12 November 2020Siemens AGMunich
- At €57.1 billion, revenue at prior-year level; orders decline slightly to €60.0 billion
- At €7.6 billion, adjusted EBITA for Industrial Businesses only slightly below prior-year level; adjusted EBITA margin of 14.3 percent (FY 2019: 14.4 percent) stable at a high level
- Net income of €4.2 billion (FY 2019: €5.6 billion)
- Free cash flow up substantially to €6.4 billion (FY 2019: €5.8 billion); highest level in past ten years
- Vision 2020+ execution successfully driven
- Total dividend of €3.50 per share (FY 2019: €3.90)
- Outlook: Siemens expects moderate rise in net income for FY 2021 despite significant burdens from currency translation effects
-
Vision 2020+ execution successfully driven
In addition to the success achieved in its operations, Siemens rigorously drove progress in the execution of its long-term Vision 2020+ strategy in fiscal 2020. The goal was to give the company’s individual businesses significantly more entrepreneurial freedom under the shared strong Siemens brand. Against this backdrop, Siemens spun off and successfully listed its energy business on the stock exchange as Siemens Energy at the end of September. Including Siemens Healthineers and Siemens AG, the Siemens ecosystem now contains three publicly listed companies.“The Siemens team delivered a strong finish to a remarkable year. While shaping the structure of the new Siemens, our industrial and earnings performance in the quarter was up year over year,” said Joe Kaeser, President and Chief ExecutiveOfficer of Siemens AG. “After the Energy spin-off and the Flender disposal, Siemens is very well positioned to lead the industrial transformation going forward.”“Even in these challenging times, Siemens has a very solid financial setup,” added Ralf P. Thomas, Chief Financial Officer of Siemens AG. “In fiscal 2020, we increased our free cash flow considerably once again to reach a ten-year high. We also want our shareholders to benefit from our success. At 3.2 percent, Siemens’ dividend yield continues to clearly outpace the industry average. Supported by our share buyback program and the rerating of our share following the spin-off of Siemens Energy, we’re providing our investors with a highly attractive total shareholder return.” - “For Siemens, October 1 marked not only the start of the new fiscal year, but also the beginning of a new chapter in the company’s 173-year history,” said Roland Busch, Deputy CEO and future CEO. “By rigorously executing Vision 2020+, we’ve turned a conglomerate into a focused technology company. The new Siemens AG has a clear focus: We enable our customers in industry, infrastructure and transportation to successfully transform their sectors. In this way, we play a key role in supporting the backbone of the economy and the basis for sustainable growth.”
12 November 2020Siemens AGMunich
- At €57.1 billion, revenue at prior-year level; orders decline slightly to €60.0 billion
- At €7.6 billion, adjusted EBITA for Industrial Businesses only slightly below prior-year level; adjusted EBITA margin of 14.3 percent (FY 2019: 14.4 percent) stable at a high level
- Net income of €4.2 billion (FY 2019: €5.6 billion)
- Free cash flow up substantially to €6.4 billion (FY 2019: €5.8 billion); highest level in past ten years
- Vision 2020+ execution successfully driven
- Total dividend of €3.50 per share (FY 2019: €3.90)
- Outlook: Siemens expects moderate rise in net income for FY 2021 despite significant burdens from currency translation effects
-
Vision 2020+ execution successfully driven
In addition to the success achieved in its operations, Siemens rigorously drove progress in the execution of its long-term Vision 2020+ strategy in fiscal 2020. The goal was to give the company’s individual businesses significantly more entrepreneurial freedom under the shared strong Siemens brand. Against this backdrop, Siemens spun off and successfully listed its energy business on the stock exchange as Siemens Energy at the end of September. Including Siemens Healthineers and Siemens AG, the Siemens ecosystem now contains three publicly listed companies.“The Siemens team delivered a strong finish to a remarkable year. While shaping the structure of the new Siemens, our industrial and earnings performance in the quarter was up year over year,” said Joe Kaeser, President and Chief ExecutiveOfficer of Siemens AG. “After the Energy spin-off and the Flender disposal, Siemens is very well positioned to lead the industrial transformation going forward.”“Even in these challenging times, Siemens has a very solid financial setup,” added Ralf P. Thomas, Chief Financial Officer of Siemens AG. “In fiscal 2020, we increased our free cash flow considerably once again to reach a ten-year high. We also want our shareholders to benefit from our success. At 3.2 percent, Siemens’ dividend yield continues to clearly outpace the industry average. Supported by our share buyback program and the rerating of our share following the spin-off of Siemens Energy, we’re providing our investors with a highly attractive total shareholder return.” - “For Siemens, October 1 marked not only the start of the new fiscal year, but also the beginning of a new chapter in the company’s 173-year history,” said Roland Busch, Deputy CEO and future CEO. “By rigorously executing Vision 2020+, we’ve turned a conglomerate into a focused technology company. The new Siemens AG has a clear focus: We enable our customers in industry, infrastructure and transportation to successfully transform their sectors. In this way, we play a key role in supporting the backbone of the economy and the basis for sustainable growth.”
