Siemens 2005 Annual Report Download - page 103

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Medical
Medical Solutions (Med)
Med contributed €976 million in Group profit in fiscal 2005. For comparison, Group profit in
fiscal 2004 included €118 million in gains from portfolio transactions early in the year, primarily
the sale of Med’s LSS business. Diagnostics imaging solutions led growth for the year, driven by
new innovative products and applications. Sales rose 8%, to €7.626 billion, and orders were up 6%
year-over-year, to €8.641 billion. In fiscal 2005, Med acquired CTI, its joint venture partner for
positron emission tomography (PET) systems. This transaction strengthens Med’s ability to dis-
cover, develop and deliver solutions in the growing field of molecular imaging.
Lighting
Osram
Osram’s Group profit in fiscal 2005 was €465 million, up 4% year-over-year despite rising
energy and materials costs. The Group responded with productivity increases and higher rev-
enues from high-end products used in advanced lighting applications. Sales rose to €4.300 billion
for the year despite negative currency translation effects.
Management’s discussion and analysis
Consolidated Financial Statements Notes to Consolidated Financial Statements
Year ended September 30,
% Change
(€ in millions) 2005 2004 Actual Adjusted*
Group profit 976 1,046 (7)%
Group profit margin 12.8% 14.8%
Sales 7,626 7,072 8% 9%
New orders 8,641 8,123 6% 8%
* Excluding currency translation effects of (2)% on sales and orders, and portfolio effects of 1% on sales.
Year ended September 30,
% Change
(€ in millions) 2005 2004 Actual Adjusted*
Group profit 465 445 4%
Group profit margin 10.8% 10.5%
Sales 4,300 4,240 1% 3%
New orders 4,300 4,240 1% 3%
* Excluding currency translation effects of (2)% on sales and orders.