Siemens: shares jump after 'brilliant' quarter

(CercleFinance.com) - Siemens announced a "brilliant" fourth quarter on Thursday, meaning that Europe's biggest engineering company fully achieved its fiscal-year guidance.


The Munich-based company said net income more than doubled in its fiscal fourth quarter to September, at 1.5 billion euros, or 1.63 euro per share, from 681 million euros a year ago.

Siemens - whose products range from trains to healthcare systems - reported revenue of 24.5 billion euros, up 8% year-on-year, while its orders rose by 4% to 24.7 billion euros.

The group's book-to-bill ratio - or ratio of orders to deliveries - exceeds the important threshold of 1.

In its statement, Siemens - which recently launched the largest transformation in the company's history - said the planned high priority public listing of its energy unit is "well on track."

Last but not least, Siemens also said it plans to increase its dividend by 10 cents to 3.90 euros per share.

The shares were up 4.7% at 113.2 euros after all these announcements, the second biggest riser on Germany's blue-chip DAX index.

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