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News08 November 2018Siemens AGSiemens Korea, Seoul
[Global News] Guidance fully achieved again - another strong year
In addition, both SGRE(Siemens Gamesa Renewable Energy) and Digital Factory achieved significant revenue growth. However, the revenue decreased due to negative currency translation effects which took four percentage points from order and three percentage points from revenue growth. Nevertheless, the orders remained strong at €23.7 billion, slightly exceeding the high basis of comparison a year earlier. “We again delivered what we promised and fully reached our guidance which we raised at mid-year. This shows the strength of our global team which competed convincingly in both growth markets and difficult environments, and achieved another strong performance. In fiscal 2019 we will give our businesses even greater entrepreneurial freedom, and lay the foundation for execution of Vision 2020+,” said Joe Kaeser, President and Chief Executive Officer of Siemens AG.
Financial Highlights:
- Revenue reached €22.6 billion, up 2%, and orders of €23.7 billion slightly exceeded the high level of Q4 FY 2017, for a book-to-bill ratio of 1.05
- Revenue and order growth of 5 % on a comparable basis
- Industrial Business profit was up slightly at €2.1 billion despite a substantial negative swing at Power and Gas including €0.3 billion in severance charges
- Net income of €0.7 billion and basic EPS of €0.69, burdened by €0.5 billion in severance charges (pre-tax) and substantial income tax expenses related to carve-out activities at Mobility
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Siemens Korea
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23, Chungjeong-ro
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03737 Seoul
Korea
23, Chungjeong-ro
Seodaemun-gu
03737 Seoul
Korea
+82 (2) 3450 7000