SIEMENS EARNS MORE

Siemens AG (FRA:SIE) has closed its fiscal year to meet the key financial targets it had set.

Siemens had a net profit of 7,380 million euros in its last fiscal year, which ended on September 31, 34% more than the previous, announced today the German industrial group.

The company explained that this result, included sales of 3,000 million euros of its hearing aid division and its participation in the manufacturer Bosch und Siemens Hausgeräte (BSH) appliances.

President and CEO of Siemens, Joe Kaeser, was pleased, in a statement, by the end balance obtained by the company at the close of September 31: “We have achieved what we promised and we are well positioned to continue to meet our plans for next year. “

Gross profit (EBITDA) of the company rose by 3% compared to last fiscal year, standing at 9.825 million euros.

The turnover of Siemens in fiscal year reached 75.636 million euros, representing an increase of 6% over the previous year.

The order book in this period also increased by 6% to 82,340 million euros, the company indicated in presenting its balance sheet.

Industrial net debt of the German conglomerate, meanwhile, went from 1,390 million in September 2014 to 6,107,000 euros at the end of September.

The free cash flow during the year stood at 4,700 million euros compared to 5,200 million in fiscal 2014.

The board and the supervisory board of Siemens will propose to the shareholders to distribute an earnings per share of 3.50 euros for this fiscal year, compared with 3.30 euros the comparison period.

November 20, 2015 | Categories: Uncategorized | Tags: EARNS, Joe Kaeser, SIEMENS | Leave a comment