Siemens proves operational performance in first quarter Strong and balanced organic growth01/25/2008 | In presenting its first-quarter figures for fiscal 2008, Siemens once again proved its operational performance. Group profit from Operations rose 16% year-over-year to ˆ1.719 billion from ˆ1.485 billion in the prior-year period. Net income was ˆ6.475 billion compared to ˆ788 million in the first quarter a year earlier, reflecting in particular a gain of approximately ˆ5.4 billion related to the sale of Siemens’ automotive business. Siemens achieved strong and balanced organic growth for the quarter. Excluding the net effect of portfolio transactions and currency translation, both revenue and orders rose 8% compared to the prior-year quarter. Revenue in the first quarter was ˆ18.400 billion, compared to ˆ16.729 billion in the prior year, and orders were at ˆ24.242 billion, compared to ˆ22.244 billion in the same period a year earlier. |
Siemens AG (Berlin and Munich) is a global powerhouse in electronics and electrical engineering, operating in the industry, energy and healthcare sectors. The company has around 400,000 employees (in continuing operations) working to develop and manufacture products, design and install complex systems and projects, and tailor a wide range of solutions for individual requirements. For over 160 years, Siemens has stood for technical achievements, innovation, quality, reliability and internationality. In fiscal 2007, Siemens had revenue of ˆ72.4 billion and income from continuing operations of ˆ3.9 billion (IFRS). Further information is available on the Internet at: www.siemens.com.
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