AI assistant
Siemens AG — Earnings Release 2017
Jan 31, 2017
390_rns_2017-01-31_57086cde-053d-4257-919c-0bf101d03276.html
Earnings Release
Open in viewerOpens in your device viewer
News Details
Ad-hoc | 31 January 2017 20:07
Siemens Aktiengesellschaft: Siemens raises earnings outlook for FY 2017
Siemens Aktiengesellschaft / Key word(s): Change in Forecast
31-Jan-2017 / 20:07 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by
DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Munich, January 31, 2017
Disclosure of an inside information according to Article 17 MAR
Siemens raises earnings outlook for FY 2017
After a strong start into the fiscal year, the Managing Board of Siemens AG
decided today to raise the previous expectation for profit and EPS for
fiscal 2017. Siemens raises the previous expectation for the profit margin
of Industrial Business in the range of 10.5% to 11.5% to the range of 11.0%
to 12.0%. Furthermore, Siemens raises the previous expectations for basic
EPS from net income in the range of EUR6.80 to EUR7.20 to the range of
EUR7.20 to EUR7.70.
Disclaimer
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. 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. We may also make forward-looking statements in other
reports, in presentations, in material delivered to shareholders and in
press releases. In addition, our representatives may from time to time make
oral forward-looking statements. Such statements are based on the current
expectations and certain assumptions of Siemens' management, of which many
are beyond Siemens' control. 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 Risks in the Annual Report.
Should one or more of these risks or uncertainties materialize, or should
underlying expectations not occur 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. Siemens neither intends, nor
assumes any obligation, to update or revise these forward-looking
statements in light of developments which differ from those anticipated.
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). 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. Other
companies that report or describe similarly titled alternative performance
measures may calculate them differently. Explanations of financial measures
used can be found in the Annual Report 2016 of Siemens AG (available at
http://www.siemens.com/investor/pool/en/investor_relations/
Siemens_AR2016.pdf), in particular in section A.2.
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.
Contact:
Sabine Reichel
Head of Siemens Investor Relations
Wittelsbacherplatz 2
80333 Munich
+49 (0) 89-636-35755
[email protected]
31-Jan-2017 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: Siemens Aktiengesellschaft
Wittelsbacherplatz 2
80333 München
Germany
Phone: +49 (0)89 636-00
Fax: +49 (0)89 636-1332474
E-mail: [email protected]
Internet: www.siemens.com
ISIN: DE0007236101
WKN: 723610
Indices: DAX, EURO STOXX 50,
Listed: Regulated Market in Dusseldorf, Frankfurt (Prime
Standard); Regulated Unofficial Market in Tradegate
Exchange
End of Announcement DGAP News Service