Siemens UK - Siemens posts record profit for fiscal 2010

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In fiscal 2010, Siemens generated the largest operating profit in its history. Total Sectors profits rose four percent to €7.8 billion. Net income climbed 63 percent to €4.1 billion. Growth picked up speed once again during the year. While declining in the first two quarters, new orders and revenue rebounded sharply in the second half-year. For the full fiscal year, new orders increased by three percent to €81.2 billion, while revenue stabilized at €76 billion.

Financial Highlights:

For the second straight quarter, Siemens delivered order and revenue growth both year-over-year and on a sequential basis, in all three Sectors.

Revenue rose 8% and orders climbed 25%, including growth in all reporting regions and double-digit increases in emerging economies. The book-to-bill ratio was 1.11 and the backlog for the Sectors totalled €87 billion.
Total Sectors profit of €1.064 billion included impairment charges of €1.204 billion at Diagnostics.
Net income (loss) was a negative €396 million due primarily to the impairment charges at Diagnostics and charges of €383 million for completing previously announced staff reductions at Siemens IT Solutions and Services. Basic EPS was a negative €0.54.
Free cash flow from continuing operations was €2.990 billion for the quarter and €7.111 billion for the fiscal year.
For fiscal 2010, orders rose 3% to €81.163 billion and revenue of €75.978 billion was nearly level with the prior year. Total Sectors profit of €7.789 billion exceeded the prior-year level even after the impairment charges mentioned above. Net income climbed 63%, to €4.068 billion. Siemens proposes a dividend of €2.70 per share compared to €1.60 per share in fiscal 2009.

For the full results, please click here

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For more information, contact:

Anne Keogh
Head of External Relations
Siemens Plc
Communications and Government Affairs
Tel: +44 (0)1276 696312
Mob: +44 (0)7808 823545