Sensex 29182.95 -498.82 -1.68%
Nifty 8808.9 -143.45 -1.6%
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 Löscher, President & CEO of Siemens AG in English and German as well as new videos of Siemens' various activity sectors.
India Infoline News Service / 09:04, Jan 22, 2015
The outlook is a flat start. The market will look to scale to new peaks though not much effort is needed for the same. HUL saw a rally and short-covering may have pulled it up further. Speculation is on that its parent will raise stake through an open offer. After the cooling in oil prices, Cairn results will be in focus.