Second Quarter Results FY 2016
17 May 2016
We released our second quarter results for fiscal year 2016 on May 4, 2016.
Continuing growth in orders, revenue and profitability:
Major orders in Egypt and the U.K. drive second-quarter orders up 7% year-over-year, to €22.3 billion; revenue 5% higher at €19.0 billion, for a book-to-bill ratio of 1.17
Excluding currency translation effects, orders 10% higher and revenue up 7%
Industrial Business profit climbs 28% year-over-year, to €2.1 billion, including significant margin expansion, with most industrial businesses contributing to the increase – profit margin Industrial Business at 10.9%
Net income of €1.5 billion came in below the €3.9 billion in Q2 FY 2015 which included €3.0 billion in divestment gains from the sale of the hearing aid business and Siemens' stake in BSH Bosch und Siemens Hausgeräte GmbH (BSH); basic earnings per share (EPS) of €1.78 compared to €4.70 in Q2 FY 2015
"We delivered another convincing performance in the second quarter, compared to both the prior year and our industry sector. Despite ongoing challenges in the market environment, we will continue to focus rigorously on profitable growth."