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[Global News] Excellent results across all businesses - Guidance raised again

Strong order intake on a comparable basis, driven by double-digit growth in Siemens Healthineers and Smart Infrastructure. Revenue grew in all four industrial businesses on a comparable basis, led by double-digit growth in Digital Industries and Siemens Healthineers. "As our order intake and revenue in the second quarter impressively demonstrate, our customers place great trust in us. We support them with their digital transformation, which enables them to become faster, more efficient and more sustainable." said Roland Busch, President and Chief Executive Officer of Siemens AG.

Financial Highlights:

  • Orders climbed 11% on a comparable basis, excluding currency translation and portfolio effects, and revenue rose 9%
  • On a nominal basis, orders increased 8% to €15.9 billion, driven by double-digit growth in Siemens Healthineers, and revenue rose 6%, to €14.7 billion, on growth in all industrial businesses; the book-to-bill ratio was 1.08
  • Adjusted EBITA Industrial Businesses was €2.1 billion, a 31% increase on strong performances in all Industrial Businesses, resulting in Adjusted EBITA margin Industrial Businesses of 15.1%
  • Net income and basic earnings per share (EPS) were sharply higher, at €2.4 billion and €2.82, respectively, on higher Adjusted EBITA Industrial Businesses, a €0.9 billion gain on the sale of Flender GmbH (Flender) within discontinued operations, and favorable effects outside Industrial Businesses; in Q2 FY 2020 net income of €0.7 billion and basic EPS of €0.80 included a loss of €0.3 billion from discontinued operations
  • Excellent Free cash flow from continuing and discontinued operations of €1.2 billion (Q2 FY 2020: €0.1 billion), including increases in all industrial businesses

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