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News08 November 2019Siemens AGSiemens Korea, Seoul

[Global News] Siemens delivers strong Q4, fiscal-year guidance fully achieved in all respects

Gas and Power, Siemens Gamesa Renewable Energy, Smart Infrastructure, Siemens Healthineers showed significant increases of 11%, 17%, 9%, 8% respectively, while Mobility recorded substantial decline of 36%. "The weakening of the global economy accelerated clearly during fiscal year 2019. Nevertheless, we were again able to underscore Siemens' performance aspiration with a brilliant fourth quarter. We fully achieved our fiscal year guidance in all aspects! The global Siemens team has done an excellent job once again in fiscal 2019. In addition to a strong operating performance, we also successfully launched the largest transformation in our company's history. I am proud of this extraordinary team and look forward to sharing our tasks in the new fiscal year." said Joe Kaeser, President and Chief Executive Officer of Siemens AG.
Financial Highlights Fiscal 2019:
  • Orders increased 7% to €98.0 billion and revenue rose 5% to €86.8 billion; the book-to-bill ratio was 1.13
  • On a comparable basis, excluding currency translation and portfolio effects, orders rose 6% and revenue increased 3%, with the majority of industrial businesses contributing to growth
  • Adjusted EBITA Industrial Businesses increased slightly to €9.0 billion, including a clear increase for Siemens Healthineers; most other industrial businesses close to prior-year levels
  • Adjusted EBITA margin Industrial Businesses was 10.9%; excluding severance charges of €0.5 billion, Adjusted EBITA margin was 11.5%, well within the guidance range of 11% to 12%
  • Net income of €5.6 billion, below the prior year which included largely tax-free gains from the transfer of Siemens’ shares in Atos SE to Siemens Pension-Trust e.V. and the sale of OSRAM Licht AG shares; basic earnings per share (EPS) at €6.41; basic EPS excluding severance charges were €6.93, at the top end of the guidance range of €6.30 to €7.00
  • Free cash flow was €5.8 billion, level with the prior year
  • Siemens proposes to raise the dividend €0.10 per share, to €3.90 per share

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