Finanzen / Bilanzen

Excellent performance in remarkable times

»The Siemens team delivered a strong finish to a remarkable year. While shaping the structure of the new Siemens, our industrial and earnings performance in the quarter was up year over year,« said Joe Kaeser, President and Chief Executive Officer of Siemens AG. »After the Energy spin-off and the Flender disposal, Siemens is very well positioned to lead the industrial transformation going forward.

Fiscal 2020

•    Orders of €60.0 billion and revenue of €57.1 billion, for a book-to-bill ratio of 1.05

•    These figures represent declines of 7% and 2%, respectively, compared to the prior year, on both a nominal and a comparable basis, excluding currency translation and portfolio effects

•    Adjusted EBITA Industrial Businesses of €7.6 billion, 3% below the prior-year level; Adjusted EBITA margin of 14.3% included a positive €0.8 billion effect from the stake in Bentley Systems, Inc., which contributed 1.5 percentage points to the margin, partly offset by severance charges of €0.5 billion which took 0.9 percentage points; results outside Industrial Businesses
impacted by a €0.5 billion impairment of an equity investment

•    Net income declined to €4.2 billion, including a loss of €0.1 billion within discontinued operations compared to income from discontinued operations of €0.5 billion in the prior year, resulting in basic earnings per share (EPS) from net income of €5.00

•    Despite less favorable conditions for cash collection, Free cash flow rose clearly to €6.4 billion, reaching the highest level in the past decade

•    With the spin-off of the energy business, Siemens allocated 55.0% of its ownership interest in Siemens Energy AG to its shareholders, a further 9.9% were transferred to Siemens Pension-Trust e.V and the remaining 35.1% of shares are held by Siemens and reported within Reconciliation to Consolidated Financial Statements as Siemens Energy Investment

•    After the successful spin-off of Siemens Energy, Siemens proposes a dividend of €3.50 per share, consisting of €3.00 at the upper end of our targeted dividend payout ratio, supplemented by an additional €0.50

Q4 Fiscal 2020

•    Orders were €15.6 billion, nearly level with the same quarter a year ago and revenue was €15.3 billion, 6% lower year-over-year; orders and revenue development strongly impacted by negative currency translation effects; book-to-bill ratio above one, at 1.02 •    On a comparable basis, orders rose 2% and revenue declined 3%

•    Adjusted EBITA Industrial Businesses increased to €2.6 billion; Adjusted EBITA margin of 18.7% included a positive €0.5 billion effect from the stake in Bentley Systems Inc., which contributed 3.8 percentage points to the margin, partly offset by severance charges of €0.1 billion which took 0.8 percentage points; results outside Industrial Businesses included the above-
mentioned €0.5 billion impairment of an equity investment

•    Net income of €1.9 billion, up 28% from Q4 FY 2019, benefiting from €0.8 billion in income from discontinued operations, resulting in basic EPS of €2.20

The full text of the press release can be found in the attached PDF.

This document contains statements related to our future business and financial performance and future events or developments involving Siemens that may constitute forward-looking statements. These statements may be identified by words such as “expect,” “look forward to,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “estimate,” “will,” “project” or words of similar meaning. We may also make forward-looking statements in other reports, in prospectuses, in presentations, in material delivered to shareholders and in press releases. In addition, our representatives may from time to time make oral forward-looking statements. Such statements are based on the current expectations and certain assumptions of Siemens’ management, of which many are beyond Siemens’ control. These are subject to a number of risks, uncertainties and factors, including, but not limited to, those described in disclosures, in particular in the chapter Report on expected developments and associated material opportunities and risks of the Annual Report, and in the Half-year Financial Report, which should be read in conjunction with the Annual Report. Should one or more of these risks or uncertainties materialize, events of force majeure, such as pandemics, occur or should underlying expectations including future events occur at a later date or not at all or assumptions prove incorrect, actual results, performance or achievements of Siemens may (negatively or positively) vary materially from those described explicitly or implicitly in the relevant forward-looking statement. Siemens neither intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated.

This document includes – in the applicable financial reporting framework not clearly defined – supplemental financial measures that are or may be alternative performance measures (non-GAAP-measures). These supplemental financial measures should not be viewed in isolation or as alternatives to measures of Siemens’ net assets and financial positions or results of operations as presented in accordance with the applicable financial reporting framework in its Consolidated Financial Statements. Other companies that report or describe similarly titled alternative performance measures may calculate them differently.

Due to rounding, numbers presented throughout this and other documents may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures.
All information is preliminary.

Firmenkontakt und Herausgeber der Meldung:

Siemens AG
Wittelsbacherplatz 2
80333 München
Telefon: +49 (89) 636-00
Telefax: +49 (89) 63652000

Florian Martens
Telefon: +49 (89) 636-22804
Simon Friedle
Telefon: +49 (1525) 2159076
Wolfram Trost
Media Relations
Telefon: +49 (89) 636-34794
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