Siemens AG (SI) Reports 7% Increase in FY11 Revs; Sees Moderate FY12 Organic Growth
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Siemens AG (NYSE: SI)today announced that it has ended fiscal 2011 with record operating results, achieving its outlook for the full year. For fiscal 2012, Siemens expects moderate organic revenue growth, with orders again exceeding revenues for a book-to-bill ratio of well above 1.
For fiscal 2011, global orders for Siemens AG climbed 16%, to EUR 85.6 billion (almost $120 billion) on an actual basis. Revenues rose 7% on an actual basis, to EUR 73.5 billion (approximately $100 billion.) Income from continuing operations reached EUR 7 billion (almost $10 billion.) The Street was looking for revs of $107.74 billion for fiscal 2011.
In the U.S, sales were up 12% to $20 billion and orders grew 8% to almost $22 billion.
For fiscal 2011, global orders for Siemens AG climbed 16%, to EUR 85.6 billion (almost $120 billion) on an actual basis. Revenues rose 7% on an actual basis, to EUR 73.5 billion (approximately $100 billion.) Income from continuing operations reached EUR 7 billion (almost $10 billion.) The Street was looking for revs of $107.74 billion for fiscal 2011.
In the U.S, sales were up 12% to $20 billion and orders grew 8% to almost $22 billion.
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