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News10 May 2018Siemens AGSiemens Korea, Seoul
[Global News] Investments in digital industry making an impact
Also, the revenue increased sharply at SGRE(Siemens Gamesa Renewable Energy) due to the merger and Mobility surpassed the high profitability it achieved in Q2 FY 2017. However, Power and Gas continues to face substantial revenue decline in contracting markets, where market forces drove a €325 million reduction in profit year-over-year. Nevertheless, the orders remained strong at €22.3 billion, 2% below the high basis of comparison a year earlier. “Most of our businesses, primarily our digital offerings, showed impressive performance and operationally more than offset structural challenges in fossil power generation. By raising our guidance, we demonstrate our commitment to the company’s capability to master structural change and shape digital industry”, said Joe Kaeser, President and CEO of Siemens AG.
Financial Highlights:
- Revenue was €20.1 billion, nearly unchanged from Q2 FY 2017, and orders were also strong at €22.3 billion, 2% below the high basis of comparison a year earlier which included a substantially higher volume from large orders; the book-to-bill ratio was 1.11
- Excluding currency translation and portfolio effects, revenue was level and orders declined by 1%
- Industrial Business profit of €2.3 billion and Industrial Business profit margin of 11.0%
- Net income of €2.0 billion, basic earnings per share (EPS) increased to €2.39, up from €1.75 in Q2 FY 2017
- The successful initial public offering (IPO) of Siemens Healthineers AG included the float of a 15% interest in the business
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Siemens Korea
Poongsan Building
23, Chungjeong-ro
Seodaemun-gu
03737 Seoul
Korea
23, Chungjeong-ro
Seodaemun-gu
03737 Seoul
Korea
+82 (2) 3450 7000