Siemens 2009 Annual Report Download - page 163

75
 Managing Board statements, Independent auditors’ report, Additional information
95 Net assets position 97 Report on post-balance sheet date events
98 Risk report
108 Information required pursuant to
§315 (4) HGB of the German Commercial
Code and explanatory report
114 Compensation report
114 Report on expected developments
Fossil Power Generation led all Siemens Divisions with €1.275
billion in profit for fiscal 2009, combining higher revenue with
economies of scale, improved project execution and an im-
proved revenue mix, including a higher contribution from the
products business. The loss of €89 million in the prior year in-
cluded the substantial project charges mentioned above for
the Sector, particularly charges of €344 million related to a
technologically advanced project in Olkiluoto, Finland. In addi-
tion, fiscal 2008 included negative equity investment income
of €26 million related to Energy ’s equity stake in Areva NP
S.A.S., which was also substantially affected by the project in
Finland. Since the second quarter of fiscal 2009, this equity
stake is accounted for as held for disposal, following the
Energy Sector’s announced intention to exit the Areva NP
S.A.S. joint venture. Revenue at Fossil Power Generation rose
20% on higher sales in all regions, led by increases in the
Europe, C.I.S., Africa, Middle East region and the Americas.
Due to adverse macroeconomic and financing conditions, the
Division’s orders came in below the prior-year level. The de-
cline was driven by substantially lower demand in Europe,
C.I.S., Africa, Middle East, including lower volume from major
orders.
Revenue by Divisions
Year ended September , % Change therein
(in millions of €) 2009 2008 Actual Adjusted Currency Portfolio
Fossil Power Generation 9,802 8,171 20% 18% 2% 0%
Renewable Energy 2,935 2,092 40% 39% 1% 0%
Oil & Gas 4,276 4,038 6% 10% (3)% (1)%
Power Transmission 6,172 5,497 12% 12% 0% 0%
Power Distribution 3,284 3,211 2% 4% (2)% 0%
1 Excluding currency translation and portfolio effects.
B25T014_E
Profit and Profit Margin by Divisions
Profit Profit Margin
Year ended September , Year ended September ,
(in millions of €)   % Change  
Fossil Power Generation 1,275 (89) – 13.0% (1.1)%
Renewable Energy 382 242 58% 13.0% 11.6%
Oil & Gas 499 351 42% 11.7% 8.7%
Power Transmission 725 565 28% 11.7% 10.3%
Power Distribution 435 369 18% 13.2% 11.5%
B25T015_E
New Orders by Divisions
Year ended September , % Change therein
(in millions of €) 2009 2008 Actual Adjusted Currency Portfolio
Fossil Power Generation 12,135 12,993 (7)% (8)% 1% 0%
Renewable Energy 4,823 4,434 9% 16% (7)% 0%
Oil & Gas 4,450 5,630 (21)% (18)% (2)% (1)%
Power Transmission 6,324 7,290 (13)% (12)% (1)% 0%
Power Distribution 3,018 3,578 (16)% (14)% (2)% 0%
1 Excluding currency translation and portfolio effects.
B25T013_E