Siemens U.S. Sales Up 18% and Order Intake Up 5% in 2nd Quarter 2012

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Apr 25, 2012, 08:18 ET

WASHINGTON, April 25, 2012 /PRNewswire/ -- Siemens AG (NYSE: SI) today announced a sharp increase of its revenues and a decrease of its new orders in its second quarter of FY2012. For fiscal 2012 Siemens confirmed the expectations of moderate organic revenue growth compared to fiscal 2011, and orders again exceeding revenues for a book-to-bill above 1.

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Siemens revenue in the second quarter rose 9%, to approximately $26 billion (EUR 19.3 billion) on an actual basis. The order intake declined by 13% on an actual basis to approximately $24 billion (EUR 17.9 billion).

In the U.S., on an actual basis, sales were up 18% to approximately $5.6 billion (EUR 4.2 billion) and orders grew 5% to roughly $4.7 billion (EUR 3.5 billion) over the last quarter.

"Currently Siemens business in the U.S. is prospering. The U.S. has been a strong market for us in both sales and order growth for the past two quarters," said Eric Spiegel, president and CEO of Siemens Corporation.

One highlight of the second quarter was an order worth $1 billion Siemens received to supply components for a combined cycle-power plant in Saudi Arabia. Siemens Energy's recently expanded production facility in Charlotte, NC, will deliver 12 gas turbines to Saudi Arabia for that plant. The deal was partly financed by the Export-Import Bank of the U.S., which approved a direct loan of $638 million to Hajr Electricity Production Company in Riyadh, Saudi Arabia. The bank is an independent federal agency that helps foreign buyers purchase U.S. goods and services.

Siemens Industry has installed a new drive system at the SSAB Americas' plate and steckel mill in Montpelier, Iowa. The order is valued at more than $10 million and includes two Siemens Sinamics SM150 drive systems and synchronous motors to replace the existing equipment at the mill.

The Siemens Infrastructure & Cities Sector partnered with Burlington Electric Department (BED), a municipal department of the City of Burlington Vt., that provides electric service to more than 16,000 residential customers and 2,700 commercial and industrial customers. BED has selected Siemens for the sale and implementation of the eMeter® EnergyIP® meter data management (MDM) platform and help to proceed with its Smart grid plans.

Siemens Healthcare Diagnostics announced two new companion diagnostics partnerships with pharmaceutical companies ViiV Healthcare and Tocagen targeting the development of novel diagnostics tests for physicians treating HIV and brain cancer.

Siemens Government Technologies announced that the U.S. Army Engineering and Support Center has awarded a $16.8 million task order to implement energy-conserving upgrades, including a 4.465 MW solar photovoltaic (PV) power generating system - the largest to date for the U.S. Army - at the White Sands Missile Range, N.M. The solar PV system will provide the Army with approximately 10,000 solar renewable energy credits annually as well as qualify it for a 30 percent federal cash grant in excess of $4.8 million.

Siemens AG (Berlin and Munich) is a global powerhouse in electronics and electrical engineering, operating in the fields of industry, energy and healthcare as well as providing infrastructure solutions, primarily for cities and metropolitan areas. For over 160 years, Siemens has stood for technological excellence, innovation, quality, reliability and internationality. The company is the world's largest provider of environmental technologies. Around 40 percent of its total revenue stems from green products and solutions. In fiscal 2011, which ended on September 30, 2011, revenue from continuing operations totaled EUR 73.5 billion and income from continuing operations EUR 7.0 billion. At the end of September 2011, Siemens had around 360,000 employees worldwide on the basis of continuing operations. Further information is available on the Internet at: http://www.siemens.com.

SOURCE Siemens AG