11 Nov 2010

Siemens posts record profit for fiscal 2010

In fiscal 2010, Siemens generated the largest operating profit in its history. Total Sectors profits rose four percent to €7.8 billion. Net income climbed 63 percent to €4.1 billion. Growth picked up speed once again during the year. While declining in the first two quarters, new orders and revenue rebounded sharply in the second half-year. For the full fiscal year, new orders increased by three percent to €81.2 billion, while revenue stabilized at €76 billion.

Financial Highlights:

For the second straight quarter, Siemens delivered order and revenue growth both year-over-year and on a sequential basis, in all three Sectors.

  • Revenue rose 8% and orders climbed 25%, including growth in all reporting regions and double-digit increases in emerging economies. The book-to-bill ratio was 1.11 and the backlog for the Sectors totalled €87 billion.
  • Total Sectors profit of €1.064 billion included impairment charges of €1.204 billion at Diagnostics.
  • Net income (loss) was a negative €396 million due primarily to the impairment charges at Diagnostics and charges of €383 million for completing previously announced staff reductions at Siemens IT Solutions and Services. Basic EPS was a negative €0.54.
  • Free cash flow from continuing operations was €2.990 billion for the quarter and €7.111 billion for the fiscal year.
  • For fiscal 2010, orders rose 3% to €81.163 billion and revenue of €75.978 billion was nearly level with the prior year. Total Sectors profit of €7.789 billion exceeded the prior-year level even after the impairment charges mentioned above. Net income climbed 63%, to €4.068 billion. Siemens proposes a dividend of €2.70 per share compared to €1.60 per share in fiscal 2009.

For the full results, please click here

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For more information, contact:

Anne Keogh
Head of External Relations
Siemens Plc
Communications and Government Affairs
Tel: +44 (0)1276 696312
Mob: +44 (0)7808 823545


About Siemens

Siemens AG (Berlin and Munich) is a leading technology company focused on industry, infrastructure, transport, and healthcare.

From more resource-efficient factories, resilient supply chains, and smarter buildings and grids, to cleaner and more comfortable transportation as well as advanced healthcare, the company creates technology with purpose adding real value for customers.

By combining the real and the digital worlds, Siemens empowers its customers to transform their industries and markets, helping them to transform the everyday for billions of people.

Siemens also owns a majority stake in the publicly listed company Siemens Healthineers, a globally leading medical technology provider shaping the future of healthcare.

In fiscal 2023, which ended on September 30, 2023, the Siemens Group generated revenue of €77.8 billion and net income of €8.5 billion.

As of September 30, 2023, the company had around 320,000 employees worldwide.

Further information is available on the Internet at www.siemens.com.