Internet Explorer, Chrome Browser, Firefox Browser, Safari Browser
News12 November 2020Siemens AGSiemens Korea, Seoul
[Global News] Excellent performance in remarkable times
Order intake was close to the prior-year level,
burdened by currency translation effects. Mobility showed double-digit growth
due to a higher volume from large orders and Siemens Healthineers recorded
moderate increase, which was more than offset by declines in the other
industrial businesses. Revenue development held back by currency headwinds and
impacts related to COVID-19. All four industrial businesses declined.
"The Siemens team delivered a strong finish to a remarkable year. While shaping the structure of the new Siemens, our industrial and earnings performance in the quarter was up year over year," said Joe Kaeser, President and Chief Executive Officer of Siemens AG. "After the Energy spin-off and the Flender disposal, Siemens is very well positioned to lead the industrial transformation going forward."
"The Siemens team delivered a strong finish to a remarkable year. While shaping the structure of the new Siemens, our industrial and earnings performance in the quarter was up year over year," said Joe Kaeser, President and Chief Executive Officer of Siemens AG. "After the Energy spin-off and the Flender disposal, Siemens is very well positioned to lead the industrial transformation going forward."
Financial Highlights Fiscal 2020:
- Orders of €60.0 billion and revenue of €57.1 billion, for a book-to-bill ratio of 1.05
- These figures represent declines of 7% and 2%, respectively, compared to the prior year, on both a nominal and a comparable basis, excluding currency translation and portfolio effects
- Adjusted EBITA Industrial Businesses of €7.6 billion, 3% below the prior-year level; Adjusted EBITA margin of 14.3% included a positive €0.8 billion effect from the stake in Bentley Systems, Inc., which contributed 1.5 percentage points to the margin, partly offset by severance charges of €0.5 billion which took 0.9 percentage points; results outside Industrial Businesses impacted by a €0.5 billion impairment of an equity investment
- Net income declined to €4.2 billion, including a loss of €0.1 billion within discontinued operations compared to income from discontinued operations of €0.5 billion in the prior year, resulting in basic earnings per share (EPS) from net income of €5.00
- Despite less favorable conditions for cash collection, Free cash flow rose clearly to €6.4 billion, reaching the highest level in the past decade
- With the spin-off of the energy business, Siemens allocated 55.0% of its ownership interest in Siemens Energy AG to its shareholders, a further 9.9% were transferred to Siemens Pension-Trust e.V and the remaining 35.1% of shares are held by Siemens and reported within Reconciliation to Consolidated Financial Statements as Siemens Energy Investment
- After the successful spin-off of Siemens Energy, Siemens proposes a dividend of €3.50 per share, consisting of €3.00 at the upper end of our targeted dividend payout ratio, supplemented by an additional €0.50
Further Information
Follow us on Facebook
Contact
Siemens Korea
Poongsan Building
23, Chungjeong-ro
Seodaemun-gu
03737 Seoul
Korea
23, Chungjeong-ro
Seodaemun-gu
03737 Seoul
Korea
+82 (2) 3450 7000