DGAP-Ad-hoc: Siemens Aktiengesellschaft / Key word(s): Change in Forecast Siemens Aktiengesellschaft: Siemens raises earnings outlook for FY 2017 31-Jan-2017 / 20:07 CET/CEST Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Munich, January 31, 2017 Disclosure of an inside information according to Article 17 MAR Siemens raises earnings outlook for FY 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 EUR6.80 to EUR7.20 to the range of EUR7.20 to EUR7.70. Disclaimer This document contains statements related to our future business and financial performance and future events or developments involving Siemens that may constitute forward-looking statements. These statements may be identified by words such as "expect," "look forward to," "anticipate" "intend," "plan," "believe," "seek," "estimate," "will," "project" or words of similar meaning. We may also make forward-looking statements in other reports, in presentations, in material delivered to shareholders and in press releases. In addition, our representatives may from time to time make oral forward-looking statements. Such statements are based on the current expectations and certain assumptions of Siemens' management, of which many are beyond Siemens' control. These are subject to a number of risks, uncertainties and factors, including, but not limited to those described in disclosures, in particular in the chapter Risks in the Annual Report. Should one or more of these risks or uncertainties materialize, or should underlying expectations not occur or assumptions prove incorrect, actual results, performance or achievements of Siemens may (negatively or positively) vary materially from those described explicitly or implicitly in the relevant forward-looking statement. Siemens neither intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated. 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. Contact: Sabine Reichel Head of Siemens Investor Relations Wittelsbacherplatz 2 80333 Munich +49 (0) 89-636-35755 [email protected] --------------------------------------------------------------------------- 31-Jan-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: Siemens Aktiengesellschaft Wittelsbacherplatz 2 80333 München Germany Phone: +49 (0)89 636-00 Fax: +49 (0)89 636-1332474 E-mail: [email protected] Internet: www.siemens.com ISIN: DE0007236101 WKN: 723610 Indices: DAX, EURO STOXX 50, Listed: Regulated Market in Dusseldorf, Frankfurt (Prime Standard); Regulated Unofficial Market in Tradegate Exchange End of Announcement DGAP News Service --------------------------------------------------------------------------- 540553 31-Jan-2017 CET/CEST