We released our financial figures for the fourth quarter and fiscal year 2015 on November 12, 2015. The press conference was broadcast live.
- Guidance for fiscal 2015 met
- Ambitious outlook for 2016
- Substantial growth in orders expected despite weakening global economy
- Moderate revenue increase also anticipated
- Managing and Supervisory Boards propose dividend increase to €3.50
- New share buyback program of up to €3 billion over up to 36 months
- €200 million additional in employee profit sharing
Siemens has met its guidance for fiscal 2015 as planned and announced an ambitious outlook for fiscal 2016. In fiscal 2015, orders climbed six percent to €82.3 billion. Revenue was also up six percent to €75.6 billion. Excluding currency translation and portfolio effects, orders and revenue were both down one percent, roughly at the prior-year level. The book-to-bill ratio was 1.09. The profit margin for the Industrial Business was 10.1 percent. Net income totaled €7.4 billion (fiscal 2014: €5.5 billion). At €8.84, basic earnings per share were 39 percent above the prior-year figure. For fiscal 2015, Siemens had anticipated revenue on an organic basis at the prior-year level and a book-to-bill ratio of over one. An increase in basic earnings per share of at least 15 percent above the prior-year value of €6.37 had been forecast. The profit margin for the Industrial Business had been expected to be 10 percent to 11 percent.
- Fourth-quarter orders up 15% year-over-year, at €23.7 billion, and revenue 4% higher at €21.3 billion, for a book-to-bill ratio of 1.11
- Volume development includes strong currency translation tailwinds; excluding currency translation and portfolio effects, orders up 6% and revenue down 4%
- Industrial Business profit up 9%, at €2.5 billion; strong improvements in Energy Management, Wind Power and Renewables, Healthcare and Mobility, more than offset substantial declines in Power and Gas and Process Industries and Drives
- Net income lower, at €1.0 billion, due mainly to Centrally managed portfolio activities; basic earnings per share (EPS) of €1.18 compared to €1.72 in Q4 FY 2014
- Free cash flow from continuing and discontinued operations of €4.4 billion, above the high level in the fourth quarter a year ago
"We delivered what we promised, and are well positioned to deliver on our plans for the year ahead."
Sabine Reichel has been appointed head of Siemens Investor Relations, effective December 1, 2015. In this capacity, she will succeed Mariel von Schumann, who is currently responsible for the company's investor relations activities in addition to heading Governance & Markets. Siemens Investor Relations will continue to be part of Governance & Markets.
- For the first time, maximum number of points in the Carbon Disclosure Project (CDP)
- CDP praises Siemens for high transparency of its environmental reporting
- Signal for COP 21: Business must take the lead in climate protection
For the first time, Siemens has achieved the highest possible score in the Carbon Disclosure Project (CDP), the world’s largest climate-protection survey. For the transparency of its reporting on the opportunities and risks associated with climate change, the company received 100 (2014: 99) out of 100 possible points. In addition, Siemens’ efforts to achieve energy efficiency and cut CO2 emissions enabled the company to reach Band A, the highest performance range. As a result, the company is also included in the Carbon Performance Leadership Index.
- Construction nearly complete by turn of the year
- Opening ceremony of new headquarters in summer of 2016
- Lighthouse project for Siemens Real Estate
Construction of the new Siemens headquarters building at Wittelsbacherplatz in Munich is now virtually complete. When it opens its doors in 2016, the building will provide a modern, inspiring work environment for up to 1,200 employees on roughly 45,000 square meters of above-ground floor space. Environmental friendliness and energy efficiency are playing a key role: the new building will meet the world's highest sustainability standards.
- Percentage of women at top two management levels to be increased
- Percentage of women on Siemens' Managing Board – currently two of seven members – to be at least maintained
- Quota of 30 percent women on the Supervisory Board already fulfilled
Siemens AG intends to further increase the percentage of women in its top management positions. For both of the company's top two management levels in Germany, the share is to be raised to 10 percent by the end of June 2017. For the company's Managing Board, the Siemens Supervisory Board has set the target of at least maintaining the status quo until June 30, 2017. Two women – Lisa Davis and Janina Kugel – are currently members of the seven-member Managing Board. With six female members – Bettina Haller, Nicola Leibinger-Kammüller, Güler Sabancı, Birgit Steinborn, Nathalie von Siemens and Sibylle Wankel – the Supervisory Board of Siemens AG already fulfills the statutory gender quota of 30 percent women.
- Company provides practical support and donations totaling around €2 million
- Paid leave of up to five days a year for voluntary helpers with certain qualifications
- Internships to be offered at additional locations
- Establishment of special classes for refugees planned
- Further facilities to be made available for enabling municipalities to provide accommodations to refugees
Together with its employees, Siemens is launching a multi-stage, long-term program for integrating refugees in Germany. For this purpose, the company is quickly providing donations worth a total of €1 million. This will be supplemented by practical support worth an equivalent amount.
- CO2 emissions to be cut 50 percent as early as 2020
- €100 million investment in improving energy efficiency
- Annual savings of €20 million expected
Siemens aims to be the world's first major industrial company to achieve a net-zero carbon footprint by 2030. The company plans to cut its carbon dioxide (CO2) emissions – which currently total about 2.2 million metric tons a year – in half by as early as 2020. To achieve these goals, Siemens will invest some €100 million over the next three years in order to reduce the energy footprint of its production facilities and buildings.
- 10,661 of 12,000 outstanding warrants will be furnished with option rights exclusively relating to Siemens shares
- The transaction will result in additional option rights relating to roughly 960,000 Siemens shares
Siemens has accepted the exchange offers submitted by institutional investors of bonds with warrants issued in 2012. The exchange offer started on August 26, 2015, and expired on September 11, 2015. In total, Siemens has accepted for exchange 5,236 warrants of the 2019 tranche and 5,425 warrants of the 2017 tranche. The financial result of the exchange is a replacement of option rights relating to Osram shares incorporated in these warrants with option rights to additional Siemens shares. Each new warrant gives a holder the right to subscribe to 1,902.0024 Siemens shares against payment of the exercise price of €187,842.81. This corresponds to an additional 90.0675 Siemens shares per warrant. The old warrants submitted for exchange will be cancelled.