Financial Highlights (in Millions Of DM)
ssFinancial highlights (in millions of DM)199919981997New orders136,002119,601113,120Net ,60811,1743,9074,073(5,735)(7,211)Income after taxesbefore extraordinary itemsNet incomeAnnual Report 1999after extraordinary itemsNet cash providedNet cash used ininvesting activities10,2409,1228,132Shareholders’ equity (September 30)33,64030,29228,407443416386Annual Report 1999us.Order No. A19100-F-V040-X-7600Research anddevelopment expensesEmployees (in thousands)CountonSiemens Aktiengesellschaft(9,051)Stock market information (in , unless otherwise indicated)1999Stock price development (indexed)19981997210Stock price range(1)(October 1 – September d (September r of shares (in millions)Market capitalization (in millions of )170150130(September 30)110Per-share data90DVFA/SG(2) earnings per share (new)2.631.38DVFA/SG(2) earnings per share (old)3.172.242.38Dividend1.00 (3)0.770.7710/1/98(1)XETRA or IBIS closing prices, FrankfurtGerman Society of Investment Analysts and Asset Managers(3)To be proposed at the Annual Shareholders’ Meeting(2)Siemens9/30/99Dow Jones STOXX DAX
ssFinancial highlights (in millions of DM)199919981997New orders136,002119,601113,120Net ,60811,1743,9074,073(5,735)(7,211)Income after taxesbefore extraordinary itemsNet incomeAnnual Report 1999after extraordinary itemsNet cash providedNet cash used ininvesting activities10,2409,1228,132Shareholders’ equity (September 30)33,64030,29228,407443416386Annual Report 1999us.Order No. A19100-F-V040-X-7600Research anddevelopment expensesEmployees (in thousands)CountonSiemens Aktiengesellschaft(9,051)Stock market information (in , unless otherwise indicated)1999Stock price development (indexed)19981997210Stock price range(1)(October 1 – September d (September r of shares (in millions)Market capitalization (in millions of )170150130(September 30)110Per-share data90DVFA/SG(2) earnings per share (new)2.631.38DVFA/SG(2) earnings per share (old)3.172.242.38Dividend1.00 (3)0.770.7710/1/98(1)XETRA or IBIS closing prices, FrankfurtGerman Society of Investment Analysts and Asset Managers(3)To be proposed at the Annual Shareholders’ Meeting(2)Siemens9/30/99Dow Jones STOXX DAX
CORPORATE STR UCTURESiemens financial calendar*Interim report October to DecemberJan. 24, 2000Managing BoardAnnual Shareholders’ Meetinguntil 3/31/99:Heinrich v. Pierer, Dr. jur. Dr.-Ing. E. h.President andChief Executive OfficerVolker Jung, Dr. Eng. h. c.Heinz-Joachim NeubürgerJürgen RadomskiRoland KochSpecial responsibilities: ICN, ICP, SBS, InfineonAfrica, Middle East, C.I.S.FinanceSpecial responsibilities: SFS, SIMSpecial responsibilities: Med, Osram, ELEuropeClaus Weyrich, Prof. Dr. phil.Planning and DevelopmentSpecial responsibilities:UK, WPAEdward G. Krubasik, Dr. rer. nat.Peter Pribilla, Prof.Günter Wilhelm, Dr.-Ing. E. h.Special responsibilities: A&D, ATD, PL, SBT, VT,AT, TechnologyHuman ResourcesSpecial responsibilities: IK, MCPthe AmericasSpecial responsibilities: KWU, EVAsia, AustraliaOperationsEnergyICNTechnologyKlaus Wucherer, Dr.-Ing.A&D(from 8/1/99)Financing and Real EstateIndustryInformation and CommunicationsAutomation and Drives(A&D)Information andCommunication Networks (ICN)Medical Engineering(Med)Siemens Financial Services(SFS)Klaus VogesAndreas KleyNorbert KönigRandy H. ZwirnKlaus Wucherer, Dr.-Ing.Johannes FeldmayerAnton HuberHans M. StrehleRoland KochHans-Walter BernsauAnthony MaherWerner SchmückingJost A. SpielvogelErich R. Reinhardt, Prof. Dr.