Earnings Release and Financial Results Q4 FY 2020 - Siemens NOTE 2Acquisitions, dispositions and discontinued operations. As of March 31, 2020, receivables from and liabilities to joint ventures and associates at discontinued operations amounted to €67million and €321 million, respectively. In the March 31, 2020 Consolidated Financial Statements, the Company based financial statement related estimates and assumptions on existing knowledge and best information available and applied a scenario assuming the current coronavirus situation is of no long-term duration. Income (loss) from discontinued operations, net of income taxes. You've rejected analytics cookies. It requires complex and subjective judgments and the use of assumptions, some of which may be for matters that are inherently uncertain and susceptible to change. Revenues increased by 2%, from 9 billion to 9.2 billion euros. Income (loss) from discontinued operations before income taxes, thereof attributable to Siemens AG shareholders, ¹mainly includes income taxes relating to the legal carve-out of the distribution group. A paid subscription is required for full access. About us - Company - MEA - Siemens Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Safari Browser. IFRS 16, Leases, was adopted as of October 1, 2019, by applying the modified retrospective approach (using practical and transitional expedients), i.e. Get in touch with us. Prior period amounts are not adjusted. Prior-period amounts are presented on a comparable basis. Accounting estimates involving the most significant impacts are disclosed in Note 2 of Siemens' Consolidated Financial Statements as of September 30, 2019. Severance charges for continuing operations were €380 million (H1 FY 2019: €136 million), Tax rate of 20.6% in H1 FY 2020 due mainly to a positive effect from a retroactive statutory tax rate reduction and the largely, Discontinued operations turned negative due largely to sharply lower Adjusted EBITA from the energy business, including a loss at SGRE, and sharply higher tax expenses, mainly related to the, Basic earnings per share (EPS) came in lower due to net income attributable to shareholders of Siemens AG which declined 39% year-, ROCE declined on a combination of sharply lower net income and an increase in average capital employed, Total assets influenced by negative currency translation effects totaling €2.7 billion, The classification of Gas and Power and SGRE as held for disposal and discontinued operations had a significant impact on the presentation of Siemens' assets, liabilities and cash flows; the portions of Gas and Power and SGRE assets and liabilities were reclassified to assets classified as held for disposal, including €2.0 billion cash and cash equivalents, and to liabilities associated with assets classified as held for disposal, increasing them by €41.4 billion and €26.2 billion, respectively; the cash flow portions of Gas and Power and SGRE were classified as discontinued operations. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). The German company wants to expand its offering and grow faster than rivals as office blocks and apartments become more connected and drivers switch to e-vehicles, Rebellius said. Despite the coronavirus pandemic (COVID-19), Siemens was able to operate production sites and supply chains near normal levels in the first half of fiscal 2020; nevertheless volume, income and cash flows were noticeably affected by consequences from the pandemic, primarily a decline in demand and restricted access to customer sites in affected regions. This document includes - in the applicable financial reporting framework not clearly defined - supplemental financial measures that are or may be alternative performance measures (non-GAAP-measures). The assessment includes the likelihood of the shareholders' approval at the extraordinary general meeting scheduled for July 9, 2020. It looks like you are using a browser that is not fully supported. In, Siemens. For example, if containment measures are initiated on short notice or last unforeseeably long, this might significantly impact our business in a way that exceeds current expectations and might go beyond already initiated mitigation measures. In case of discrepancies, the German language document is the sole authoritative and universally valid version. Siemens AG - revenue by segment 2021 | Statista Siemens AG (Berlin and Munich)is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for more than 170 years. This document contains statements related to our future business and financial performance and future events or developments involving Siemens that may constitute forward-looking statements. Our Standards: The Thomson Reuters Trust Principles. Please create an employee account to be able to mark statistics as favorites. We published our Annual Report on December 2nd, 2021. In addition, our representatives may from time to time make oral forward-looking statements. The Siemens team delivered a strong finish to a remarkable year. As of March 31, 2020 and September 30, 2019, loans given to joint ventures and associates amounted to €781 million and €679 million, respectively, therein €763 million and €662 million related to joint ventures, respectively. Currently, you are using a shared account. site. B. Half-year Consolidated Financial Statements, (in millions of €, per share amounts in €), Selling and general administrative expenses, Income (loss) from investments accounted for using the equity method, net, Income (loss) from discontinued operations, B.2 Consolidated Statements of Comprehensive Income, Items that will not be reclassified to profit or loss, Items that may be reclassified subsequently to profit or loss, Other comprehensive income, net of income taxes, B.3 Consolidated Statements of Financial Position, Investments accounted for using the equity method, Short-term debt and current maturities of long-term debt, Liabilities associated with assets classified as held for disposal, Provisions for pensions and similar obligations, Total equity attributable to shareholders of Siemens AG, B.4 Consolidated Statements of Cash Flows, Adjustments to reconcile net income to cash flows from operating activities - continuing operations, (Income) loss from discontinued operations, net of income