Siemens 2009 Annual Report Download - page 160

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 Reports Supervisory Board /
Managing Board  Corporate Governance  Management’s discussion and analysis  Consolidated Financial Statements
44 Business and operating environment 63 Fiscal 2009 – Financial summary 66 Results of operations 84 Financial position
A deep downturn of Industry Automation’s large factory auto-
mation markets in fiscal 2009 took the Division’s revenue and
orders down 19% and 24%, respectively, compared to the prior
year. All three regions reported double-digit percentage declines,
with the strongest decrease in Europe, C.I.S., Africa, Middle East.
Despite successful cost-cutting efforts, profit fell 60% compared
to the strong prior year, burdened by lower capacity utilization
and a less favorable business mix. In the
fourth quarter, the Di-
vision took net severance charges of €24 million for capacity
adjustment measures. Profit in the prior year benefited from a
pre-tax net gain on a Divisional level of €125 million from the
sale of Industry Automation’s wireless modules business as
well as a gain of €38 million from the sale of another business.
Both periods under review included purchase price accounting
(PPA) effects from the acquisition of UGS Corp., acquired in fis-
cal 2007. PPA effects were €138 million in fiscal 2009 and €145
million a year earlier. Prior year profit also included integration
costs of €17 million. Effective with the beginning of fiscal 2010,
the Division’s low-voltage switchgear business is transferred
to the Building Technologies Division.
New Orders by Divisions
Year ended September , % Change therein
(in millions of €)   Actual Adjusted
Currency Portfolio
Industry Automation 6,766 8,945 (24)% (23)% 1% (2)%
Drive Technologies 6,511 9,425 (31)% (32)% 1% 0%
Building Technologies 5,884 6,333 (7)% (10)% 2% 1%
OSRAM 4,036 4,624 (13)% (13)% 2% (2)%
Industry Solutions 6,101 8,415 (27)% (28)% 0% 1%
Mobility 6,766 7,842 (14)% (14)% 0% 0%
1 Excluding currency translation and portfolio effects.
B25T009_E
Revenue by Divisions
Year ended September , % Change therein
(in millions of €) 2009 2008 Actual Adjusted Currency Portfolio
Industry Automation 7,039 8,699 (19)% (18)% 1% (2)%
Drive Technologies 7,526 8,434 (11)% (12)% 1% 0%
Building Technologies 5,934 5,984 (1)% (4)% 2% 1%
OSRAM 4,036 4,624 (13)% (13)% 2% (2)%
Industry Solutions 6,804 7,106 (4)% (6)% 1% 1%
Mobility 6,442 5,841 10% 11% (1)% 0%
1 Excluding currency translation and portfolio effects.
B25T010_E
Profit and Profit Margin by Divisions
Profit Profit Margin
Year ended September , Year ended September ,
(in millions of €)   % Change  
Industry Automation 639 1,606 (60)% 9.1% 18.5%
Drive Technologies 836 1,279 (35)% 11.1% 15.2%
Building Technologies 382 466 (18)% 6.4% 7.8%
OSRAM 89 401 (78)% 2.2% 8.7%
Industry Solutions 360 439 (18)% 5.3% 6.2%
Mobility 390 (230) – 6.1% (3.9)%
B25T011_E