-Ing.Robert Kugler, Dr. techn.Götz SteinhardtHerbert Lohneiß, Dr. rer. nat.Industrial Projects andTechnical Services (ATD)Uriel J. Sharef, Dr. rer. pol.Hans-Jürgen Schloß, Dr.-Ing.Konrad PernstichJohn SchubertUdo N. Wagner, Dr. rer. oec.Production and LogisticsSystems (PL)Manfred v. RavenAlfred FrankSiemens BuildingTechnologies AG (SBT)Oskar K. RonnerRolf RenzInformation andCommunication Products (ICP)Rudi LamprechtHelmuth von DeimlingHans-Joachim KohlsdorfSiemens Business ServicesGmbH & Co. OHG (SBS)Friedrich Fröschl, Dr. rer. nat.Michael KutschenreuterSemiconductors (from 4/1/99 Infineon)Transportation Systems(VT)Herbert H. SteffenHans-Dieter BottThomas GanswindtHans M. SchabertAutomotive Systems(AT)Franz Wressnigg, Dr.-Ing.Jürgen MacheFeb. 24, 2000Ex-dividend dateFeb. 25, 2000until 9/30/99:Adolf HüttlSemiannual Report andKWUCorporate DepartmentsSemiannual Press ConferenceApr. 27, 2000Interim report October to JuneJuly 26, 2000Preliminary figures for fiscal yearLightingOsram GmbHWolf-Dieter Bopst, Dr. oec. publ.Jörg Schaefer, Dr.-Ing.Thomas Seeberg, Dr. rer. pol.ComponentsInfineon Technologies AG(from 4/1/99)Ulrich Schumacher, Dr.-Ing.Peter BauerPeter FischlSönke Mehrgardt, Dr. rer. nat.Andreas v. Zitzewitz, Dr.-Ing.Siemens Real EstateManagement (SIM)Peter Niehaus, Prof.Dieter BrieseJochen Scharpe, Dr. rer. pol.Finance (ZF)Annual Press ConferenceHeinz-Joachim NeubürgerCharles HerlingerHerbert Lohneiß, Dr. rer. nat.Karl Heinz MidunskyAlbrecht Schäfer, Dr. jur.Annual Shareholders’ MeetingHuman Resources (ZP)Peter Pribilla, Prof.Günther G. GothTechnology (ZT)Claus Weyrich, Prof. Dr. phil.Horst Fischer, Dr. rer. nat.Planning and Development (ZU)Heinrich v. Pierer, Dr. jur.Dr.-Ing. E.h.Reinhart BubendorferHansjörg Franzius, Dr.-Ing.Michael Mirow, Prof. Dr. rer. pol.Corporate OfficesEPCOS AG*Transpor tationOlympiahalle, Munich, 10:00 a.m.Nov. 8, 2000Health CarePower Generation(KWU)Power Transmission andDistribution (EV)Ulrich Schumacher, Dr.-Ing.(publicly listed since 10/15/99,12.5 % Siemens-owned)Klaus ZieglerBodo Lüttge, Dr. oec. publ.Gerhard PegamKunihisa TachiiriSiemens ElectromechanicalComponents GmbH & Co. KG*(to be sold to Tyco Internationaleffective 10/1/99)Volkhart P. MatthäusHelmut BrauneisProcurement and Logistics (EL)Erich Hautz, Dr. rer. comm.Information andCommunication Structures (IK)Chittur RamakrishnanManagement ConsultingPersonnel (MCP)Karl-Heinz Sämann, Dr.-Ing.Corporate Communications (UK)Eberhard Posner, Dr. rer. oec.Economics andCorporate Relations (WPA)Bernd Stecher, Dr. sc. pol.* no longer consolidatedRegional organizationRegional Offices, Regional Companies, Representative Offices, agenciesas of January 1, 2000for fiscal 2000* Preliminary datesDec. 14, 2000Feb. 22, 2001
CORPORATE STR UCTURESiemens financial calendar*Interim report October to DecemberJan. 24, 2000Managing BoardAnnual Shareholders’ Meetinguntil 3/31/99:Heinrich v. Pierer, Dr. jur. Dr.-Ing. E. h.President andChief Executive OfficerVolker Jung, Dr. Eng. h. c.Heinz-Joachim NeubürgerJürgen RadomskiRoland KochSpecial responsibilities: ICN, ICP, SBS, InfineonAfrica, Middle East, C.I.S.FinanceSpecial responsibilities: SFS, SIMSpecial responsibilities: Med, Osram, ELEuropeClaus Weyrich, Prof. Dr. phil.Planning and DevelopmentSpecial responsibilities:UK, WPAEdward G. Krubasik, Dr. rer. nat.Peter Pribilla, Prof.Günter Wilhelm, Dr.