Siemens fourth-quarter orders were up 15% year-over-year, at €23.7 billion, and revenue 4% higher at €21.3 billion, for a book-to-bill
ratio of 1.11.
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Volume development includes strong currency translation tailwinds; excluding currency translation and portfolio effects, orders up 6% and revenue down 4%.
Other highlights
Industrial Business profit up 9%, at €2.5 billion; strong improvements in Energy Management, Wind Power and Renewables, Healthcare and Mobility, more than offset substantial declines in Power and Gas and Process Industries and Drives.
Net income lower, at €1.0 billion, due mainly to Centrally managed portfolio activities; basic earnings per share (EPS) of €1.18 compared to €1.72 in Q4 FY 2014.
Free cash flow from continuing and discontinued operations of €4.4 billion, above the high level in the fourth quarter a year ago.
Fiscal 2015
Orders and revenue both up 6% compared to fiscal 2014, at €82.3 billion and €75.6 billion, respectively, for a book-tobill ratio of 1.09; excluding currency translation and portfolio effects, orders and revenue were flat year-over-year.
Industrial Business profit up 1%, at €7.8 billion; strong profit growth in Energy Management along with increases in other Divisions and Healthcare, offsetting substantial declines in Power and Gas and Process Industries and Drives. Industrial Business profit margin reached 10.1%, within the expected range.
Severance charges totaled €566 million in Industrial Business and €804 million for continuing operations.
Net income of €7.4 billion includes €3.0 billion related to divestments of the hearing aid business and Siemens’ stake in BSH Bosch und Siemens Hausgeräte GmbH (BSH); basic earnings per share (EPS) up 39% at €8.84, including €3.66 related to the sale of the hearing aid business and the BSH stake.
Free cash flow from continuing and discontinued operations of €4.7 billion, down from €5.2 billion in fiscal 2014. Siemens proposes a dividend of €3.50 per share ■