Earnings Release Q4 FY 2011: Strong End to an Excellent Year

Earnings Release Q4 FY 2011: Strong End to an Excellent Year
"With a strong fourth quarter in a turbulent economic environment, we ended fiscal 2011 with record operating results. With our new organization into four Sectors we have aligned our business even more closely with our customers. Siemens has a strong portfolio and stands for stability and confidence in troubled times. We are well positioned for moderate revenue growth in fiscal 2012 and surpassing the €100 billion revenue threshold in the medium term."

Peter Löscher, President and Chief Executive Officer of Siemens AG

Financial Highlights:

  •     Revenue for the fourth quarter rose 5%, to €20.351 billion, with increases in all regions including strong emerging market growth. Organic revenue grew 9% compared to the prior-year period, excluding currency translation and portfolio effects.

  •     Orders came in at €21.157 billion, below the prior-year period but 2% higher on an organic basis. The book-to-bill ratio for the quarter was 1.04 and the order backlog was €96 billion.

  •     Siemens' Sectors continued their strong execution, delivering Total Sectors Profit of €2.166 billion, including €231 million in impairment charges in the solar business.

  •     Income from continuing operations rose to €1.228 billion and corresponding basic EPS was €1.33.

  •     An outstanding fourth-quarter cash performance in the Sectors lifted Free cash flow from continuing operations to €3.480 billion, well above last year's strong closing quarter.

  •     For fiscal 2011, Siemens achieved its outlook for financial results. Revenue rose 7% year-over-year, to €73.515 billion, and orders increased 16%, to €85.582 billion. Total Sectors Profit climbed 36% year-over-year, to €9.093 billion, and income from continuing operations reached €7.011 billion. Siemens proposes a dividend of €3.00 per share compared to €2.70 per share in fiscal 2010.

  • Join our community for FREE today!

  • Create and share your own profile

  • Join the discussions

  • Publish your own items

  • Subscription to our Weekly eNewsletter

your benefits?

Get connected with parking professionals worldwide

Create your account

Sign in with LinkedIn Close

FREE membership benefits

  • * create and share your own profile
  • * join the discussions
  • * publish your own items on parking-net.commanage news, jobs, tenders, companies, events, showcases, educations, associations and literature.
  • * subscribe to our weekly eNewsletter
Add news yourself


There are no comments yet for this item

Join the discussion

You can only add a comment when you are logged in. Click here to login