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Press Release08 November 2012Siemens AGBerlin, Germany
Earnings Release Q4 FY 2012: Strong Close to Fiscal 2012
"A strong fourth quarter enabled us to fulfill our expectations for fiscal 2012 and achieve one of our best years ever. Even so, we didn't fully succeed in significantly boosting our performance vis-à-vis competitors, as we did in recent years. To get back to reaching our own goals, we've launched "Siemens 2014," a company-wide program aimed at raising our Total Sectors profit margin to at least 12 percent. We know what we have to do – and we're doing it."
"A strong fourth quarter enabled us to fulfill our expectations for fiscal 2012 and achieve one of our best years ever. Even so, we didn't fully succeed in significantly boosting our performance vis-à-vis competitors, as we did in recent years. To get back to reaching our own goals, we've launched "Siemens 2014," a company-wide program aimed at raising our Total Sectors profit margin to at least 12 percent. We know what we have to do – and we're doing it."
Peter Löscher, President and Chief Executive Officer of Siemens AG
Financial Highlights:
Revenue for the fourth quarter rose 7% year-over-year, to €21.703 billion, and orders rose 2% to €21.495 billion. On a comparable basis, excluding currency translation and portfolio effects, revenue was up 1% and orders declined 4%.
Total Sectors profit was €2.119 billion, held back by substantial profit impacts in the Energy Sector.
Income from continuing operations was €1.479 billion and corresponding basic EPS was €1.63.
An outstanding fourth-quarter cash performance in the Sectors lifted Free cash flow from continuing operations to €4.343 billion, well above last year's strong closing quarter.
For fiscal 2012, revenue rose 7% year-over-year, to €78.296 billion, while orders came in 10% lower, at €76.913 billion, due to a significantly lower volume from large orders compared to the prior year. Total Sectors Profit was €7.543 billion and income from continuing operations was €5.184 billion. Siemens proposes a dividend of €3.00 per share, unchanged from fiscal 2011.
Please read the complete Earnings Release in the attached PDF: Earnings Release