OREANDA-NEWS. November 08, 2012. "A strong fourth quarter enabled us to fulfill our expectations for fiscal 2012 and achieve one of our best years ever. Even so, we didn't fully succeed in significantly boosting our performance vis-а-vis competitors, as we did in recent years. To get back to reaching our own goals, we've launched "Siemens 2014," a company-wide program aimed at raising our Total Sectors profit margin to at least 12 percent. We know what we have to do – and we're doing it."

Financial Highlights:
Revenue for the fourth quarter rose 7% year-over-year, to EUR  21.703 billion, and orders rose 2% to EUR  21.495 billion. On a comparable basis, excluding currency translation and portfolio effects, revenue was up 1% and orders declined 4%.
Total Sectors profit was EUR  2.119 billion, held back by substantial profit impacts in the Energy Sector.
Income from continuing operations was EUR  1.479 billion and corresponding basic EPS was EUR  1.63.
An outstanding fourth-quarter cash performance in the Sectors lifted Free cash flow from continuing operations to EUR  4.343 billion, well above last year's strong closing quarter.
For fiscal 2012, revenue rose 7% year-over-year, to EUR  78.296 billion, while orders came in 10% lower, at EUR  76.913 billion, due to a significantly lower volume from large orders compared to the prior year. Total Sectors Profit was EUR  7.543 billion and income from continuing operations was EUR  5.184 billion. Siemens proposes a dividend of EUR  3.00 per share, unchanged from fiscal 2011.

Please read the complete Earnings Release in the attached PDF:
Earnings Release

All figures are preliminary and unaudited. This Earnings Release should be read in conjunction with information Siemens published today regarding legal proceedings.

 Financial Publications are available for download at: www.siemens.com/ir
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This document includes supplemental financial measures that are or may be non-GAAP financial measures. New orders and order backlog; adjusted or organic growth rates of revenue and new orders; book-to-bill ratio; Total Sectors profit; return on equity (after tax), or ROE (after tax); return on capital employed (adjusted), or ROCE (adjusted); Free cash flow, or FCF; cash conversion rate, or CCR; adjusted EBITDA; adjusted EBIT; adjusted EBITDA margins, earnings effects from purchase price allocation, or PPA effects; net debt and adjusted industrial net debt are or may be such non-GAAP financial measures. These supplemental financial measures should not be viewed in isolation as alternatives to measures of Siemens' financial condition, results of operations or cash flows as presented in accordance with IFRS in its Consolidated Financial Statements. Other companies that report or describe similarly titled financial measures may calculate them differently. Definitions of these supplemental financial measures, a discussion of the most directly comparable IFRS financial measures, information regarding the usefulness of Siemens' supplemental financial measures, the limitations associated with these measures and reconciliations to the most comparable IFRS financial measures are available on Siemens' Investor Relations website at www.siemens.com/nonGAAP. For additional
information, see supplemental financial measures and the related discussion in Siemens' most recent annual report on Form 20-F, which can be found on our Investor Relations website or via the EDGAR system on the website of the United States Securities and Exchange Commission.

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uncertainties materialize, or should underlying assumptions prove incorrect, actual results, performance or achievements of Siemens may vary materially from those described in the relevant forward-looking statement as being expected, anticipated, intended, planned, believed, sought, estimated or projected. Siemens neither intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated.

Due to rounding, numbers presented throughout this and other documents may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures.