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Siemens' revenue for the first quarter of fiscal year 2015 was approximately 17.4 billion euros, a year-on-year increase of 5%
2020-04-18
• In the first quarter, revenue reached 17.415 billion euros, an increase of 5%. On a comparable basis, excluding the effects of currency and portfolio changes, revenue grew by 3% year-on-year.
• New orders amounted to 18.013 billion euros, with a shipment ratio of 1.03, down 11% compared to the first quarter of fiscal year 2014, including orders worth 1.6 billion euros secured in Saudi Arabia.
• Industrial Business profit reached 1.819 billion euros, down 4% year-on-year, mainly due to the expected underperformance of the Power and Gas division; the Industrial Business profit margin was within the expected range.
• Due to the overall market environment, earnings from continuing operations were 1.106 billion euros; affected by negative fluctuations from discontinued operations, net earnings were 1.095 billion euros, with basic earnings per share of 1.3 euros.
• The Industrial Business made a significant contribution to free cash flow.
• In the first quarter, Siemens classified its hearing aid business as discontinued operations; prior business data were calculated on a comparable basis.
• Milestones in portfolio adjustments include: completion in the first quarter of the acquisition of Rolls-Royce Energy's aero-derivative gas turbine and compressor business; in January 2015, the divestiture of the hearing aid business (expected pre-tax profit of approximately 1.6 billion euros), the sale of shares in Bosch and Siemens Home Appliances Group (BSH) (expected pre-tax profit of approximately 1.4 billion euros), and the establishment of a joint venture in metallurgical technology; additionally, we expect that the second quarter's 300 million euro capital commitment to Unify Holdings B.V. will impact earnings.
"Most of our businesses have met expectations. Some business groups have achieved excellent results, while the Healthcare business group needs to work harder to quickly resume its previous strong performance, and the Power and Gas group requires a more comprehensive plan to return to and sustain historically high profitability," said Joe Kaeser, President and CEO of Siemens AG.
About Siemens in China:
Siemens AG is a global leading technology company, founded in 1847, with operations in more than 200 countries worldwide, focusing on electrification, automation, and digitalization. As one of the world's largest suppliers of efficient energy and resource-saving technologies, Siemens leads in offshore wind turbine construction, combined cycle power generation turbines, transmission solutions, infrastructure solutions, industrial automation, drives and software solutions, as well as medical imaging equipment and laboratory diagnostics. Siemens entered China in 1872 and for over 140 years has consistently supported China's development with innovative technologies, excellent solutions, and products, distinguished by outstanding quality, trusted reliability, leading technological achievements, and relentless innovation. In fiscal year 2014 (October 1, 2013 to September 30, 2014), Siemens' total revenue in China reached 6.44 billion euros, employing more than 32,000 people. Siemens has become an integral part of Chinese society and economy and is committed to working closely with China to achieve sustainable development.
18 Apr,2020
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