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12 November 2020Siemens AGMunich
- At €57.1 billion, revenue at prior-year level; orders decline slightly to €60.0 billion
- At €7.6 billion, adjusted EBITA for Industrial Businesses only slightly below prior-year level; adjusted EBITA margin of 14.3 percent (FY 2019: 14.4 percent) stable at a high level
- Net income of €4.2 billion (FY 2019: €5.6 billion)
- Free cash flow up substantially to €6.4 billion (FY 2019: €5.8 billion); highest level in past ten years
- Vision 2020+ execution successfully driven
- Total dividend of €3.50 per share (FY 2019: €3.90)
- Outlook: Siemens expects moderate rise in net income for FY 2021 despite significant burdens from currency translation effects
-
Vision 2020+ execution successfully driven
In addition to the success achieved in its operations, Siemens rigorously drove progress in the execution of its long-term Vision 2020+ strategy in fiscal 2020. The goal was to give the company’s individual businesses significantly more entrepreneurial freedom under the shared strong Siemens brand. Against this backdrop, Siemens spun off and successfully listed its energy business on the stock exchange as Siemens Energy at the end of September. Including Siemens Healthineers and Siemens AG, the Siemens ecosystem now contains three publicly listed companies.“The Siemens team delivered a strong finish to a remarkable year. While shaping the structure of the new Siemens, our industrial and earnings performance in the quarter was up year over year,” said Joe Kaeser, President and Chief ExecutiveOfficer of Siemens AG. “After the Energy spin-off and the Flender disposal, Siemens is very well positioned to lead the industrial transformation going forward.”“Even in these challenging times, Siemens has a very solid financial setup,” added Ralf P. Thomas, Chief Financial Officer of Siemens AG. “In fiscal 2020, we increased our free cash flow considerably once again to reach a ten-year high. We also want our shareholders to benefit from our success. At 3.2 percent, Siemens’ dividend yield continues to clearly outpace the industry average. Supported by our share buyback program and the rerating of our share following the spin-off of Siemens Energy, we’re providing our investors with a highly attractive total shareholder return.” - “For Siemens, October 1 marked not only the start of the new fiscal year, but also the beginning of a new chapter in the company’s 173-year history,” said Roland Busch, Deputy CEO and future CEO. “By rigorously executing Vision 2020+, we’ve turned a conglomerate into a focused technology company. The new Siemens AG has a clear focus: We enable our customers in industry, infrastructure and transportation to successfully transform their sectors. In this way, we play a key role in supporting the backbone of the economy and the basis for sustainable growth.”
