Siemens, Earnings Release: Strong Year-End in Tough Markets

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Algemeen advies 03/12/2009 17:29
Munich, Germany, 2009-Dec-03
“In a very difficult environment, Siemens has performed very well in 2009 compared to its key competitors. Supported by our Energy and Healthcare Sectors, we can look back with pride on our stable revenue development and our robust profit on a operational basis. With new energy we started in fiscal 2010 and have strengthened our portfolio by the addition of Solel. We see substantial further potential worldwide in the area of environmental technology. To ensure the sustainable viability of businesses that have been particularly affected by the crisis we are continuing to rigorously implement all necessary measures. The overall market environment will remain challenging in 2010.”

Financial Highlights:

- Orders came in at €18.747 billion, 16% below the prior-year period. The book-to-bill ratio was 0.95 and the backlog for the Sectors was €81.2 billion.
- Revenue of €19.714 billion was down 9% compared to the prior-year quarter, despite stable revenue in Energy and Healthcare.
- Total Sectors profit climbed 25% from the prior-year level, to €1.923 billion.
- Free cash flow from continuing operations was €3.158 billion, up 13% from the strong prior-year quarter.
- Net income was a negative €1.063 billion, due primarily to a non-cash loss of €1.962 billion related to NSN. Basic EPS was a negative €1.31.
- For fiscal 2009, revenue was nearly unchanged compared to the prior year, Total Sectors profit rose to €7.466 billion, and income from continuing operations increased to €2.457 billion. Siemens proposed a dividend of €1.60 per share compared to €1.60 per share in fiscal 2008.

zie het totale bericht op
http://w1.siemens.com/press/pool/de/events/corporate/2009-q4/2009-q4-earnings-release-e.pdf



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