Siemens AG released strong earnings for its F-Q-4 and outlined plans to lower costs by EUR 6-B by Y 2014.
Siemens is set on making itself the most well-run and well-structured conglomerate in the world. That is something its rival, General Electric Co. NYSE: GE, cannot claim based on its past several years of results.
Siemens revenue for Q-4 rose 7% year-over-year to EUR 21.703-B, and orders rose 2% to EUR 21.495-B.
Siemens did particularly well in 2 sectors that are GE strongholds: Energy and Healthcare recorded higher fourth-quarter orders year-over-year, including strong demand at Fossil Power Generation and Diagnostics. Infrastructure & Cities saw orders fall from the prior-year level, which included a higher volume from large orders.
Click to View
Siemans Live Trading News Macro Charts the Latest Charting and News Technology, trade better faster, Runs on Your Desktop and your iPad , a Must for all Serious traders, firstname.lastname@example.org
Siemens results do not appear to have been hurt much by the global slowdown as it posted better results based on its most important measurements:
All Sectors reported revenue growth in the fourth quarter with tailwinds from currency translation effects. Energy and Healthcare posted double-digit increases on broad-based growth.
On a geographic basis, revenue rose in all 3 regions, led by 14% growth in the Americas. Emerging markets on a global basis grew 3% Y-Y, and accounted for EUR 7.416 billion, or 34%, of total revenue for the Quarter.
Paul A. Ebeling, Jnr.
Paul A. Ebeling, Jnr. writes and publishes The Red Roadmaster’s Technical Report on the US Major Market Indices, a weekly, highly-regarded financial market letter, read by opinion makers, business leaders and organizations around the world.
Paul A. Ebeling, Jnr has studied the global financial and stock markets since 1984, following a successful business career that included investment banking, and market and business analysis. He is a specialist in equities/commodities, and an accomplished chart reader who advises technicians with regard to Major Indices Resistance/Support Levels.