Earnings Release and Financial Results Q1 FY 2016: Strong start into the fiscal year – earnings outlook raised
Major contract wins in Europe and Africa drive first-quarter orders up 27% year-over-year, at €22.8 billion; revenue 8% higher at €18.9 billion, for a book-to-bill ratio of 1.21
Excluding currency translation effects, orders 22% higher and revenue up 4%
Industrial Business profit climbs 10% year-over-year, to €2.0 billion, including margin expansion; strong increases in Healthcare, Energy Management and Mobility more than offset declines in Digital Factory, Process Industries and Drives and Wind Power and Renewables
Net income of €1.6 billion, up 42% from the prior-year quarter which was burdened by factors outside the Industrial Business; basic earnings per share (EPS) of €1.89 compared to €1.30 in Q1 FY 2015
We raise our previous expectation for basic EPS from net income in the range of €5.90 to €6.20 to the range of €6.00 to €6.40
"We delivered a strong quarter and are well underway in executing our Vision 2020. Therefore, we will raise our earnings outlook for 2016, even though the macroeconomic and geopolitical developments remain a concern for our markets. We continue to focus on addressing our structural challenges in the company and invest into further developing our markets and strengthening our innovation power"

Vandaag de
Munich, Jan 26, 2016
Siemens will hold its Annual Shareholders' Meeting at the Olympia Hall in Munich on January 26, 2016. The opening and the speeches of Dr. Gerhard Cromme, Chairman of the Supervisory Board, and Joe Kaeser, CEO, will be broadcast live on the internet.

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