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  • Previous Rank63
  • Revenues ($M)$87,660
  • Revenue Percent Change-13.7%
  • Profits ($M)$8,338
  • Profits Percent Change14.4%
  • Assets ($M)$134,320
  • Employees348,000

Siemens, Europe’s largest industrial conglomerate, may finally be ready to emerge after three years of revenue declines and restructuring under CEO Joe Kaeser. The CEO started 2015 on the defensive, as investors criticized his $7.6 billion purchase of oilfield equipment maker Dresser-Rand. Those worries proved well-grounded, at least in the short run. Kaeser had to make two big job cuts as the energy sector downturn went on, slashing 12,300 employees, or about 3% of the workforce. Profits in its fiscal second quarter shrunk to 2007 levels. But then things began to look up. Siemens won a $9 billion turbine deal from Egypt, oil prices appeared to level off, and Kaeser announced a major stock buyback. Revenue in the final quarter of the year rose 8%. But with oil prices volatile again and trouble in the Chinese economy, Siemens will face challenges again in 2016.

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Company Information

CEO
Josef Kaeser
Sector
Industrials
Industry
Electronics, Electrical Equip.
HQ Location
Munich, Germany
Employees348,000
Websitehttp://www.siemens.com
Years on Global 500 List22
Figures prepared in accordance with International Accounting Standards. Figures are for fiscal year ended Sept. 30, 2015.

Siemens Rank History

Key Financials (last fiscal year)

($ Millions)% change
Revenues ($M)$87,660-13.7%
Profits ($M)$8,33814.4%
Assets ($M)$134,320-
Total Stockholder Equity ($M)$38,476-

Profit Ratios

Profit as % of Revenues9.5%
Profits as % of Assets6.2%
Profits as % of Stockholder Equity21.7%