-Ing. E. h.Special responsibilities: A&D, ATD, PL, SBT, VT,AT, TechnologyHuman ResourcesSpecial responsibilities: IK, MCPthe AmericasSpecial responsibilities: KWU, EVAsia, AustraliaOperationsEnergyICNTechnologyKlaus Wucherer, Dr.-Ing.A&D(from 8/1/99)Financing and Real EstateIndustryInformation and CommunicationsAutomation and Drives(A&D)Information andCommunication Networks (ICN)Medical Engineering(Med)Siemens Financial Services(SFS)Klaus VogesAndreas KleyNorbert KönigRandy H. ZwirnKlaus Wucherer, Dr.-Ing.Johannes FeldmayerAnton HuberHans M. StrehleRoland KochHans-Walter BernsauAnthony MaherWerner SchmückingJost A. SpielvogelErich R. Reinhardt, Prof. Dr.-Ing.Robert Kugler, Dr. techn.Götz SteinhardtHerbert Lohneiß, Dr. rer. nat.Industrial Projects andTechnical Services (ATD)Uriel J. Sharef, Dr. rer. pol.Hans-Jürgen Schloß, Dr.-Ing.Konrad PernstichJohn SchubertUdo N. Wagner, Dr. rer. oec.Production and LogisticsSystems (PL)Manfred v. RavenAlfred FrankSiemens BuildingTechnologies AG (SBT)Oskar K. RonnerRolf RenzInformation andCommunication Products (ICP)Rudi LamprechtHelmuth von DeimlingHans-Joachim KohlsdorfSiemens Business ServicesGmbH & Co. OHG (SBS)Friedrich Fröschl, Dr. rer. nat.Michael KutschenreuterSemiconductors (from 4/1/99 Infineon)Transportation Systems(VT)Herbert H. SteffenHans-Dieter BottThomas GanswindtHans M. SchabertAutomotive Systems(AT)Franz Wressnigg, Dr.-Ing.Jürgen MacheFeb. 24, 2000Ex-dividend dateFeb. 25, 2000until 9/30/99:Adolf HüttlSemiannual Report andKWUCorporate DepartmentsSemiannual Press ConferenceApr. 27, 2000Interim report October to JuneJuly 26, 2000Preliminary figures for fiscal yearLightingOsram GmbHWolf-Dieter Bopst, Dr. oec. publ.Jörg Schaefer, Dr.-Ing.Thomas Seeberg, Dr. rer. pol.ComponentsInfineon Technologies AG(from 4/1/99)Ulrich Schumacher, Dr.-Ing.Peter BauerPeter FischlSönke Mehrgardt, Dr. rer. nat.Andreas v. Zitzewitz, Dr.-Ing.Siemens Real EstateManagement (SIM)Peter Niehaus, Prof.Dieter BrieseJochen Scharpe, Dr. rer. pol.Finance (ZF)Annual Press ConferenceHeinz-Joachim NeubürgerCharles HerlingerHerbert Lohneiß, Dr. rer. nat.Karl Heinz MidunskyAlbrecht Schäfer, Dr. jur.Annual Shareholders’ MeetingHuman Resources (ZP)Peter Pribilla, Prof.Günther G. GothTechnology (ZT)Claus Weyrich, Prof. Dr. phil.Horst Fischer, Dr. rer. nat.Planning and Development (ZU)Heinrich v. Pierer, Dr. jur.Dr.-Ing. E.h.Reinhart BubendorferHansjörg Franzius, Dr.-Ing.Michael Mirow, Prof. Dr. rer. pol.Corporate OfficesEPCOS AG*Transpor tationOlympiahalle, Munich, 10:00 a.m.Nov. 8, 2000Health CarePower Generation(KWU)Power Transmission andDistribution (EV)Ulrich Schumacher, Dr.-Ing.(publicly listed since 10/15/99,12.5 % Siemens-owned)Klaus ZieglerBodo Lüttge, Dr. oec. publ.Gerhard PegamKunihisa TachiiriSiemens ElectromechanicalComponents GmbH & Co. KG*(to be sold to Tyco Internationaleffective 10/1/99)Volkhart P. MatthäusHelmut BrauneisProcurement and Logistics (EL)Erich Hautz, Dr. rer. comm.Information andCommunication Structures (IK)Chittur RamakrishnanManagement ConsultingPersonnel (MCP)Karl-Heinz Sämann, Dr.-Ing.Corporate Communications (UK)Eberhard Posner, Dr. rer. oec.Economics andCorporate Relations (WPA)Bernd Stecher, Dr. sc. pol.* no longer consolidatedRegional organizationRegional Offices, Regional Companies, Representative Offices, agenciesas of January 1, 2000for fiscal 2000* Preliminary datesDec. 14, 2000Feb. 22, 2001
