Siemens share price

Siemens share price
Stock market trend (XETRA closing prices, Frankfurt, in euros)
200
Low: 32.05
indexed
High*: 68.60
Siemens
180
DAX
Dow Jones Stoxx
160
140
120
100
80
Nov.
Jan.
2003
March
May
July
Sept.
Nov.
Jan.
2004
*as of January 19, 2004
Key figures – Fiscal 2003
in billions of euros
Percentage
change
2003
2002
Net income
2.445
1.661* + 47
Group profit
4.295
3.756
New orders
75.056
86.214
- 5**
Sales
74.233
84.016
- 4**
5.712
5.564
Net cash provided by
operating activities
* excl. €936 million from sales of Infineon shares
** Adjusted for currency effects and portfolio activities
+ 14
+3
Employees (I)
2003*
2002*
Change
Worldwide
417,000
426,000
- 9,000
Germany
170,000
175,000
- 5,000
Outside
Germany
247,000
251,000
- 4,000
* September 30
Employees (II)
2% reduction worldwide
Success in training and placement
5,000 new hires in Germany
12,000 in training programs
Operation 2003 (I)
8 of 9 Groups
achieved targets
Margin targets
Q4 03 FY 03
Target
PG
Power Generation
11.3
16.8
10 – 13
Med
Medical Solutions
14.0
15.1
11 – 13
A&D
Automation & Drives
10.5
9.6
11 – 13
10.3
9.8
10 – 11
Osram
PTD
Power Transmission and Distr.
7.4
6.1
5–7
TS
Transportation Systems
5.5
6.0
5–7
SV
Siemens VDO Automotive
5.8
5.0
5–6
SFS*
Siemens Financial Services
20.5
24.9
18 – 22
SBT
Siemens Building Technologies
2.7
2.0
7–9
*) Return on shareholders' equity before income taxes
Operation 2003 (II)
Power Generation
Demag Delaval successfully integrated
Alstom industrial turbines round out
product range
Offerings for oil & gas industry
expanded
Operation 2003 (III)
Siemens VDO Automotive
Exemplary integration of VDO
A leader in driver information systems,
airbag controls and gasoline injectors
Among the top players in navigation
and diesel injection systems
Rigorous cost and quality management
Margin targets fully achieved
Operation 2003 (IV)
Information and Communications
IC Mobile and SBS back in the black
since 2002
IC Networks back in the black in Q4
of 2003
Capacity adjustments and innovations
Record cell phone sales in Q1 of 2004
New cell phones (I)
U1
5
55
T
S
S 55
SX1
A52
U1
0
Fashion
EUR/APAC
CL50
S57
SL55
Xelibri 1-4
HIGH-END
CL55
Xelibri 5-8
ASIA
2
C6
A 60
A55
MC60
ENTRY
M55
US
SL56
C56 CT56 M46 S56 SX
6
5
A
56 M56
C60
New cell phones (II)
SL 55 –
The star
Operation 2003 (V)
Siemens Dematic
Provisions for old burdens
Postal automation reorganized
Pick-and-place machines
in the black
Integration in Siemens AG planned
Operation 2003 (VI)
Industrial Solutions and Services
Capacity adjustments
Restructuring
Back in the black in 2004
after two years of losses
Operation 2003 (VII)
Reduction of central costs
€1 billion cut in three years
„ Nearly half at Corporate headquarters
„ More than half at Group and Regional
headquarters
Operation 2003 – Summary
Group margin targets unchanged
8 Groups consolidating their success
6 Groups following suit
ICN
IC Networks*
ICM
Margin targets
Target
FY 03
- 5.1
8 – 11
IC Mobile
1.8
8 – 11
SBS
Siemens Business Services
0.2
5–6
I&S
Industrial Solutions and Services
- 1.0
4–6
SD
Siemens Dematic
- 8.4
7–9
SBT
Siemens Building Technologies
2.0
7–9
* + 2.9 in Q4
Siemens Management System
company programs
Innovation
Initiatives:
Customer focus
Initiatives:
Global
competitiveness
Initiatives:
Platform strategies
Winning new customers
Software initiative
Trendsetting technologies
Cross-selling initiative
Project management@Siemens
Worldwide manufacturing concept
Shared services
Asset management
Service initiative
Quality and process initiative
Existing
activities will be consolidated
"Go for profit and growth" (I)
Innovation program
Platform strategies
Examples: Medical Solutions
Automation & Drives
IC Networks
Trendsetting technologies
Examples: Medical Solutions
Transportation Systems
Siemens VDO Automotive
IC Networks / IC Mobile
"Go for profit and growth" (II)
Customer focus program
Target regions
Russia
Europe
China
USA
India
"One Siemens" –
Cross-Group offerings
Japan
"Go for profit and growth" (III)
Global competitiveness program
Global procurement
Exploit cost advantages in
„
„
„
„
Production
Software
Engineering
Administrative functions
Key figures – Q1 of fiscal 2004
in billions of euros
Q1 04
Q1 03
Net income
0.726
0.521
Group profit
1.361
1.097
New orders
20.490
20.145
Sales
18.329
18.845
0.064
- 0.695
Net cash*
* Excluding cash contributions for pension plans
Siemens – Global network of innovation
Robust business portfolio
Power of innovation
Global presence
Sound financial management
Corporate governance
Corporate responsibility