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News09 May 2019Siemens AGSiemens Korea, Seoul
[Global News] Successful first half sets up strong fiscal year
Mobility recorded higher volume from large orders while Siemens Healthineers, Energy Management and Building Technologies showed clear growth as well. Orders slightly decreased in Siemens Gamesa Renewable Energy, but the offshore and service businesses boosted up the revenue for about 7%. "We delivered on our promises again this quarter, and even exceeded expectations in many areas. Now, we enter into a new era to become an even stronger and more focused Siemens." said Joe Kaeser, President and Chief Executive Officer of Siemens AG.
Financial Highlights:
- Orders grew 6%, to €23.6 billion, and revenue rose 4%, to €20.9 billion, for a book-to-bill ratio of 1.13 and record high order backlog of €142 billion
- On a comparable basis, excluding currency translation and portfolio effects, orders increased 4% and revenue was up 2% compared to Q2 FY 2018
- Adjusted EBITA for Industrial Business climbed 7% to €2.4 billion, with most businesses increasing their performance; Industrial Business Adjusted EBITA margin reached 11.4%, even with severance charges taking 0.3 percentage points
- Net income reached €1.9 billion, near the prior-year level which benefited substantially from a €0.7 billion adjusted EBITA from Centrally managed portfolio activities; the current period benefited from a lower income tax rate, and basic EPS of €2.24 was burdened by €0.08 from severance charges
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Korea
23, Chungjeong-ro
Seodaemun-gu
03737 Seoul
Korea
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