09 Nov '17, 7am

Siemens FY2017:

Earnings Release and Financial Results Q4 FY 2017: Targets achieved – another outstanding year for Siemens Revenue rose 4%, to €83.0 billion; orders were strong at €85.7 billion, just 1% below the high level a year ago despite substantial, ongoing contraction in markets for the Power and Gas Division which recorded large orders in Egypt totaling €4.7 billion in the prior year; the book-to-bill ratio was 1.03 On a comparable basis, excluding currency translation and portfolio effects, revenue rose 3% and orders declined 2% Industrial Business profit rose 8%, to €9.5 billion, with double-digit increases at Building Technologies, Digital Factory, Mobility and Process Industries and Drives more than offsetting declines at Power and Gas and Siemens Gamesa Renewable Energy (SGRE) Industrial Business profit margin reached 11.2%, with a majority of businesses within or above their...

Full article: https://www.siemens.com/press/en/events/2017/corporate/20...

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