12 November 2020Siemens AGMunich
- At €57.1 billion, revenue at prior-year level; orders decline slightly to €60.0 billion
- At €7.6 billion, adjusted EBITA for Industrial Businesses only slightly below prior-year level; adjusted EBITA margin of 14.3 percent (FY 2019: 14.4 percent) stable at a high level
- Net income of €4.2 billion (FY 2019: €5.6 billion)
- Free cash flow up substantially to €6.4 billion (FY 2019: €5.8 billion); highest level in past ten years
- Vision 2020+ execution successfully driven
- Total dividend of €3.50 per share (FY 2019: €3.90)
- Outlook: Siemens expects moderate rise in net income for FY 2021 despite significant burdens from currency translation effects
-
Vision 2020+ execution successfully driven
In addition to the success achieved in its operations, Siemens rigorously drove progress in the execution of its long-term Vision 2020+ strategy in fiscal 2020. The goal was to give the company’s individual businesses significantly more entrepreneurial freedom under the shared strong Siemens brand. Against this backdrop, Siemens spun off and successfully listed its energy business on the stock exchange as Siemens Energy at the end of September. Including Siemens Healthineers and Siemens AG, the Siemens ecosystem now contains three publicly listed companies.“The Siemens team delivered a strong finish to a remarkable year. While shaping the structure of the new Siemens, our industrial and earnings performance in the quarter was up year over year,” said Joe Kaeser, President and Chief ExecutiveOfficer of Siemens AG. “After the Energy spin-off and the Flender disposal, Siemens is very well positioned to lead the industrial transformation going forward.”“Even in these challenging times, Siemens has a very solid financial setup,” added Ralf P. Thomas, Chief Financial Officer of Siemens AG. “In fiscal 2020, we increased our free cash flow considerably once again to reach a ten-year high. We also want our shareholders to benefit from our success. At 3.2 percent, Siemens’ dividend yield continues to clearly outpace the industry average. Supported by our share buyback program and the rerating of our share following the spin-off of Siemens Energy, we’re providing our investors with a highly attractive total shareholder return.” - “For Siemens, October 1 marked not only the start of the new fiscal year, but also the beginning of a new chapter in the company’s 173-year history,” said Roland Busch, Deputy CEO and future CEO. “By rigorously executing Vision 2020+, we’ve turned a conglomerate into a focused technology company. The new Siemens AG has a clear focus: We enable our customers in industry, infrastructure and transportation to successfully transform their sectors. In this way, we play a key role in supporting the backbone of the economy and the basis for sustainable growth.”
12 November 2020Siemens AGMunich
- At €57.1 billion, revenue at prior-year level; orders decline slightly to €60.0 billion
- At €7.6 billion, adjusted EBITA for Industrial Businesses only slightly below prior-year level; adjusted EBITA margin of 14.3 percent (FY 2019: 14.4 percent) stable at a high level
- Net income of €4.2 billion (FY 2019: €5.6 billion)
- Free cash flow up substantially to €6.4 billion (FY 2019: €5.8 billion); highest level in past ten years
- Vision 2020+ execution successfully driven
- Total dividend of €3.50 per share (FY 2019: €3.90)
- Outlook: Siemens expects moderate rise in net income for FY 2021 despite significant burdens from currency translation effects
-
Vision 2020+ execution successfully driven
In addition to the success achieved in its operations, Siemens rigorously drove progress in the execution of its long-term Vision 2020+ strategy in fiscal 2020. The goal was to give the company’s individual businesses significantly more entrepreneurial freedom under the shared strong Siemens brand. Against this backdrop, Siemens spun off and successfully listed its energy business on the stock exchange as Siemens Energy at the end of September. Including Siemens Healthineers and Siemens AG, the Siemens ecosystem now contains three publicly listed companies.“The Siemens team delivered a strong finish to a remarkable year. While shaping the structure of the new Siemens, our industrial and earnings performance in the quarter was up year over year,” said Joe Kaeser, President and Chief ExecutiveOfficer of Siemens AG. “After the Energy spin-off and the Flender disposal, Siemens is very well positioned to lead the industrial transformation going forward.”“Even in these challenging times, Siemens has a very solid financial setup,” added Ralf P. Thomas, Chief Financial Officer of Siemens AG. “In fiscal 2020, we increased our free cash flow considerably once again to reach a ten-year high. We also want our shareholders to benefit from our success. At 3.2 percent, Siemens’ dividend yield continues to clearly outpace the industry average. Supported by our share buyback program and the rerating of our share following the spin-off of Siemens Energy, we’re providing our investors with a highly attractive total shareholder return.” - “For Siemens, October 1 marked not only the start of the new fiscal year, but also the beginning of a new chapter in the company’s 173-year history,” said Roland Busch, Deputy CEO and future CEO. “By rigorously executing Vision 2020+, we’ve turned a conglomerate into a focused technology company. The new Siemens AG has a clear focus: We enable our customers in industry, infrastructure and transportation to successfully transform their sectors. In this way, we play a key role in supporting the backbone of the economy and the basis for sustainable growth.”
