Siemens: Munich group by numbers at the end of the Dax - Planned dividend disappoints investors

The outgoing Siemens boss Joe Kaeser says goodbye with a strong final quarter.

Despite Corona, the industrial giant has made a billion profit.

Munich -

made up most of the

losses

in the fourth quarter of its fiscal year

.

From July to September, the adjusted operating profit in the industrial business (Ebita) increased by ten percent to 2.6 billion euros, as the company announced on Thursday.

Thus cut

significantly better than analysts expected.

Thanks to the strong final

spurt

, the

heavyweight achieved an operating result of 7.6 million euros for the year as a whole and thus now just below the previous year's result of 7.8 billion.

In terms of sales, the company also held its own unexpectedly well, with a decline of two percent to 57.1 billion.

In addition, free cash inflows rose by ten percent to 6.4 billion euros for the year as a whole.

However, the net result dropped by around a quarter.

"After the spin-off from

and the sale of

, the new Siemens is excellently positioned to shape the huge industrial transformation," said long-time

boss

.

He is finally leaving at the end of February.

Siemens: Outgoing CEO Joe Kaeser draws a positive balance

Kaeser drew a positive balance of the strategic realignment under his leadership.

"The transition from a difficult to predict and opaque conglomerate to a focused company with clear responsibility was urgently needed".

The large-scale renovation was also honored on the stock exchange, said Kaeser in the virtual press conference on Thursday morning.

Since the profit warning in 2013, the total return for shareholders has been around 100 percent, calculated the outgoing

boss.  

Siemens: Group wants to pay a dividend of 3.50 euros

The

based company has been

confident

about the business year that has been running since October

.

Sales and net earnings should therefore increase moderately.

The group thus describes an increase of between three and five percent.

For the past financial year, the group is planning a dividend of EUR 3.50 per share after EUR 3.90 in the previous year.

Adjusted for the market value of

Energy, the distribution would remain the same, the company said.

The dividend plans and the decline in net income did not go down well with investors.

In the morning, Siemens shares fell 4.1 percent and thus fell to the end of the Dax.