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

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.