Siemens 2005 Annual Report Download - page 94
Download and view the complete annual report
Please find page 94 of the 2005 Siemens annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84 -
85 -
86 -
87 -
88 -
89 -
90 -
91 -
92 -
93 -
94 -
95 -
96 -
97 -
98 -
99 -
100 -
101 -
102 -
103 -
104 -
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208
-
209
-
210
-
211
-
212
-
213
-
214
-
215
-
216
-
217
-
218
-
219
-
220
-
221
-
222
-
223
-
224
-
225
-
226
-
227
-
228
-
229
-
230
-
231
-
232
 |
 |
94
Fiscal 2005 – Results of Siemens
The following discussion presents selected information for Siemens for the fiscal years ended:
Orders for fiscal 2005 increased 11%, to €83.791 billion from €75.789 billion, on growing
demand particularly in Asia-Pacific and the Americas. Sales were €75.445 billion, a 7% increase
from €70.237 billion in the prior-year period. Excluding the net effects of acquisitions and dispo-
sitions and currency translation effects, sales were up 3% and orders rose 7%.
International sales and orders rose 11%, to €59.760 billion and €67.458 billion, respectively.
In Germany, sales declined 3% year-over-year, to €15.685 billion, while orders rose 8%, to €16.333
billion, due primarily to major orders at PG and outsourcing contracts at SBS. In Europe outside
Germany, sales for fiscal 2005 rose 7% year-over-year, to €24.429 billion, and orders were nearly
level, at €26.150 billion. Within the Americas, sales in the U.S. for the full year increased 10%, to
€14.686 billion, and orders rose 15%, to €15.867 billion, as growth from acquisitions more than
offset negative currency translation effects. Asia-Pacific sales of €10.057 billion were 12% higher
than in fiscal 2004, while orders climbed 23% year-over-year, to €11.918 billion. Within Asia-Paci-
fic, sales in China were up 19%, at €3.202 billion, while orders in China surged 40%, to €4.142
billion.
Gross profit as a percentage of sales in fiscal 2005 was 29.1% compared to 29.4% in the prior
year. Despite this overall margin decline, the majority of the Groups in Operations increased their
gross profit in fiscal 2005, led by TS, A&D, SV and I&S. Gross profit at TS in the prior year included
significantly higher charges in the Group’s rolling stock business. A&D improved gross profit
Management’s discussion and analysis
Fiscal 2005 – Results of Siemens
(€ in millions) 2005 2004
New orders 83,791 75,789
New orders in Germany 16,333 15,173
New international orders 67,458 60,616
Sales 75,445 70,237
Sales in Germany 15,685 16,223
International sales 59,760 54,014
(€ in millions) 2005 2004
Gross profit on sales 21,943 20,645
as percentage of sales 29.1% 29.4%