Feb. 5 2020

Earnings Release Q1 FY 2020: Strong demand delivers record high for order backlog - focus on energy businesses

•  Orders at €24.8 billion, down 2% from the strong prior-year level as sharply lower volume from large orders in Mobility more than offset increases in the majority of industrial businesses, particularly in Siemens Gamesa Renewable Energy (SGRE); revenue rose 1%, to €20.3 billions

•  On a comparable basis, excluding currency translation and portfolio effects, orders declined 4% and revenue was down 1%; the book-to-bill ratio was a strong 1.22 and the order backlog reached a new high at €149 billion

•  Adjusted EBITA Industrial Businesses declined to €1.4 billion, due mainly to a loss in SGRE and market weakness for short-cycle businesses; Adjusted EBITA margin Industrial Businesses was 7.3%, held back by €0.2 billion in severance charges, which reduced Adjusted EBITA margin Industrial Businesses by 1.0 percentage points

•  Net income declined 3% to €1.1 billion and included substantially better results outside Industrial Businesses compared to Q1 FY 2019; basic earnings per share (EPS) rose 6% to €1.33

“After a powerful finish in fiscal 2019, the first quarter started slowly as expected. The weak performance across our energy businesses reinforces our priorities. We confirm our full-year guidance and will list Siemens Energy on the stock exchange in September as planned. This is a major milestone in positioning Siemens for the future,” said Joe Kaeser, President and Chief Executive Officer of Siemens AG.

About Siemens in China

 Siemens AG is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for more than 170 years. The company is active around the globe, focusing on the areas of power generation and distribution, intelligent infrastructure for buildings and distributed energy systems, and automation and digitalization in the process and manufacturing industries. Through the separately managed company Siemens Mobility, a leading supplier of smart mobility solutions for rail and road transport, Siemens is shaping the world market for passenger and freight services. Due to its majority stakes in the publicly listed companies Siemens Healthineers AG and Siemens Gamesa Renewable Energy, Siemens is also a world-leading supplier of medical technology and digital healthcare services as well as environmentally friendly solutions for onshore and offshore wind power generation. For 147 years since its entering into China in 1872, Siemens has pioneered cooperation with the country with its solutions, technologies and products. In fiscal 2019 (October 1, 2018 – September 30, 2019), Siemens generated revenue of €8.4 billion in China, with over 35,000 employees. By fiscal 2019, the company had over 20 R&D hubs, more than 5,000 R&D and engineering staff, and around 13,200 active patents and patent applications in China. Siemens has become an integral part of the Chinese economy and society, and continues to partner with the country to address her pursuit of sustainable development. Further information is available on the Internet at www.siemens.com.cn.

For further information please contact:

Siemens Ltd., China
Corporate Communications Zhang Zheng
+86-10-6476 3263
zheng.zhang@siemens.com