Siemens AG reported that revenue for the fourth quarter rose 7% year-over-year, to 21.703 bn, and orders rose 2% to 21.495 bn.
On a comparable basis, excluding currency translation and portfolio effects, revenue was up 1% and orders declined 4%. Total Sectors profit was 2.119 bn, held back by substantial profit impacts in the Energy Sector.
For fiscal 2012, revenue rose 7% year-over-year, to 78.296 billion, while orders came in 10% lower, at 76.913 billion, due to a significantly lower volume from large orders compared to the prior year. Total Sectors Profit was 7.543 billion and income from continuing operations was 5.184 billion. Siemens proposes a dividend of 3.00 per share, unchanged from fiscal 2011.
Available material includes soundbites from Peter Lscher, President & CEO of Siemens AG in English and German as well as new videos of Siemens' various activity sectors.
India Infoline Research Team / 08:49, Aug 21, 2014
The outlook is a flat open. Global indices are up. The minutes from the Federal Reserve's July meeting indicate that the Fed is in no hurry to raise interest rates. The Dow added 0.35% while S&P was up 0.25%. Nasdaq ended marginally lower. Asian indices are mixed with Nikkei up almost a percent while Hong Kong's Hang Seng index is lower. South Korea's Kospi index and China's Shanghai index are also in the red.