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News16 November 2023Siemens AGSiemens Korea, Seoul
[Global News] Powerful finish to record fiscal year
Siemens once
again achieved a strong order intake which included a higher volume from large
orders in Mobility, combined with growth in Siemens Healthineers and Smart
Infrastructure despite a slight decline in orders for short-cycle automation
businesses at Digital Industries. Record-high revenues were reached in
all industrial businesses, led by highest growth contribution from Smart
Infrastructure. In addition, Profit Industrial Business rose to its highest
quarterly level ever on significant increases at Digital Industries and Smart
Infrastructure, which also both achieved their highest-ever quarterly profits.
“Fiscal 2023 was a year
of multiple records: In our Industrial Business, profit and profit margin
reached their highest levels ever, and we nearly doubled our net income to a
historic high. I would like to thank all our colleagues around the world for
their tremendous contribution to these outstanding results. Our strategy is
paying off, and we continue to accelerate the digital and sustainability
transformations of our customers,” said Roland Busch,
President and Chief Executive Officer of Siemens AG.
Financial Highlights:
- Revenue rose 10% and orders grew 6% in the fourth quarter on a comparable basis, excluding currency translation and portfolio effects
- On a nominal basis, revenue was up 4%, at €21.4 billion, on record-high revenues in all industrial businesses, while orders came in level with the prior-year period, at €21.8 billion, for a book-to-bill ratio of 1.02
- Profit Industrial Business increased 7%, to €3.4 billion, the highest quarterly level ever; the profit margin was 16.5%
- Net income was €1.9 billion; for comparison, net income of €2.9 billion in Q4 FY 2022 benefited from a €1.1 billion pretax gain on the sale of the mail and parcel-handling business; corresponding basic earnings per share (EPS) were €2.17 and EPS before purchase price allocation accounting (EPS pre PPA) were €2.34
- Another excellent performance in cash generation resulted in €4.6 billion of Free cash flow for the Siemens Group
- In a historic operating performance for the full fiscal year, comparable revenue grew 11%, reaching the upper end of our raised guidance, and comparable orders increased 7%; on a nominal basis, revenue increased 8%, to €77.8 billion, and orders were up 4%, at €92.3 billion, for a book-to-bill-ratio of 1.19
- Fiscal 2023 Profit Industrial Business grew 11% year-over-year to a record-high €11.4 billion; net income nearly doubled to a historic high of €8.5 billion, corresponding basic EPS more than doubled to €10.04, and EPS pre PPA reached €10.77; we thus exceeded our guidance with EPS pre PPA of €9.93 excluding Siemens Energy Investment, which contributed €0.84 to EPS pre PPA; Free cash flow for the Siemens Group reached a record high of €10.0 billion
- Siemens proposes to increase the dividend from €4.25 a year earlier to €4.70 per share
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Siemens Korea
D-Tower17, Jong-ro 3-gil, Jongno-gu
Seoul 03155
Republic of Korea
Seoul 03155
Republic of Korea
+82 (2) 3450 7000