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First Quarter Results FY 2015
Munich, 27 January 2015
Save the date2015-01-27T00:00:00Europe/Parisuse-titleFirst Quarter Results FY 2015First-quarter revenue up 5% to €17.415 billion; on a comparable basis, excluding currency translation and portfolio effects, revenue up 3%Orders of €18.013 billion for a book-to-bill ratio of 1.03; 11% decline compared to Q1 FY 2014, which included a €1.6 billion order in Saudi ArabiaIndustrial Business profit of €1.819 billion 4% lower due mainly to Power and Gas as expected; Industrial Business profit margin within the expected rangeIncome from continuing operations of €1.106 billion burdened outside the Industrial Business; furthermore negative swing within discontinued operations affects Net income which was €1.095 billion, with basic earnings per share (EPS) of €1.30Strong contribution to Free cash flow from Industrial BusinessDuring the first quarter, Siemens classified the hearing aid business as discontinued operations; prior-period results are presented on a comparable basisPortfolio milestones include closing the acquisition of the Rolls-Royce Energy aero-derivative gas turbine and compressor business in the first quarter; followed, in January 2015, by closing the divestment of the hearing aid business (expected pretax gain: approximately €1.6 billion), closing the divestment of Siemens' stake in BSH Bosch und Siemens Hausgeräte GmbH (BSH) (expected pretax gain: approximately €1.4 billion), and completing the contribution of the metals technologies business into a joint venture; furthermore, we expect a profit impact due to a funding commitment of €0.3 billion related to Unify Holdings B.V. in the second quarterMunich
We released our first quarter results for fiscal 2015 on January 27, 2015. The press conference was broadcast live.
Save the date2015-01-27T00:00:00Europe/Parisuse-titleFirst Quarter Results FY 2015First-quarter revenue up 5% to €17.415 billion; on a comparable basis, excluding currency translation and portfolio effects, revenue up 3%Orders of €18.013 billion for a book-to-bill ratio of 1.03; 11% decline compared to Q1 FY 2014, which included a €1.6 billion order in Saudi ArabiaIndustrial Business profit of €1.819 billion 4% lower due mainly to Power and Gas as expected; Industrial Business profit margin within the expected rangeIncome from continuing operations of €1.106 billion burdened outside the Industrial Business; furthermore negative swing within discontinued operations affects Net income which was €1.095 billion, with basic earnings per share (EPS) of €1.30Strong contribution to Free cash flow from Industrial BusinessDuring the first quarter, Siemens classified the hearing aid business as discontinued operations; prior-period results are presented on a comparable basisPortfolio milestones include closing the acquisition of the Rolls-Royce Energy aero-derivative gas turbine and compressor business in the first quarter; followed, in January 2015, by closing the divestment of the hearing aid business (expected pretax gain: approximately €1.6 billion), closing the divestment of Siemens' stake in BSH Bosch und Siemens Hausgeräte GmbH (BSH) (expected pretax gain: approximately €1.4 billion), and completing the contribution of the metals technologies business into a joint venture; furthermore, we expect a profit impact due to a funding commitment of €0.3 billion related to Unify Holdings B.V. in the second quarterMunich
We released our first quarter results for fiscal 2015 on January 27, 2015. The press conference was broadcast live.
Press Release27 January 2015
Earnings Release and Financial Results Q1 FY 2015: Q1 – Overall performance as expected
- First-quarter revenue up 5% to €17.415 billion; on a comparable basis, excluding currency translation and portfolio effects, reven...
- Orders of €18.013 billion for a book-to-bill ratio of 1.03; 11% decline compared to Q1 FY 2014, which included a €1.6 billion orde...
- Industrial Business profit of €1.819 billion 4% lower due mainly to Power and Gas as expected; Industrial Business profit margin w...
- Income from continuing operations of €1.106 billion burdened outside the Industrial Business; furthermore negative swing within di...
- Strong contribution to Free cash flow from Industrial Business
- During the first quarter, Siemens classified the hearing aid business as discontinued operations; prior-period results are present...
- Portfolio milestones include closing the acquisition of the Rolls-Royce Energy aero-derivative gas turbine and compressor business...
Press Release26 January 2015
Changes in Siemens Managing Board: Janina Kugel appointed member. Hermann Requardt to leave
- Healthcare management reorganized with Bernd Montag as CEO
- Head of Power and Gas Division leaves Siemens