Fourth quarter: Siemens’ financial performance is expected to continue to be significantly affected

Berlin learned from Siemens of Germany on August 7 and 6 that it maintained a good momentum of development under the uncertain market environment, and the adjusted EBITDA of entity business increased by 8% to 1.8 billion euro in the third quarter of fiscal year 2020. Siemens expects the economic impact of the epidemic will continue to significantly affect its financial performance in the fourth quarter. In addition, the development of macro economy and its impact on Siemens cannot be accurately evaluated. < p > < p > on the occasion of the financial report, Siemens said that the new outbreak will continue to bring uncertainty to the world in the fourth quarter. It expects the economic impact of the epidemic will continue to significantly affect its financial performance in the fourth quarter. In addition, it is still impossible to accurately assess Siemens’ macro-economic development. < p > < p > Siemens expects its revenue in fiscal year 2020 to decline slightly on a comparable basis. Excluding the impact of exchange rate changes and business mix, the order to ship ratio is still greater than 1. Weak market demand has a great impact on digital industry group and Intelligent Infrastructure Group. Siemens stressed that it would still complete the spin off and public listing of siemens energy within fiscal year 2020 as originally planned. Siemens expects that the spin off will bring benefits to the unsustainable business, but the amount cannot be accurately estimated. The company expects the spin off costs and tax expenses associated with Siemens Energy divestiture and new company formation to continue to have a material impact on net income. < / P > < p > in addition, Siemens also announced that it will complete the management committee team adjustment on October 1, 2020. From October 1, 2020, boleren will take full responsibility for the company’s fiscal year 2021; Kaisa will actively provide support during the transitional period, and will transfer the post of CEO to boleron after the end of the 2021 annual general meeting of shareholders. The management succession process of Siemens AG has been completed. From October 1, 2020, the new management committee team will lead the transformation of Siemens in the next stage under the leadership of Bole Ren.