The FINANCIAL — Siemens AG reported on November 12 that its fourth-quarter net income declined 33 percent to 1 billion euros from last year’s 1.50 billion euros, according to Nasdaq.
Earnings per share were 1.18 euros, down 32 percent from 1.72 euros a year ago. Net income was lower due mainly to Centrally managed portfolio activities.
Revenues, meanwhile, increased 4 percent to 21.33 billion euros from 20.44 billion euros last year. On a comparable basis, revenues dropped 4 percent.
Fourth-quarter orders went up 15% year-over-year to 23.72 billion euros. Comparable orders grew 6 percent.
Further, Siemens proposed a dividend of 3.50 euros per share.
Looking ahead for fiscal 2016, the company expects basic earnings per share from net income in the range of 5.90 euros to 6.20 euros as compared to fiscal 2015’s 5.18 euros, excluding 3.66 euros per share in portfolio gains.
The company expects moderate revenue growth, net of effects from currency translation, and orders to materially exceed revenue.
The company said it anticipates further softening in the macroeconomic environment and continuing complexity in the geopolitical environment in fiscal 2016.
Discussion about this post