and is a pleasant privilege”, said Ralf P. Thomas,
Chief Financial Officer of Siemens AG.
- Hydrogen generation plant with electrical capacity of 8.75 megawatts opened in Wunsiedel
- Facility to generate 1,350 tons of hydrogen a year and cut CO2 emissions by about 13,500 tons
- Opening attended by Bavarian Minister-President Markus Söder and Siemens Managing Board member Matthias Rebellius
- Siemens is technology and financing partner
In Wunsiedel, Upper Franconia,
one of Germany’s largest green hydrogen generation plants has been planned
digitally and commissioned by Siemens, demonstrating the key role hydrogen can
play in Germany’s energy future.
Around
one year after the official groundbreaking ceremony, Bavaria’s Minister-President
Markus Söder, Siemens Managing Board member Matthias Rebellius and Siemens Financial
Services CEO Veronika Bienert handed over the plant to the operating company
WUN H2, represented by Managing Directors Thilo Rießner and Philipp Matthes.
- Siemens to integrate Amazon Bedrock into its Mendix low-code development platform to allow customers to create new and upgrade existing applications with the power of generative AI
- Access to Amazon Bedrock’s advanced generative AI technologies will help customers accelerate digitalization and tackle skilled labor shortages
- Mendix is an industry leader in low-code development with 50M end-users and more than 200,000 applications running on AWS across industrial, finance and other sectors
Siemens and Amazon Web
Services (AWS) are strengthening their partnership and making it easier for
businesses of all sizes and industries to build and scale generative artificial
intelligence (AI) applications. Domain experts in fields such as engineering
and manufacturing, as well as logistics, insurance or banking will be able to
create new and upgrade existing applications with the most advanced generative
AI technology. To make this possible, Siemens is integrating Amazon Bedrock - a
service that offers a choice of high-performing foundation models from leading
AI companies via a single API, along with security, privacy, and responsible AI
capabilities - with Mendix, the leading low-code platform that is part of the
Siemens Xcelerator portfolio.
- With key leadership decisions, Supervisory
Board demonstrates confidence in the strategy and trajectory of Siemens AG as a
leading technology company
- Announcement of five-year contract
extension for Roland Busch (59) as President and CEO, from April 1, 2025
- Intention confirmed to extend appointment
of Cedrik Neike (51), member of the Managing Board and CEO of Digital
Industries, for a further five years from June 1, 2025
The Supervisory Board of Siemens AG confirmed a five-year contract extension for President and Chief Executive
Officer Roland Busch from April 1, 2025. The move is a mark of support for the
strategy of Siemens as a leading technology company, with the current Managing
Board driving three years of record financial performance and the further
strategic development of the company.