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In the first quarter of fiscal year 2018, Siemens saw strong growth in order bookings and another success

Last Updated on 2018-02-06 Hits:2423
• FY 2018 fiscal year (October 1, 2017 - September 30, 2018) New orders for the first quarter amounted to € 22.5 billion, an increase of 14%, mainly due to the traffic group, the digital factory group, and Siemens wind power Strong performance growth achieved with the new business represented by the merger of Business and Gomes.

• The order delivery ratio increased to 1.13, which is the best performance of Siemens since it secured a large amount of orders in FY16.

• On a comparable basis, excluding the impact of business mix and exchange rate changes, new orders increased 7% and revenue increased 1% YoY.

• Industrial business posted a profit of EUR 2.2 billion, a decrease of 14% from the same period of last year, mainly due to the sharp decline of power generation and natural gas business, which offset the outstanding performance of short-cycle business and transportation group. The quarterly negative exchange rate While the same period last year benefited from the business portfolio income; the profit margin of the entity business was 11.0%.

• Net income increased 12% to € 2.2 billion thanks to tax-free gains from the sale of shares in Osram and substantially reduced corporate income tax largely due to revaluation of future tax conditions following the U.S. tax reform; Share earnings (EPS) rose to 2.68 euros from 2.41 euros in the same period last year.

Joe Kaeser, President and Chief Executive Officer of Siemens AG, said: "Our performance in the first quarter underscored the company's strengths and we set the benchmark in industrial digital based on the good momentum of global economic growth. Understand clearly the opportunities you face and know how we are going. "
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