12 November 2020Siemens AGMunich
- At €57.1 billion, revenue at prior-year level; orders decline slightly to €60.0 billion
- At €7.6 billion, adjusted EBITA for Industrial Businesses only slightly below prior-year level; adjusted EBITA margin of 14.3 percent (FY 2019: 14.4 percent) stable at a high level
- Net income of €4.2 billion (FY 2019: €5.6 billion)
- Free cash flow up substantially to €6.4 billion (FY 2019: €5.8 billion); highest level in past ten years
- Vision 2020+ execution successfully driven
- Total dividend of €3.50 per share (FY 2019: €3.90)
- Outlook: Siemens expects moderate rise in net income for FY 2021 despite significant burdens from currency translation effects
-
Vision 2020+ execution successfully driven
In addition to the success achieved in its operations, Siemens rigorously drove progress in the execution of its long-term Vision 2020+ strategy in fiscal 2020. The goal was to give the company’s individual businesses significantly more entrepreneurial freedom under the shared strong Siemens brand. Against this backdrop, Siemens spun off and successfully listed its energy business on the stock exchange as Siemens Energy at the end of September. Including Siemens Healthineers and Siemens AG, the Siemens ecosystem now contains three publicly listed companies.“The Siemens team delivered a strong finish to a remarkable year. While shaping the structure of the new Siemens, our industrial and earnings performance in the quarter was up year over year,” said Joe Kaeser, President and Chief ExecutiveOfficer of Siemens AG. “After the Energy spin-off and the Flender disposal, Siemens is very well positioned to lead the industrial transformation going forward.”“Even in these challenging times, Siemens has a very solid financial setup,” added Ralf P. Thomas, Chief Financial Officer of Siemens AG. “In fiscal 2020, we increased our free cash flow considerably once again to reach a ten-year high. We also want our shareholders to benefit from our success. At 3.2 percent, Siemens’ dividend yield continues to clearly outpace the industry average. Supported by our share buyback program and the rerating of our share following the spin-off of Siemens Energy, we’re providing our investors with a highly attractive total shareholder return.” - “For Siemens, October 1 marked not only the start of the new fiscal year, but also the beginning of a new chapter in the company’s 173-year history,” said Roland Busch, Deputy CEO and future CEO. “By rigorously executing Vision 2020+, we’ve turned a conglomerate into a focused technology company. The new Siemens AG has a clear focus: We enable our customers in industry, infrastructure and transportation to successfully transform their sectors. In this way, we play a key role in supporting the backbone of the economy and the basis for sustainable growth.”
