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25.01.2011 14:40
© Siemens
In the first quarter of fiscal 2011, Siemens maintained the positive growth trend of the previous quarters, with a strong 19 percent increase in new orders year-over-year. Revenue also rose sharply by 12 percent. Income from continuing operations reached a record level, increasing 17 percent on strong development in the company’s short-cycle industry activities and power plant business, announced from the company.
“Capital-efficient growth is our aspiration. We have lived up to it. Orders and revenue grew in all regions, particularly in emerging markets. From this our business in Germany benefits as well. We delivered excellent bottom-line performance and are fully on track to reach the targets we set for fiscal 2011,” said Siemens President and CEO Peter Löscher. The company confirmed its targets for the current fiscal year 2011 (ends September 30).
In the first quarter of fiscal 2011, which ended on December 31, 2010, new orders soared to EUR 22.588 billion, a 19 percent increase over the comparable period a year earlier. Revenue increased 12 percent to EUR 19.489 billion. Benefiting from positive currency translation effects in the reporting period, new orders and revenue exceeded prior-year levels for the third successive quarter. The company’s book-to-bill ratio in the first quarter was 1.16. At the end of December 2010, the combined order backlog of Siemens’ three Sectors totaled EUR 92 billion, compared to EUR 87 billion at the end of September 2010.
All three Siemens Sectors – Industry, Energy and Healthcare – contributed to order and revenue growth. At the Industry Sector, new orders rose 22 percent and revenue 13 percent year-over-year, led by the Industry Automation and Drive Technologies Divisions. At the Energy Sector, new orders climbed 27 percent and revenue 14 percent, with the surge in new orders driven primarily by the Fossil Power Generation Division and the increase in revenue growth especially by the Renewable Energy Division.
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