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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
June 29, 2010
Commission File Number: 1-15174
Siemens Aktiengesellschaft
(Translation of registrants name into English)
Wittelsbacherplatz 2
D-80333 Munich
Federal Republic of Germany
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form
20-F or Form 40-F.
Form 20-F þ Form 40-F o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation S-T Rule 101(b)(1):
Yes o No þ
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation S-T Rule 101(b)(7):
Yes o No þ
Indicate by check mark whether by furnishing the information contained in this Form, the registrant
is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.
Yes o No þ
If Yes is marked, indicate below the file number assigned to the registrant in connection with
Rule 12g3-2(b): 82-
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Press Presse Press Presse |
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Munich / Nuremberg, Germany, June 29, 2010 |
Siemens expects strong profitability again in third quarter of fiscal 2010
New orders and revenue at Sectors to again exceed prior-year figures
In the third quarter of the current fiscal year, Siemens AG expects continued strong profitability
at its Sectors with growth in new orders and revenue again exceeding the corresponding prior-year
figures. The last time Siemens posted a plus in both orders and revenue was in the fourth quarter
of fiscal 2008. Driving this positive development in the third quarter of 2010 were, among other
things, a recovery in the companys short-cycle businesses and strong demand in the emerging
countries, explained CFO Joe Kaeser at the Energy Sectors Capital Market Days. He added that, due
to continuing cost productivity in the third quarter, total Sectors profit was likely to closely
approach the results from operations in the strong previous quarter while including no significant
one-time effects. In the second quarter of the current fiscal year, Siemens reported total Sectors
profit of some 2.1 billion. However, all third quarter projections reflect substantial currency
translation effects due to the strength of the U.S. dollar during the quarter.
The total
orders and revenue including the impact of currency effects
of the three Siemens
Sectors Industry, Energy and Healthcare in the third quarter of 2010 will probably exceed the
corresponding figures reported for both the prior year and the previous quarter. In the third
quarter of 2009, the total orders of Siemens three Sectors came to about 16.2 billion and total
revenue to about 17.4 billion. In the second quarter of fiscal 2010, new orders were roughly 17.1
billion and revenue about 17.5 billion.
The Industry Sector profited again in the third quarter of 2010 from improvements in the business
climate for its shorter-cycle activities. For example, Osram reported continued strong demand for
light-emitting diodes (LEDs). The car industrys interest in Osram products also continued to be
high. In the third quarter, both volume and profit at the Industry Sector will probably surpass the
prior-year figures. The profit of 783 million from operations in the previous quarter may even be
exceeded. Revenue is expected to be above the previous-quarter figure of about 8.3 billion. New
orders will also probably be above the previous-quarter figure of roughly 8.0 billion.
Third-quarter revenue and profit at the Energy Sector will both probably be slightly below the
prior-year level. In the third quarter of fiscal 2009, the Sector reported profit of 863 million
on revenue of some 6.4 billion. New orders will probably exceed the prior-year figure of roughly
6.9 billion and, thereby, also be considerably above the previous-quarter figure of about 6.1
billion.
In the Healthcare Sector, the implementation of the U.S. healthcare reform is reducing demand
backlog somewhat. This development is expected to have a positive impact on growth at the Imaging &
IT Division, in particular. Sector profit will probably be significantly above the prior-year
figure of 270 million and at about the same level as in the previous quarter, when it totaled
492 million. Third-quarter revenue and new orders are expected to be above the corresponding
figures for both the prior year and the previous quarter. In the second quarter of fiscal 2010, new
orders came to about 2.9 billion and revenue to roughly 3 billion. Unlike in the previous two
quarters, positive effects from currency hedging will probably no longer be noticeable at the
Sector in the third quarter.
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Below the Sector level, Siemens expects its Equity Investments to make a negative contribution
to profit in the third quarter. Siemens IT Solutions and Services (SIS) is operating in a very
difficult environment. SIS is expected to report negative earnings for the third quarter.
Siemens AG (Berlin and Munich) is a global powerhouse in electronics and electrical
engineering, operating in the industry, energy and healthcare sectors. For over 160 years, Siemens
has stood for technological excellence, innovation, quality, reliability and internationality. The
company is the worlds largest provider of environmental technologies, generating 23 billion
nearly one-third of its total revenue from green products and solutions. In fiscal 2009, which
ended on September 30, 2009, revenue totaled 76.7 billion and net income 2.5 billion. At the end
of September 2009, Siemens had around 405,000 employees worldwide. Further information is available
on the Internet at: www.siemens.com.
This document contains forward-looking statements and information that is, statements related to
future, not past, events. These statements may be identified by words such as expects, looks
forward to, anticipates, intends, plans, believes, seeks, estimates, will, project
or words of similar meaning. Such statements are based on the current expectations and certain
assumptions of Siemens management, and are, therefore, subject to certain risks and uncertainties.
A variety of factors, many of which are beyond Siemens control, affect Siemens operations,
performance, business strategy and results and could cause the actual results, performance or
achievements of Siemens to be materially different from any future results, performance or
achievements that may be expressed or implied by such forward-looking statements. For Siemens,
particular uncertainties arise, among others, from changes in general economic and business
conditions (including margin developments in major business areas and recessionary trends); the
possibility that customers may delay the conversion of booked orders into revenue or that prices
will decline as a result of continued adverse market conditions to a greater extent than currently
anticipated by Siemens management; developments in the financial markets, including fluctuations
in interest and exchange rates, commodity and equity prices, debt prices (credit spreads) and
financial assets generally; continued volatility and a further deterioration of the capital
markets; a worsening in the conditions of the credit business and, in particular, additional
uncertainties arising out of the subprime, financial market and liquidity crises; future financial
performance of major industries that Siemens serves, including, without limitation, the Sectors
Industry, Energy and Healthcare; the challenges of integrating major acquisitions and implementing
joint ventures and other significant portfolio measures; the introduction of competing products or
technologies by other companies; a lack of acceptance of new products or services by customers
targeted by Siemens; changes in business strategy; the outcome of pending investigations and legal
proceedings and actions resulting from the findings of these investigations; the potential impact
of such investigations and proceedings on Siemens ongoing business including its relationships
with governments and other customers; the potential impact of such matters on Siemens financial
statements; as well as various other factors. More detailed information about certain of the risk
factors affecting Siemens is contained throughout this report and in Siemens other filings with
the SEC, which are available on the Siemens website, www.siemens.com, and on the SECs
website, www.sec.gov. Should one or more of these risks or uncertainties materialize, or
should underlying assumptions prove incorrect, actual results may vary materially from those
described in the relevant forward-looking statement as expected, anticipated, intended, planned,
believed, sought, estimated or projected. Siemens does not intend or assume any obligation to
update or revise these forward-looking statements in light of developments which differ from those
anticipated.
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Siemens AG
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Media Relations: Dr. Marc Langendorf |
Corporate Communications and Government Affairs
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Telephone: (+49 89) 636-37035 |
Wittelsbacherplatz 2, 80333 Munich
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E-mail: marc.langendorf@siemens.com |
Germany
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Siemens AG |
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Wittelsbacherplatz 2, 80333 Munich |
Reference number: AXX201006.79 e |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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SIEMENS AKTIENGESELLSCHAFT |
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Date: June 29, 2010 |
/s/ |
Dr. Klaus Patzak |
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Name: |
Dr. Klaus Patzak |
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Title: |
Corporate Vice President and Controller |
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/s/ |
Dr. Stephan Heimbach |
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Name: |
Dr. Stephan Heimbach |
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Title: |
Corporate Vice President
Corporate Communications and
Government Affairs |
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