Earnings Release Munich, July 25, 2007 Effective with the first quarter of fiscal 2007, Siemens prepares its primary financial reporting according to International Financial Reporting Standards (IFRS) on a retroactive basis. Siemens in the third quarter of fiscal 2007 (ended June 30, 2007) • Orders were €22.147 billion, a 13% increase compared to the third quarter a year earlier, and revenue rose 8% year-over-year, to €20.176 billion. • Group profit from Operations for the quarter climbed 22% year-over-year, to €1.504 billion, despite negative equity investment income of €371 million related to Nokia Siemens Networks (NSN). • Income from continuing operations was €716 million, including the negative equity investment income related to NSN. For comparison, income from continuing operations of €1.341 billion in the third quarter a year earlier benefited from a substantial, non- recurring positive effect at Corporate Treasury. • Net income was €2.065 billion and basic earnings per share (EPS) were €2.25, compared to €1.344 billion and €1.45, respectively, in the third quarter a year earlier. Discontinued operations contributed €1.349 billion to net income in the current quarter, primarily due to a gain resulting from the transfer of assets into NSN. • On a continuing basis, free cash flow in the third quarter increased to €908 million compared to €850 million in the prior-year period, despite payment of €419 million related to a previously disclosed European Commission antitrust investigation. 1 / 17 Siemens AG Reference number: AXX200707.104 e Corporate Communications Wolfram Trost Media Relations 80312 Munich 80312 Munich Tel.: +49 89 636-34794 Fax: -32825 E-mail:
[email protected] WorldReginfo - 72464a2b-aa2d-4c45-ba73-7e05b9939c63 “Siemens’ third quarter demonstrates that the company is on track, and we are off to a good start on our Fit for 2010 program,” said Peter Löscher, who joined Siemens as CEO at the beginning of the fourth quarter.