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Strong finish for fiscal 2015

"We delivered what we promised, and are well positioned to deliver on our plans for the year ahead," said Joe Kaeser, President and Chief Executive Officer of Siemens AG. For fiscal 2015, Siemens' Managing Board and Supervisory Board will propose that shareholders at the company's Annual Shareholders' Meeting in January 2016 approve a dividend of €3.50 (fiscal 2014: €3.30). Siemens also intends to repurchase shares with a volume of up to €3 billion within the next 36 months. This repurchase will be accomplished under the authorizations granted by the Annual Shareholders' Meeting on January 27, 2015. The repurchased shares will only be retired, issued to employees, the board members of affiliated companies or members of the Managing Board, or used to service convertible bonds or warrant bonds. "With the new planned share buyback program, we want to ensure that our shareholders continuously participate in our company's success," said Siemens CFO Ralf P. Thomas.
Employees will receive profit-sharing distributions totaling nearly €2.2 billion in cash and shares, plus €200 million that the company has approved for the Siemens Profit Sharing Pool. This new stock-based employee profit-sharing concept, which Siemens launched a year ago, enables employees to participate directly in the company's success. After particularly successful fiscal years, a part of the generated profit that is above expectations can be paid into the Profit Sharing Pool. If the pool reaches €400 million, all or part of the total will be distributed to employees worldwide, preferably as Siemens shares. "With an allocation of €200 million already in the first year, we've made a solid start," said Kaeser.
Siemens anticipates further softening in the macroeconomic environment and continuing complexity in the geopolitical environment in fiscal 2016. Nevertheless the company expects moderate revenue growth, net of effects from currency translation. Siemens anticipates that orders will materially exceed revenue for a book-to-bill ratio clearly above 1. For its Industrial Business, the company expects a profit margin of 10 percent to 11 percent. Furthermore, Siemens expects basic EPS from net income in the range of €5.90 to €6.20 as compared to €5.18, which it achieved in fiscal 2015 excluding €3.66 per share in portfolio gains from the divestments of the hearing aid business and the stake in BSH. As a result, EPS are expected to achieve double-digit growth of at least 14 percent on a comparable basis. This outlook assumes that momentum in the market environment for Siemens' high-margin short-cycle businesses will pick up in the second half of fiscal 2016. Additionally it excludes charges related to legal and regulatory matters.
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 gas and steam 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 2015, which ended on September 30, 2015, Siemens generated revenue of €75.6 billion and net income of €7.4 billion. At the end of September 2015, the company had around 348,000 employees worldwide. Further information is available on the Internet at
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Alexander Becker

Siemens AG

Wittelsbacherplatz 2
80333 Munich

+49 (89) 636-36558