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Press Release04 May 2017Siemens AGMunich

Earnings Release and Financial Results Q2 FY 2017: Another strong quarter – profitable growth continuing

Revenue rose 6% compared to Q2 FY 2016, to €20.2 billion, including a strong performance by short-cycle businesses, and orders were €22.6 billion, up 2% despite a high basis of comparison including orders totaling €3.1 billion in Q2 FY 2016 in Egypt; the book-to-bill ratio was 1.12
On a comparable basis, excluding currency translation and portfolio effects, revenue rose 5% and orders increased 1%
Strong margin expansion in nearly all industrial businesses due to strong operational execution, and a €138 million positive effect from pension plan amendments, took Industrial Business profit margin up to 12.1%
Industrial Business profit climbed 18% year-over-year, to €2.5 billion
Net income was level at €1.5 billion, despite a higher income tax rate and a lower contribution to net income from discontinued operations; basic earnings per share (EPS) of €1.79 compared to €1.78 in Q2 FY 2016
At the end of Q2 FY 2017, Siemens acquired all shares of Mentor Graphics Corporation (Mentor Graphics) and, at the beginning of Q3 FY 2017, closed the merger of Siemens' wind power business with Gamesa Corporación Tecnológica S.A. (Gamesa)

"We delivered another strong team performance and continue to outperform the markets. In the second half of the fiscal year, we will focus on duly integrating Mentor Graphics and on a successful start of Siemens Gamesa Renewable Energy, while keeping a close eye on our operational performance. And there is more work to do."

Revenue rose 6% compared to Q2 FY 2016, to €20.2 billion, including a strong performance by short-cycle businesses, and orders were €22.6 billion, up 2% despite a high basis of comparison including orders totaling €3.1 billion in Q2 FY 2016 in Egypt; the book-to-bill ratio was 1.12
On a comparable basis, excluding currency translation and portfolio effects, revenue rose 5% and orders increased 1%
Strong margin expansion in nearly all industrial businesses due to strong operational execution, and a €138 million positive effect from pension plan amendments, took Industrial Business profit margin up to 12.1%
Industrial Business profit climbed 18% year-over-year, to €2.5 billion
Net income was level at €1.5 billion, despite a higher income tax rate and a lower contribution to net income from discontinued operations; basic earnings per share (EPS) of €1.79 compared to €1.78 in Q2 FY 2016
At the end of Q2 FY 2017, Siemens acquired all shares of Mentor Graphics Corporation (Mentor Graphics) and, at the beginning of Q3 FY 2017, closed the merger of Siemens' wind power business with Gamesa Corporación Tecnológica S.A. (Gamesa)

Joe Kaeser, President and Chief Executive Officer of Siemens AG

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 Q2 FY 2017

Event: Second Quarter Results FY 2017

Press Event

Second Quarter Results FY 2017

Contact

Alexander Becker

Siemens AG

Wittelsbacherplatz 2
80333 Munich
Germany

+49 (89) 636-36558

becker.alexander@siemens.com

Wolfram Trost

Siemens AG

Wittelsbacherplatz 2
80333 Munich
Germany

+49 (89) 636-34794

wolfram.trost@siemens.com

Earnings Release and Financial Results Q2 FY 2017: Another strong quarter – profitable growth continuing

For this press release

Press Event

Contact

Alexander Becker

Wolfram Trost

Contact Siemens

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