Siemens 2007 Annual Report Download - page 126

126 Management’s discussion and analysis
Siemens Building Technologies (SBT)
SBT increased Group profi t in fi scal 2007 by 59%, to €354 million, demonstrat-
ing increased emphasis on its higher-margin businesses in products and services
and improved execution including more selective order intake in its solutions
business. The Group’s fi re safety and heating, ventilation and air conditioning
businesses made the largest contributions to Group profi t. Earnings margins rose
on a Groupwide basis as well, strengthening Group profi t margin for SBT overall
by well over two percentage points.
Orders of €5.350 billion grew modestly, rising 2% compared to fi scal 2006, in
part due to adverse currency translation effects and slowing construction growth
in the U.S., but also as a result of selective order intake. Revenue rose 6% year-
over-year, to €5.062 billion, with SBT’s largest markets in Europe, the Americas
and Germany all contributing solid increases in external revenue compared to fi s-
cal 2006. SBT closed among others the acquisition of an Indian system provider in
fi scal 2007 and the acquisition of Bewator in Sweden in fi scal 2006, each bringing
the Group new capabilities in building and infrastructure security.
Year ended September 30,
% Change
(€ in millions) 2007 2006 Actual Adjusted*
Group profi t 354 223 59%
Group profi t margin 7.0% 4.6%
New orders 5,350 5,235 2% 5%
Total revenue 5,062 4,796 6% 8%
External revenue 4,952 4,695 5%
Therein:
Germany 972 935 4%
Europe (other than Germany) 1,885 1,768 7%
Americas 1,715 1,641 5%
Asia-Pacifi c 251 250 0%
Africa, Near and Middle East, C.I.S. 129 101 28%
* Excluding currency translation effects of (3)% and (4)% on revenue and orders, respectively, and portfolio
effects of 1% on revenue and orders.