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12 November 2020Siemens AGMunich
- At €57.1 billion, revenue at prior-year level; orders decline slightly to €60.0 billion
- At €7.6 billion, adjusted EBITA for Industrial Businesses only slightly below prior-year level; adjusted EBITA margin of 14.3 percent (FY 2019: 14.4 percent) stable at a high level
- Net income of €4.2 billion (FY 2019: €5.6 billion)
- Free cash flow up substantially to €6.4 billion (FY 2019: €5.8 billion); highest level in past ten years
- Vision 2020+ execution successfully driven
- Total dividend of €3.50 per share (FY 2019: €3.90)
- Outlook: Siemens expects moderate rise in net income for FY 2021 despite significant burdens from currency translation effects
-
Vision 2020+ execution successfully driven
In addition to the success achieved in its operations, Siemens rigorously drove progress in the execution of its long-term Vision 2020+ strategy in fiscal 2020. The goal was to give the company’s individual businesses significantly more entrepreneurial freedom under the shared strong Siemens brand. Against this backdrop, Siemens spun off and successfully listed its energy business on the stock exchange as Siemens Energy at the end of September. Including Siemens Healthineers and Siemens AG, the Siemens ecosystem now contains three publicly listed companies.“The Siemens team delivered a strong finish to a remarkable year. While shaping the structure of the new Siemens, our industrial and earnings performance in the quarter was up year over year,” said Joe Kaeser, President and Chief ExecutiveOfficer of Siemens AG. “After the Energy spin-off and the Flender disposal, Siemens is very well positioned to lead the industrial transformation going forward.”“Even in these challenging times, Siemens has a very solid financial setup,” added Ralf P. Thomas, Chief Financial Officer of Siemens AG. “In fiscal 2020, we increased our free cash flow considerably once again to reach a ten-year high. We also want our shareholders to benefit from our success. At 3.2 percent, Siemens’ dividend yield continues to clearly outpace the industry average. Supported by our share buyback program and the rerating of our share following the spin-off of Siemens Energy, we’re providing our investors with a highly attractive total shareholder return.” - “For Siemens, October 1 marked not only the start of the new fiscal year, but also the beginning of a new chapter in the company’s 173-year history,” said Roland Busch, Deputy CEO and future CEO. “By rigorously executing Vision 2020+, we’ve turned a conglomerate into a focused technology company. The new Siemens AG has a clear focus: We enable our customers in industry, infrastructure and transportation to successfully transform their sectors. In this way, we play a key role in supporting the backbone of the economy and the basis for sustainable growth.”
12 November 2020Siemens AGMunich
- At €57.1 billion, revenue at prior-year level; orders decline slightly to €60.0 billion
- At €7.6 billion, adjusted EBITA for Industrial Businesses only slightly below prior-year level; adjusted EBITA margin of 14.3 percent (FY 2019: 14.4 percent) stable at a high level
- Net income of €4.2 billion (FY 2019: €5.6 billion)
- Free cash flow up substantially to €6.4 billion (FY 2019: €5.8 billion); highest level in past ten years
- Vision 2020+ execution successfully driven
- Total dividend of €3.50 per share (FY 2019: €3.90)
- Outlook: Siemens expects moderate rise in net income for FY 2021 despite significant burdens from currency translation effects
-
Vision 2020+ execution successfully driven
In addition to the success achieved in its operations, Siemens rigorously drove progress in the execution of its long-term Vision 2020+ strategy in fiscal 2020. The goal was to give the company’s individual businesses significantly more entrepreneurial freedom under the shared strong Siemens brand. Against this backdrop, Siemens spun off and successfully listed its energy business on the stock exchange as Siemens Energy at the end of September. Including Siemens Healthineers and Siemens AG, the Siemens ecosystem now contains three publicly listed companies.“The Siemens team delivered a strong finish to a remarkable year. While shaping the structure of the new Siemens, our industrial and earnings performance in the quarter was up year over year,” said Joe Kaeser, President and Chief ExecutiveOfficer of Siemens AG. “After the Energy spin-off and the Flender disposal, Siemens is very well positioned to lead the industrial transformation going forward.”“Even in these challenging times, Siemens has a very solid financial setup,” added Ralf P. Thomas, Chief Financial Officer of Siemens AG. “In fiscal 2020, we increased our free cash flow considerably once again to reach a ten-year high. We also want our shareholders to benefit from our success. At 3.2 percent, Siemens’ dividend yield continues to clearly outpace the industry average. Supported by our share buyback program and the rerating of our share following the spin-off of Siemens Energy, we’re providing our investors with a highly attractive total shareholder return.” - “For Siemens, October 1 marked not only the start of the new fiscal year, but also the beginning of a new chapter in the company’s 173-year history,” said Roland Busch, Deputy CEO and future CEO. “By rigorously executing Vision 2020+, we’ve turned a conglomerate into a focused technology company. The new Siemens AG has a clear focus: We enable our customers in industry, infrastructure and transportation to successfully transform their sectors. In this way, we play a key role in supporting the backbone of the economy and the basis for sustainable growth.”