05-10 Sie GB e 99-12-0316.12.199915:39 UhrSeite 5We dowhat we say.Sustainable growth in profitability is thegoal of the Ten-Point Program weannounced in the summer of 1998. Thisgoal governs all our strategies, operations and activities. It orients all ouracquisitions, partnerships and divestments toward putting our businesses atthe top. And it rigorously focuses all ourplanning, management and controllingon further increasing the value of theCompany. Ultimately, these efforts willculminate with the listing of Siemens inNew York.
05-10 Sie GB e 99-12-0316.12.199915:39 UhrSeite 6CONTENTSLETTER TO OUR SHAREHOLDERSBUSINESS SEGMENTS811OperationsPANORAMA31The networked hospital32Networked learning34Energy12Partners for tomorrow’s products36Industry14Opening doors with new ideas38Information and Communications18Health ing and Real EstateSiemens Financial Services28Siemens Real Estate Management29AffiliatesHousehold Appliances30
05-10 Sie GB e 99-12-0316.12.199915:39 UhrSeite 7INFORMATION FOR SHAREHOLDERS41CONSOLIDATED STATEMENT OF INCOME64REPORT OF THE SUPERVISORY BOARD42CONSOLIDATED BALANCE SHEET66Positions held by Supervisory Board members 45CONSOLIDATED STATEMENTPositions held by Managing Board members46OF CASH FLOWS68Statement of the Managing Board47SEGMENT INFORMATION70Independent auditors’ report47CHANGES IN SHAREHOLDERS’ EQUITY72NOTES TO CONSOLIDATED FINANCIALSTATEMENTS73AND ANALYSIS48Summary of significant accounting policies73Highlights48Accounting and valuation75Notes to statement of income78MANAGEMENT’S DISCUSSIONDivestments, joint venturesand acquisitions49Notes to balance sheet81Calculating EVA performance50Notes to statement of cash flows89Operations52Financing and Real Estate55PRINCIPAL SUBSIDIARIES ANDStatement of income55ASSOCIATED COMPANIES93Dividend57FIVE-YEAR SUMMARY96Cash flow statement58Balance sheet59Information resources98Risk management61Siemens financial calendar99Outlook62
05-10 Sie GB e 99-12-0316.12.199915:39 UhrSeite 88L E T T E R TO O U R S H A R EIn fiscal 1999, your Company made remarkableSince the beginning of fiscal 1998, a critical measureprogress toward ensuring sustainable growth in prof-of our progress toward sustainable growth and profitabil-itability, boosting sales 14% and achieving a 37% gain inity has been Economic Value Added, or EVA. This simplyearnings. We are now moving forward with confidencemeans that each business unit must earn a profit greaterto the challenges that still lie ahead of us.than its cost of capital. In this era of deregulation andglobalization, the only way our businesses can earn a con-Nothing succeeds like success, and we are pleasedthat you have entrusted your investment to us. We cansistently positive EVA is to hold top positions in worldmarkets. If we are not achieving this goal with a business,we have four clear options. Wesee how high your expectationsare just by looking every day atthe price of Siemens shares,which climbed over 90% in thefiscal year from October 1, 1998“We have the willto change and thecourage to act”can strengthen the business intwo ways, either throughstrategic acquisitions or byforging partnerships with othercompanies. Alternatively, weto September 30, 1999. In comparison, the DAX index of major German companies rosecan spin off a business that may find a better fit with25% during the same period. We are well aware that ouranother company. The fourth and final choice is simply toperformance was sometimes disappointing in past years,shut the doors. In other words: “Buy, cooperate, sell, orand this makes us redouble our efforts to earn your trust.close.”In view of last year’s positive