Siemens reports 136% higher EPS for fiscal Q4

Thursday, 07. November 2019 07:21

The largest industrial manufacturing company in Europe Siemens AG said on Thursday its basic earnings per share (EPS) surged 136% annually in its fourth fiscal quarter to stand at €1.63. At the same time, revenue was 8% higher at €24.52 billion as orders increased 4%.

The Munich-based company noted that its net income added 116% to reach €1.47 billion in the three months through September, while adjusted EBITA were €2.64, up by 20%. In the full fiscal 2019, Siemens posted revenue of €86.8 billion, 5% more than in 2018, with basic EPS at €6.41. For the next fiscal year, the company expects "moderate growth" due to "subdued" global macroeconomic development and geopolitical and geoeconomic risks.

"The weakening of the global economy accelerated clearly during fiscal 2019. Nevertheless, we were again able to underscore Siemens' performance aspiration with a brilliant fourth quarter," said Joe Kaeser, CEO of Siemens. "The global Siemens team has done an excellent job once again in fiscal 2019. In addition to a strong operating performance, we also successfully launched the largest transformation in our company’s history."

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