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Siemens has a strong finish for fiscal 2015

By Niranjan Mudholkar,

Added 16 November 2015

Ambitious outlook for 2016; Substantial growth in orders expected despite weakening global economy.

Siemens has met its guidance for fiscal 2015 as planned and announced an ambitious outlook for fiscal 2016. In fiscal 2015, orders climbed six percent to €82.3 billion. Revenue was also up six percent to €75.6 billion.

Excluding currency translation and portfolio effects, orders and revenue were both down one percent, roughly at the prior-year level. The book-to-bill ratio was 1.09. The profit margin for the Industrial Business was 10.1 percent. Net income totaled €7.4 billion (fiscal 2014: €5.5 billion).

At €8.84, basic earnings per share were 39 percent above the prior-year figure. For fiscal 2015, Siemens had anticipated revenue on an organic basis at the prior-year level and a book-to-bill ratio of over one. An increase in basic earnings per share of at least 15 percent above the prior-year value of €6.37 had been forecast. The profit margin for the Industrial Business had been expected to be 10 percent to 11 percent.

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