results and our firm conviction that we can do even better, we intend to proposeWe are satisfied with the changes in our businessan increased dividend of 1 at the Annual Shareholders’portfolio that we have accomplished so far. The acquisi-Meeting next February.tions of the Westinghouse fossil fuel power plant and service business and the Elektrowatt building technologiesWhat lies behind the success of last year? We put inbusiness have proven themselves. In both these markets,place a timetable that allows for “no ifs, ands, or buts:”we now hold a leading position. We have strengthenedour Ten-Point Program. It contains specific measures inour know-how in Internet technologies with new acquisi-three areas: reorienting our business portfolio, applyingtions in the U.S. broadband communications market.a set of binding management tools, and preparing to listJoint ventures with Fujitsu in computer hardware andSiemens in New York. With this program, we are nowwith Voith in hydroelectric power generation ensure thereaping the fruits of previous years’ efforts.long-term viability of our business activities in theseindustries. The public listing of EPCOS AG, in which we
05-10 Sie GB e 99-12-0316.12.199915:39 UhrSeite 99HOLDERSspun off the core activities of our Passive ComponentsThis enterprise-wide commitment is one of the chiefand Electron Tubes Group, was very successful. We alsoreasons that our success in fiscal 1999 extended to virtu-reached agreements to sell our Electromechanicalally every corner of the Company. Particularly striking isComponents business as well as Siemens Nixdorf Retailthe case of Medical Engineering, which was making aand Banking Systems, which will operate under the nameloss just two years ago but has now advanced to becomeWincor Nixdorf.one of our top five earnings performers. In contrast,special efforts are still needed to return TransportationWe look forward to the public listing of our semicon-Systems and Power Generation (KWU) to profitability.ductor business, now called Infineon Technologies AG,in the spring of 2000. We will initially retain a majorityholding in the new company.The third broad challenge posed by our Ten-PointProgram is listing Siemens in New York in fiscal 2001. Wehave been preparing our people, systems and processesThe second major thrust of our Ten-Point Program, anfor this move for several years now, and are right onextensive reorientation of our five-year-old top programour schedule to achieve the scope and transparency inentitled top , entails the consistent yet flexible applica-our financial reporting that is required under generallytion of management tools in keeping with our focus onaccepted accounting principles (GAAP) in the U.S.EVA. Mandatory for each business, they include comprehensive, Company-wide benchmarking, asset manage-What lies ahead? Above all, we will continue toment and quality improvement, as well as measures torigorously implement our Ten-Point Program until we haveboost productivity and ensure profitable growth. Thesecompleted the listing of our Company in New York. Ninetools are complemented by the systematic sharing ofof our operating Groups achieved a positive EVA inbest practices: each Siemens business learns from thefiscal 1999, and our goal is to achieve the same result forothers. We are also continuing to reshape our corporateSiemens as a whole in fiscal 2001 at the latest.culture, particularly in the areas of management andcooperation.
