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Earnings Release Q4 FY 2013: Solid Close to Fiscal 2013
Orders and revenue for the fourth quarter came in 1% lower year-over-year, at €21.011 billion and €21.168 billion, respectively. On an organic basis, excluding currency translation and portfolio effects, orders and revenue both rose 3%.
Total Sectors Profit declined to €1.609 billion, due mainly to €688 million in charges for the "Siemens 2014" program. The prior-year period also included substantial burdens on Total Sectors Profit.
Income from continuing operations for the quarter was €1.075 billion and basic EPS was €1.20.
Free cash flow from continuing operations was €4.357 billion, above the high level in the fourth quarter a year earlier.
For fiscal 2013, orders rose 8% year-over-year, to €82.351 billion, due to a higher volume from large orders compared to the prior year, while revenue came in 2% lower, at €75.882 billion. Total Sectors Profit was €5.788 billion, including €1.276 billion in charges related to "Siemens 2014." Income from continuing operations was €4.212 billion. Siemens proposes a dividend of €3.00 per share, unchanged from fiscal 2012.
"With a solid fourth quarter, we completed an eventful year in fiscal 2013. Now we're looking ahead and concentrating on measures aimed at improving our profitability, which we are implementing rigorously and prudently. With realignment of the regions, we've made the first strategic moves."
Orders and revenue for the fourth quarter came in 1% lower year-over-year, at €21.011 billion and €21.168 billion, respectively. On an organic basis, excluding currency translation and portfolio effects, orders and revenue both rose 3%.
Total Sectors Profit declined to €1.609 billion, due mainly to €688 million in charges for the "Siemens 2014" program. The prior-year period also included substantial burdens on Total Sectors Profit.
Income from continuing operations for the quarter was €1.075 billion and basic EPS was €1.20.
Free cash flow from continuing operations was €4.357 billion, above the high level in the fourth quarter a year earlier.
For fiscal 2013, orders rose 8% year-over-year, to €82.351 billion, due to a higher volume from large orders compared to the prior year, while revenue came in 2% lower, at €75.882 billion. Total Sectors Profit was €5.788 billion, including €1.276 billion in charges related to "Siemens 2014." Income from continuing operations was €4.212 billion. Siemens proposes a dividend of €3.00 per share, unchanged from fiscal 2012.
"With a solid fourth quarter, we completed an eventful year in fiscal 2013. Now we're looking ahead and concentrating on measures aimed at improving our profitability, which we are implementing rigorously and prudently. With realignment of the regions, we've made the first strategic moves."
Joe Kaeser, President and Chief Executive Officer of Siemens AG
* Effective during the fourth quarter of fiscal 2013, Siemens’ Water Technologies Business Unit was classified as discontinued operations. Prior-period results are presented on a comparable basis.
Please read the complete Earnings Release in the attached PDF: Earnings Release