Siemens
First half-year lays foundation for strong financial year
Siemens has announced its figures for the second quarter of 2019 and recorded increases in order intake and sales as well as a record order backlog.
The second quarter of 2019 went well for Siemens: order intake and revenue rose by 6% to €23.6 billion and 4% to €20.9 billion respectively. The order backlog reached a new high of €142 billion. On a comparable basis (excluding currency translation and portfolio effects), order intake increased by 4% and revenue by 2% compared to the second quarter of fiscal 2018.
The company confirms its earnings expectations for the 2019 financial year as a whole: Moderate growth in sales revenue is expected, adjusted for currency translation and portfolio effects. This is based on the assumption that the market environment will remain favorable - with limited risks from geopolitical uncertainties, particularly for the short-cycle businesses. An earnings margin of 11% to 12% is forecast for the Industrial Business (in its current organizational structure), excluding expenses for personnel restructuring.
You might also be interested in
Gas and Power is spun off
Realignment at Siemens: The portfolio is to be focused on dynamic growth markets and efficiency improvements. The spin-off of Siemens Gas and Power (GP) is one step in this direction.
read more...CFO of the new 'Siemens Gas and Power' appointed
Klaus Patzak, Managing Partner of the Siemens portfolio companies, is Chief Financial Officer of the future 'Siemens Gas and Power': He is responsible for setting up the finance function and managing all measures relating to the spin-off and IPO of...
read more...Siemens is European Patent Champion
With 174,317 applications, the European Patent Office reported a new record last year. The most active European company was Siemens. The last time the company led the field in Europe was in 2011.
read more...Figures for the first quarter of 2019
Strong order intake, falling profit at Siemens
Siemens has announced its figures for the first quarter of 2019. While incoming orders set a new record, profits halved. The 'Digital Factory' and 'Process Industries and Drives' divisions recorded some of the strongest sales growth.
read more...Siemens - Q4 and full year 2018
Power plant division as a brake pad
Siemens has closed the 2018 financial year: The company was able to increase its order intake and sales, but profits in the Industrial Business declined. This is attributable to the sluggish business in the Power and Gas Division.
read more...Siemens and UL Solutions digitize certification process
For the first time, an industrial product was certified for the USA after some of the required tests were digitally simulated and the results confirmed by physical tests. This was made possible with the help of the digital twin.
read more...Strong finish to the 2023 financial year
According to Siemens, revenue and order intake increased by 10% and 6% respectively on a comparable basis in the fourth quarter of 2023. In the Industrial Business, Siemens recorded its highest earnings and profitability figures ever.
read more...Security test suite for industrial networks
Siemens has expanded its industrial cybersecurity portfolio by launching an all-in-one security test suite for industrial communication networks.
read more...Innomotics launches as a Siemens subsidiary
Siemens is bundling its range of motor and large drive systems under the name Innomotics. The company was launched in Germany on July 1, 2023 as a wholly owned Siemens subsidiary.
read more...