Siemens : raises earnings outlook for FY 2017

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Munich, January 31, 2017

After a strong start into the fiscal year, the Managing Board of Siemens AG decided today to raise the previous expectation for profit and EPS for fiscal 2017. Siemens raises the previous expectation for the profit margin of Industrial Business in the range of 10.5% to 11.5% to the range of 11.0% to 12.0%. Furthermore, Siemens raises the previous expectations for basic EPS from net income in the range of €6.80 to €7.20 to the range of €7.20 to €7.70.

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This document includes - in the applicable financial reporting framework not clearly defined - supplemental financial measures that are or may be alternative performance measures (non-GAAP- measures). These supplemental financial measures should not be viewed in isolation or as alternatives to measures of Siemens' net assets and financial positions or results of operations as presented in accordance with the applicable financial reporting framework in its Consolidated Financial Statements. Other companies that report or describe similarly titled alternative performance measures may calculate them differently. Explanations of financial measures used can be found in the Annual Report 2016 of Siemens AG (available at http://www.siemens.com/investor/pool/en/investor_relations/Siemens_AR2016.pdf), in particular in section A.2. Due to rounding, numbers presented throughout this and other documents may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures.

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