taxes, Amortization, depreciation and impairments, (Income) loss related to investing activities, Change in operating net working capital from, Additions to assets leased to others in operating leases, Cash flows from operating activities - continuing operations, Cash flows from operating activities - discontinued operations, Cash flows from operating activities - continuing and discontinued operations, Additions to intangible assets and property, plant and equipment, Acquisitions of businesses, net of cash acquired, Purchase of investments and financial assets for investment purposes, Change in receivables from financing activities, Disposal of intangibles and property, plant and equipment, Disposal of businesses, net of cash disposed, Disposal of investments and financial assets for investment purposes, Cash flows from investing activities - continuing operations, Cash flows from investing activities - discontinued operations, Cash flows from investing activities - continuing and discontinued operations, Re-issuance of treasury shares and other transactions with owners, Repayment of long-term debt (including current maturities of long-term debt), Change in short-term debt and other financing activities, Dividends paid to shareholders of Siemens AG, Dividends attributable to non-controlling interests, Cash flows from financing activities - continuing operations, Cash flows from financing activities - discontinued operations, Cash flows from financing activities - continuing and discontinued operations, Effect of changes in exchange rates on cash and cash equivalents, Cash and cash equivalents at beginning of period, Cash and cash equivalents at end of period, Less: Cash and cash equivalents of assets classified as held for disposal and discontinued operations, Cash and cash equivalents at end of period (Consolidated Statements of Financial Position), B.5 Consolidated Statements of Changes in Equity, Transactions with non-controlling interests, Balance as of September 30, 2019 (as previously reported), B.6 Notes to Half-year Consolidated Financial Statements. Should one or more of these risks or uncertainties materialize, events of force majeure, such as pandemics, occur or should underlying expectations including future events occur at a later date or not at all or assumptions prove incorrect, actual results, performance or achievements of Siemens may (negatively or positively) vary materially from those described explicitly or implicitly in the relevant forward-looking statement. News 01 December 2020 Siemens AG Munich. ), Lease liability from finance leases as of September 30, 2019, Lease liability recognized for the first time as of October 1, 2019 (thereof current: €751). Provisions for pensions and similar obligations as of March 31, 2020: €7.5 billion (September 30, 2019: €9.9 billion); the decrease was due mainly to a higher discount rate assumption, extraordinary fundings in Germany and the reclassification of Gas and Power and SGRE obligations as liabilities associated with assets held for disposal; the decrease was partially offset by negative returns on plan assets; For information with regard to transactions with shareholders please refer to Note 4 in B.6 Notes to, Lack of raw materials could hamper expansion of hydrogen production, Cms : Siemens Aktiengesellschaft: Release of a capital market information, Siemens, Microsoft Seek Corporate Support for CBI's Survival Amid Sexual Misconduct Case. In May 2019, Siemens announced to transfer the energy business into a new company, Siemens Energy, and list it on the stock market by a spin-off. The purchase price is €1.1 billion. Earnings release and financial results Q4 FY 2020 - Siemens Energy positioned to support our customers and benefit from the major growth drivers Your comment will be published after moderation. These are subject to a number of risks, uncertainties and factors, including, but not limited to, those described in disclosures, in particular in the chapter Report on expected developments and associated material opportunities and risks of the Annual Report, and in the Half-year Financial Report, which should be read in conjunction with the Annual Report. Profit from the additional features of your individual account. These statements may be identified by words such as “expect,” “look forward to,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “estimate,” “will,” “project” or words of similar meaning. As of September 30, 2020, the company had around 293,000 employees worldwide. In contrast, the downturn in revenue in the SGRE segment was moderate. The accompanying condensed Half-year Consolidated Financial Statements as of March 31, 2020 present the operations of Siemens AG and its subsidiaries (the Company or Siemens). Assets and liabilities of the distribution group are presented as held for disposal since the respective criteria were met. As of March 31, 2020, Siemens conducted an impairment test for the distribution group and concluded that its fair value less costs to distribute is higher than its carrying amount. Use Ask Statista Research Service. Picture: Siemens . "Siemens AG's revenue in 2020 and 2021, by industrial business segment (in million euros)." Siemens Smart Infrastructure targets acquisitions to speed growth The following table presents the undiscounted amount of maximum potential future payments for major groups of guarantees (continuing operations as of March 31, 2020): In addition to guarantees disclosed in the table above, the Company issued other guarantees including indemnifications in connection with dispositions of businesses. PDF Siemens Annual Report 2020 all – the best team. This page also includes an archive of previous annual reports and sustainability information. Siemens AG's revenue in 2020 and 2021, by industrial business segment (in million euros) [Graph]. of digitalization and sustainability. We adhere to our plan to complete the spin-off and public listing of Siemens Energy before the end of fiscal 2020. The partly preliminary purchase price allocations resulted in Other intangible assets of €242 million and Goodwill of €246 million. Additional risks and opportunities not known to us or that we currently consider immaterial could also affect our business operations. a record-setting free cash flow, strong revenue growth and high