New orders for Siemens in the third quarter of fiscal 2015 (April 1 to June 30, 2015) amounted to EUR 19.9 billion, an increase of 4% year-on-year, including orders of EUR 1.6 billion from the Transportation Group; Excluding the impact of exchange rates and business mix adjustments, orders were down 5 per cent year on year.
New orders for Siemens in the third quarter of fiscal 2015 (April 1 to June 30, 2015) amounted to EUR 19.9 billion, an increase of 4% year-on-year, including orders of EUR 1.6 billion from the Transportation Group; Excluding the impact of exchange rates and business mix adjustments, orders were down 5 per cent year on year.
• Revenue of €18.8 billion, up 8%; The shipment ratio was 1.05; On a comparable basis, revenues were down 3 per cent year on year.
• Industrial Business profits of €1.8 billion; The good performance of the Energy Management Group and the Medical Group compensated for the decline of the Power generation and Gas Group.
• Net income of €1.4 billion; Basic earnings per share were €1.65, an increase from basic earnings per share of €1.62 in the third quarter of fiscal 2014.
• At the end of the quarter, the Power Generation & Gas Group closed its acquisition of Drexeland, greatly enhancing its portfolio of businesses in the oil & gas industry and distributed energy generation.
"Despite challenging market conditions, Siemens delivered solid earnings across most of its businesses in the third quarter of fiscal 2015. We expect to maintain this momentum in the fourth quarter to finish the fiscal year on a strong note." "Said Joe Kaeser, president and CEO of Siemens AG.
outlook
Siemens' outlook for fiscal 2015 remains unchanged. Especially due to geopolitical tensions and other reasons, Siemens believes that the 2015 fiscal year will continue to face a complex business environment. On an organic growth basis, the Company expects revenue for the current fiscal year to be flat compared to the previous fiscal year, with orders exceeding revenue and a shipment ratio greater than 1. At the same time, due to the impact of the divestment of the business, the earnings per share (net income) in the 2015 financial year will increase by at least 15% compared to the 6.37 euros per share in the 2014 financial year. The company expects the physical business unit to achieve a profit margin of 10% to 11%. This estimate excludes the impact of laws and regulations.
