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Press Release06 November 2014Siemens AGBerlin
Siemens achieves guidance for fiscal 2014
Siemens believes that its business environment will be complex in fiscal 2015, among other things due to geopolitical tensions. The company expects revenue on an organic basis to remain flat year-over-year, and orders to exceed revenue for a book-to-bill ratio above 1. Furthermore, Siemens expects that gains from divestments will enable the company to increase basic earnings per share (EPS) from net income by at least 15% from €6.37 in fiscal 2014. For its Industrial Business, the company expects a profit margin* of 10–11%. This outlook excludes impacts from legal and regulatory matters.
For fiscal 2014, orders reached €78.4 billion and revenue totaled €71.9 billion. On an organic basis, excluding portfolio and currency translation effects, orders as well as revenue rose one percent compared to the prior year. The order backlog was €100 billion at the end of the fiscal year.
Total Sectors profit was €7.3 billion compared to €5.8 billion for the previous year. Net income climbed to €5.5 billion from €4.4 billion a year earlier, due primarily to higher Total Sectors profit. Basic earnings per share were €6.37, compared to €5.08 for the prior year.
In the Energy Sector, organic orders rose four percent. Revenue declined three percent. Profit was roughly €1.6 billion, below the prior-year total of around €2 billion. The Industry Sector posted a five-percent increase in organic orders and a four-percent rise in revenue. Industry delivered the biggest contribution, €2.3 billion, to Total Sectors profit.
In the Infrastructure & Cities Sector, organic orders declined four percent. Revenue grew six percent. Profit was approximately €1.5 billion, substantially higher than the prior-year level of just under €300 million. Organic orders for the Healthcare Sector grew three percent and revenue increased two percent. Profit was around €2 billion, matching the high level reached in the previous year.
Based on the results of fiscal 2014, the Supervisory Board and Managing Board will propose a dividend of €3.30 per share for approval at the Annual Shareholders' Meeting in January 2015. For the future, Siemens is aiming at a dividend payout of 40 to 60 percent of the net income.
* Effective with fiscal 2015, our enhanced profit definition excludes amortization of intangible assets acquired in business combinations.
Further information is available at: www.siemens.com/pressconference
Further information is available at: www.siemens.com/pressconference
For this press release
Update
This press release was updated on 06.11.2014 at 12:45 PM CET.
Siemens AG (Berlin and Munich) is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for more than 165 years. The company is active in more than 200 countries, focusing on the areas of electrification, automation and digitalization. One of the world's largest producers of energy-efficient, resource-saving technologies, Siemens is No. 1 in offshore wind turbine construction, a leading supplier of combined cycle turbines for power generation, a major provider of power transmission solutions and a pioneer in infrastructure solutions as well as automation, drive and software solutions for industry. The company is also a leading provider of medical imaging equipment – such as computed tomography and magnetic resonance imaging systems – and a leader in laboratory diagnostics as well as clinical IT. In fiscal 2014, which ended on September 30, 2014, Siemens generated revenue from continuing operations of €71.9 billion and net income of €5.5 billion. At the end of September 2014, the company had around 357,000 employees worldwide. Further information is available on the Internet at http://www.siemens.com.
Contact
Alexander Becker
Siemens AG
Wittelsbacherplatz 2
80333 Munich
Germany
80333 Munich
Germany
+49 (89) 636-36558