profitability income guidance. You've accepted analytics cookies. Siemens has relationships with many joint ventures and associates in the ordinary course of business whereby Siemens buys and sells a wide variety of products and services generally on arm's length terms. We may also make forward-looking statements in other reports, prospectuses, in presentations, in material delivered to shareholders and in press releases. In the long term, a roll-back of globalization could lower potential future growth. With a very attractive dividend, a strong stock price development and our new The initial application of IFRS 16 reduced Retained earnings by €28 million. Should the current Covid-19 situation result in a longer-term deep recession, valuation allowances for expected credit losses on financial assets at amortized cost could increase by a lower to middle three-digit million €-amount. This page requires JavaScript in order to be fully functional and displayed correctly. We could be facing unexpected shutdowns of locations, factories or office buildings of our suppliers, customers or our own operations, thus impairing our ability to produce or deliver our products, solutions and services. As of March 31, 2020 and September 30, 2019, the Company had commitments to make capital contributions of €174 million and €145 million to its joint ventures and associates, therein €156 million and €127 million related to joint ventures, respectively. 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", Siemens, Siemens AG's revenue in 2020 and 2021, by industrial business segment (in million euros) Statista, https://www.statista.com/statistics/281333/revenue-of-siemens-ag-by-segment/ (last visited June 06, 2023), Siemens AG's revenue in 2020 and 2021, by industrial business segment (in million euros) [Graph], Siemens, November 11, 2021. These Half-year Consolidated Financial Statements are in accordance with IFRS applicable to interim financial reporting as issued by the IASB and as adopted by the EU and should be read in conjunction with the Siemens Consolidated Financial Statements as of September 30, 2019. Please note that there might be constraints on site display and Please enable The COVID-19 pandemic is rapidly evolving and the resulting impact on our operations varies from country to country, from region to region within a country and sometimes even between cities and communities. As a Premium user you get access to the detailed source references and background information about this statistic. Then you can access your favorite statistics via the star in the header. We expect even stronger impacts from the pandemic on business development in our fiscal third quarter. Please enable Having a broad range of businesses runs contrary to the recent trend at industrial companies to simplify their operations, although Rebellius said his customers preferred it. This company has a Business Responsibility This document is an English language translation of the German document. Home . Tax rate of 20.6% in H1 FY 2020 due mainly to a positive effect from a retroactive statutory tax rate reduction and the largely tax-free gain from the abovementioned transfer of an investment to Siemens Pension Trust e.V. We’re ideally Siemens AG published this content on 08 May 2020 and is solely responsible for the information contained therein. [{"name":"Home","site_name":"Press | Company | Siemens","description":"","url_str":"\/global\/","level":0,"image":"","base_root":"https:\/\/press.siemens.com","base_nid":"5","base_nodepath":"\/node\/5","base_path":"\/global\/","base_secure_url":"https:\/\/press.siemens.com\/global","children":null}]. Segment measurement principles are the same as those described in the September 30, 2019 Annual Report. Beyond the third quarter of fiscal 2020, macroeconomic developments and their influence on Siemens currently cannot be reliably assessed. 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. In the first six months ended March 31, 2020 and 2019, expenses resulting from transactions between discontinued operations and joint ventures and associates amounted to €84 million and €112 million, respectively. These supplemental financial measures should not be viewed in isolation or as alternatives to measures of Siemens’ net assets and financial positions or results of operations as presented in accordance with the applicable financial reporting framework in its Consolidated Financial Statements. Available: https://www.statista.com/statistics/281333/revenue-of-siemens-ag-by-segment/, Siemens AG's revenue in 2020 and 2021, by industrial business segment, Immediate access to statistics, forecasts & reports, Industrial control and factory automation market size 2020-2026, Global automation market - revenue by segment 2019-2021, Turnover of the robotics and automation industries Germany 2002-2022, Siemens AG - number of employees FY 2017-2021, Siemens AG - revenue by segment 2020-2021, Siemens AG - medical technology revenue 2004-2021, Siemens AG - environmental portfolio revenue 2011-2021, Siemens Energy AG - revenue by segment 2021, Siemens Energy AG - revenue by region 2021, Siemens Gamesa's annually installed capacity FY 2012-2021, Leading automation vendors worldwide 2020, Medical technology - top companies based on revenue 2021, Raytheon Technologies - net sales 2008-2021, Johnson & Johnson's total sales 2005-2022, Revenue of Siemens AG in Germany 2014-2021, Annual U.S. turbine installation capacity by Siemens 2006-2016, Media perception of Siemens in the Netherlands 2020, by characteristic, Shareholding pattern of Siemens Limited India 2021, 3D desktop printer manufacturers - company comparison based on revenue 2016-2017, Bharat Heavy Electricals - research and development investment, Spain: insights of electrical installers into ordering from manufacturers 2018, Industry revenue of "Manufacture of other electrical equipment" in India 2012-2024, Industry revenue of “wiring device manufacturing“ in Illinois 2012-2024, Siemens AG's revenue in 2020 and 2021, by industrial business segment (in million euros), Find your information in our database containing over 20,000 reports, around 4.6 billion euros on research and development, industrial automation market is dominated by big conglomerates.
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