MUNICH, Germany—Siemens AG recorded increasing overall sales and income, and scored improvements in its wireless infrastructure business.
“We achieved a great deal in an eventful year, particularly in shaping Siemens for profitable growth,” said Siemens chief Klaus Kleinfeld. “We executed a major part of our strategic reorientation of Information and Communications and Logistics and Assembly Systems while building on our strengths with focused acquisitions in energy, industrial automation, and healthcare.”
Siemens, a German conglomerate that makes everything from electronics to railway cars to medical equipment, posted overall income from continuing operations of $821 million in the fourth quarter, up from the $638 million it recorded in the same quarter a year ago. The company’s overall sales also increased over the period.
In Siemens’ Communications business, which houses the company’s wireless infrastructure operations, Siemens scored a 6 percent increase in sales, which the company attributed to growth in its carrier business, but the unit as a whole posted a loss due to declines in Siemens’ enterprise efforts.
Siemens’ stock was up around 3 percent on the news to $94.79 per share.
