Earnings Release and Financial Results Q2 FY 2015, January 1 to March 31, 2015 : Portfolio gains drive income
21 May 2015
· Second-quarter orders up 16%, to €20.8 billion, including large orders in the rail business; on a comparable basis, excluding currency translation and portfolio effects, orders up 7%
· Revenue 8% higher at €18.0 billion, for a book-to-bill ratio of 1.15; revenue flat on a comparable basis
· Industrial Business profit 5% lower, at €1.7 billion, due largely to Power and Gas as expected
· Net income of €3.9 billion, including €1.6 billion, €1.4 billion and €0.2 billion, respectively, on the sale of the hearing aid business, Siemens' stake in BSH Bosch und Siemens Hausgeräte GmbH (BSH) and the hospital information business; resulting in basic earnings per share (EPS) of €4.70
"For business volume, we performed well in our markets. The profitability of our Industrial Business shows that we must still improve some businesses."
Joe Kaeser, President and Chief Executive Officer of Siemens AG.
Please read the complete Earnings Release and Financial Results in the attached PDF: here