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News05 August 2019Siemens AGSiemens Korea, Seoul
[Global News] Siemens continues to grow despite significant headwinds in key markets
Siemens Gamesa Renewable Energy, Siemens Healthineers and Siemens Mobility recorded sharp growth of 42%, 16% and 19% each, while there were 14% of significant decrease in Gas and Power. "Despite a significantly weaker environment in our key markets, we confirm our outlook for the year. As indicated already quite some time ago, geopolitics are harming an otherwise positive investment sentiment. A robust mobility sector and stringent project execution will help us make good on our promises for the year." said Joe Kaeser, President and Chief Executive Officer of Siemens AG.
Financial Highlights:
- Orders grew 8%, to €24.5 billion, and revenue rose 4%, to €21.3 billion, for a strong book-to-bill ratio of 1.15 and record high order backlog of €144 billion
- On a comparable basis, excluding currency translation and portfolio effects, orders increased 6% and revenue was up 2% compared to Q3 FY 2018
- Adjusted EBITA Industrial Businesses declined to €1.9 billion, due mainly to decreases in Digital Industries and Gas and Power; Industrial Businesses Adjusted EBITA margin was 9.6%, held back by severance charges which took 0.3 percentage points
- Net income of €1.1 billion included substantially better results outside Industrial Businesses compared to Q3 FY 2018; basic earnings per share (EPS) of €1.28 was burdened by severance charges amounting to €0.09
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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