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Press Release31 January 2018Siemens AGMunich

Earnings Release and Financial Results Q1 FY 2018: Strong order growth highlights successful first quarter

Orders rose 14% to €22.5 billion and revenue was up 3% at €19.8 €billion, including strong growth contributions from Mobility and Digital Factory and new business particularly resulting from the merger of Siemens' wind power business with Gamesa Corporación Tecnológica, S.A.
Book-to-bill ratio rose to reach 1.13, the highest ratio since booking of large Egypt orders in Q2 FY 2016
On a comparable basis, excluding currency translation and portfolio effects, orders increased 7% and revenue grew 1%
Industrial business profit at €2.2 billion, down 14% due mainly to a sharp decline in Power and Gas which more than offset excellent performance in the short-cycle businesses and Mobility; current quarter impacted by negative currency effects while Q1 FY 2017 benefited from a portfolio gain; Industrial business profit margin at 11.0%
Net income rose 12% to €2.2 billion; the current period included a largely tax-free gain from the sale of shares in OSRAM Licht AG and benefited from sharply lower income tax expenses due mainly to the revaluation of future tax positions following U.S. tax reform; basic earnings per share (EPS) increased to €2.68 from €2.41 in Q1 FY 2017

"The first quarter underlines the strength of our company. We take advantage of the growth momentum of the global economic upturn and set benchmarks in industrial digitalization. We clearly understand our opportunities and we know what we have to do."

Orders rose 14% to €22.5 billion and revenue was up 3% at €19.8 €billion, including strong growth contributions from Mobility and Digital Factory and new business particularly resulting from the merger of Siemens' wind power business with Gamesa Corporación Tecnológica, S.A.
Book-to-bill ratio rose to reach 1.13, the highest ratio since booking of large Egypt orders in Q2 FY 2016
On a comparable basis, excluding currency translation and portfolio effects, orders increased 7% and revenue grew 1%
Industrial business profit at €2.2 billion, down 14% due mainly to a sharp decline in Power and Gas which more than offset excellent performance in the short-cycle businesses and Mobility; current quarter impacted by negative currency effects while Q1 FY 2017 benefited from a portfolio gain; Industrial business profit margin at 11.0%
Net income rose 12% to €2.2 billion; the current period included a largely tax-free gain from the sale of shares in OSRAM Licht AG and benefited from sharply lower income tax expenses due mainly to the revaluation of future tax positions following U.S. tax reform; basic earnings per share (EPS) increased to €2.68 from €2.41 in Q1 FY 2017

Joe Kaeser, President and Chief Executive Officer of Siemens AG

Siemens adopted the accounting standard IFRS 15 (Revenue from Contracts with Customers) as of the beginning of fiscal 2018. Prior-period amounts are presented on a comparable basis.

Please read the complete Earnings Release and Financial Results in the attached PDF: Earnings Release and Financial Results

For this press release

Earnings Release and Financial Results Q1 FY 2018

Event: First Quarter Results FY 2018

Press Event

First Quarter Results FY 2018

Contact

Philipp Encz

Siemens AG

Werner-von-Siemens-Straße 1
80333 Munich
Germany

+49 (89) 636-32934

philipp.encz@siemens.com

Wolfram Trost

Siemens AG

Werner-von-Siemens-Straße 1
80333 Munich
Germany

+49 (89) 636-34794

wolfram.trost@siemens.com

Earnings Release and Financial Results Q1 FY 2018: Strong order growth highlights successful first quarter

For this press release

Press Event

Contact

Philipp Encz

Wolfram Trost

Contact Siemens

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