05-10 Sie GB e 99-12-031016.12.199915:39 UhrSeite 10– Letter to our shareholdersOur employees and management are profiting fromThe Internet and our worldwide corporate intranetour success. Up to 60% of their compensation is nowalso help ensure effective management of Companyvariable, tied to our performance as a company and theirknowledge by intensifying and streamlining communica-contributions as individuals. As a result, everyone at thetion across all operations and borders. As a result, weCompany feels both the positive – and the negative –learn faster and can better focus our innovative strengthconsequences of their efforts much more directly thanon developing new products and services.in the past.The character of your Company changes and becomesWith gratitude I note that our people are demonstrat-more multifaceted with each acquisition and joint venture.ing tremendous loyalty and commitment as they workGone are the days when Siemens was an inscrutabletoward accomplishing the necessary structural changesbehemoth. Your Company is evolving into a highly flexible,at Siemens. I’m sure there are times when some wishtransparent and profitable community of growth-orientedI would announce that the Ten-Point Program, with itsbusinesses capable of making their mark on the electricaldivestments, spin-offs and joint ventures, has finally beenengineering and electronics industry.completed and the Company can sit back and relax. Butthat time will never come. Siemens is a living organism,and optimization of our business portfolio is a never-As we clearly demonstrated this past year, we havethe will to change and the courage to act.ending task.What are our next steps? The gains from our recentdivestments will be used selectively to strengthenbusinesses in critical areas such as our Information andCommunications and Industry segments. Mobile commu-Heinrich v. Pierernications, Internet-oriented products, and processPresident and Chief Executive Officerautomation are examples of fields where we must getSiemens AGstronger.We are also planning to expand our services business,a sector which has comparatively low capital requirements but shows great growth potential and helpsgenerate jobs. Stand-alone and product-related servicesnow comprise roughly a quarte
Interim report Octoberto December Jan.24, 2000 Annual Shareholders’Meeting Olympiahalle,Munich,10:00 a.m. Feb.24, 2000 Ex-dividend date Feb.25, 2000 Semiannual Report and Semiannual Press Conference Apr.27, 2000 Interim report Octoberto June July26, 2000 Preliminary figures forfiscal year Nov.8, 2000 Annual Press Conference Dec.14, 2000
1.12 Evolution d'Internet DATE NUMBER OF USERS % WORLD POPULATION INFORMATION SOURCE December, 1995 16 millions 0.4 % IDC March, 2000 304 millions 5.0 % Nua Ltd. March, 2005 888 millions 13.9 % Internet World Stats June, 2010 1,966 millions 28.7 % Internet World Stats Jun, 2011 2,110 millions 30.4 % Internet World St
Etisalat Group Q1 2021 Results Presentation FINANCIAL HIGHLIGHTS . 6 2. Financial Overview Karim Bennis Chief Financial Officer Etisalat Group. Egypt 7% Others 3% UAE 58% MT 28% Pakistan 4% Egypt 9% Others 3% UAE 57% MT 26% Pakistan 6% FINANCIAL HIGHLIGHTS ETISALAT GROUP FINANCIAL HIGHLIGHTS 7
Ten Millions Millions Hundred Thousands Ten Thousands Thousands Hundreds Tens Ones 100,000,000 10,000,000 1,000,000 100,000 10,000 1,000 100 10 1 millions thousands [ones] The Patterns to Millions chart shows that each digit in the number has a place value name. When we read a number, w
2 Interim Financial Report - Six-month period ended June 30, 2016 FINANCIAL HIGHLIGHTS Revenue (As of June 30 and December 31, EUR millions) Revenue by business group June 30, 2016 Dec. 31, 2015 (1) June 30, 2015(1) (EUR millions) Wines and Spirits 2,056 4,603 1,930 Fashion and Leather Goods 5,885 12,369 5,933 Perfumes and Cosmetics 2,337 4,671 .
Financial Empowerment 2 Financial education –strategy that provides people with financial knowledge, skills and resources Financial education builds an individual’s knowledge, skills and capacity to use resources and tools, including financial products and services leading to Financial Literacy Financial empowerment includes financial education and financial literacy –focuses .
Auto Trader's platform sets the business up to leverage the scale of both Auto Trader and Cox Automotive. Strategic highlights Financial highlights Operational highlights Cross platform visits Monthly average visits spent across all platforms (millions) 50.8m 3% Revenue m 368.9m 4% Operating profit m 258.9m 6% Advert views
elevator and lobby at the School of Dental Medicine. 2.67 Billion in Net Assets . . Tufts University . 2019 Financial Report . Key Financial Highlights (5-year trend) (in millions of dollars) 2015 . 2016 : . Tuition, fees, room and board, net of financial aid is
HIGHLIGHTS OF PRESCRIBING INFORMATION These highlights do not include all the information needed to use ESBRIET safely and effectively. See full prescribing information for ESBRIET. ESBRIET. ESBRIET (pirfenidone) capsules and film-coated tablets, for oral use Initial U.S. Approval: 2014 discontinuations may be required.
