Siemens' U.S. Sales and Orders Reflect Steady Gains in First Quarter 2000 - Company Financial Information

Cambridge Telcom Report, Jan 31, 2000

Siemens' U.S. business units recorded high increases in both sales and orders for the first quarter of fiscal 2000 (10/1/99-12/31/99), driven by strong market demand.

Sales for the first quarter jumped 19 percent to $3.72 billion over the corresponding 1998 figure of $3.13 billion. Among the units showing particularly strong three-month sales over the same period last year was Infineon Technologies (with a 156 percent increase), which benefited from the rebound of the semiconductor market, as well as from the first-time consolidation of its White Oak production facilities.

Siemens ElectroCom (a supplier of postal automation systems) is up 144 percent, due primarily to successful project completions and revenues from new business. Siemens Westinghouse Power Corporation posted a 20 percent increase in sales, the result of continuing strong market growth.

Orders for Siemens' U.S. business units rose 25 percent to $4.27 billion for the first quarter over the first quarter 1998 figure of $3.42 billion.

Employment declined to 60,800 at the end of the first quarter 2000 compared with 64,200 for the same period last year, mainly due to the sale of Siemens Electromechanical Components, Vacuumschmelze Corporation, and Siemens Passive Electronic Devices, which altogether added 3,000 employees to last year's number.

* First Quarter 10/1/99 - 12/31/99 10/1/98 - 12/31/98 * Sales $3.72 billion $3.13 billion * Orders $4.27 billion $3.42 billion * Employees 60,800 64,200

Siemens is an industry leader in telecommunications; energy and power; lighting and precision materials; industry and automation; and healthcare, and a key player in microelectronics and components; transportation; information systems and other products. Siemens AG, based in Berlin and Munich, is one of the world's largest electrical engineering and electronics companies and employs approximately 443,000 people worldwide in 193 countries.