Siemens AG — Earnings Release 2005

Jul 28, 2005

News Details

Ad-hoc | 28 July 2005 07:55

Siemens AG in the third quarter (April 1 to June 30) of fiscal 2005

Ad hoc announcement §15 WpHG Earnings Release Siemens AG in the third quarter (April 1 to June 30) of fiscal 2005 Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. —————————————————————————— Siemens in the third quarter (April 1 to June 30) of fiscal 2005 Earlier today, the shareholders of BenQ Group of Taiwan approved the mobile phone business sale agreement. The transaction is expected to close in the fourth quarter. Mobile phone activities, reported as discontinued operations following a sale agreement, are excluded from reported results for continuing operations in both the current and prior-year periods, including Group profit, sales, orders and cash flows. Income from continuing operations was EUR 625 million compared to EUR 871 million a year earlier. Net income in the third quarter, which includes discontinued operations, was EUR 389 million. Basic earnings per share from continuing operations were EUR 0.70 compared to EUR 0.97 a year earlier. Group profit from Operations was EUR980 million on a continuing basis, compared to EUR 1.333 billion in the third quarter a year ago. On a continuing basis, Operations provided net cash of EUR 66 million from operating and investing activities. Investing activities included significant cash used in acquisitions. Third-quarter orders increased 9% on a continuing basis, to EUR 19.935 billion, and sales rose 7% year-over-year, to EUR 18.750 billion. After the close of the third quarter, Siemens completed its acquisitions of Flender Holding GmbH and VA Technologie AG. The aim is a full-year result roughly in line with the comparable level of income from continuing operations in the prior year. Siemens Aktiengesellschaft Wittelsbacher Platz 2 80333 München Deutschland ISIN: DE0007236101 (DAX) WKN: 723610 Listed: Amtlicher Markt in Berlin-Bremen, Düsseldorf, Frankfurt (Prime Standard), Hamburg, Hannover, München und Stuttgart; EUREX; Amsterdam; Brüssel; London; New York; Zürich End of ad hoc announcement (c)DGAP 28.07.2005 280755 Jul 05