Siemens 2006 Annual Report Download - page 113

Automation and Control
Automation and Drives (A&D)
Beginning in fiscal 2006, A&D includes the Electronics Assembly Systems division on a
retroactive basis, to present a meaningful comparison with prior periods. The division was
formerly part of the Logistics and Assembly Systems Group (L&A), which was dissolved as of
the beginning of fiscal 2006.
A&D delivered Group profit of €1.572 billion, up 25% compared to the prior year even as the
Group made significant investments to build up distribution in major growth markets. Acqui-
sitions made late in fiscal 2005 and early fiscal 2006 contributed to earnings growth for the
year. Sales for fiscal 2006 overall rose 24%, to €12.848 billion, and orders climbed 32%, to
€14.108 billion, as the Group added acquired volume to organic growth on a Group-wide basis.
Demand was well distributed regionally, including topline growth in Asia-Pacific well above
50% year-over-year. In fiscal 2007, A&D will include the Wireless Modules division formerly
included in Com.
Year ended September 30,
% Change
(€ in millions) 2006 2005 Actual Adjusted*
Group profit 1,572 1,253 25%
Group profit margin 12.2% 12.1%
Sales 12,848 10,366 24% 9%
New orders 14,108 10,674 32% 13%
* Excluding currency translation effects of 2% on sales and orders, and portfolio effects of 13% and 17% on sales
and orders, respectively.
Management’s discussion and analysis 109
Management’s discussion and analysis