Siemens 2009 Annual Report Download - page 165

77
 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
Orders rose even faster in Asia, Australia, offsetting modest
declines in other regions. Healthcare’s book-to-bill ratio was
just above 1 for fiscal 2009, and its order backlog at the end of
the year stood at €6.3 billion compared to €6.8 billion a year
earlier. Of the Sector’s current backlog, orders of €3 billion are
expected to be converted into revenue during fiscal 2010, or-
ders of €1 billion during fiscal 2011, and the remainder in the
periods thereafter.
Healthcare posted Sector profit of €1.450 billion in fiscal 2009,
up 18% from the prior-year level. This increase was in part due
to progress with integration of acquisitions in the Diagnostics
Division. PPA effects and integration costs at Diagnostics fell to
€248 million, equivalent to 2.0 percentage points of Sector
profit margin in fiscal 2009. A year earlier Diagnostics recorded
a total of €344 million in PPA and integration costs, equivalent
to 3.1 percentage points of Sector profit margin. The difference
year-over-year is due to lower integration costs. Both years un-
der review include negative profit impacts, totaling €169 mil-
lion in charges at Workflow & Solutions in the current year and
€174 million in costs and charges at Workflow & Solutions and
Imaging & IT in the prior year.
New Orders by Divisions
Year ended September , % Change therein
(in millions of €) 2009 2008 Actual Adjusted Currency Portfolio
Imaging & IT 7,143 7,243 (1)% (5)% 4% 0%
Workflow & Solutions 1,553 1,653 (6)% (8)% 2% 0%
Diagnostics 3,479 3,195 9% 1% 4% 4%
1 Excluding currency translation and portfolio effects.
B25T017_E
Revenue by Divisions
Year ended September , % Change therein
(in millions of €)   Actual Adjusted
Currency Portfolio
Imaging & IT 7,152 6,811 5% 1% 4% 0%
Workflow & Solutions 1,515 1,490 2% (1)% 2% 1%
Diagnostics 3,490 3,185 10% 2% 4% 4%
1 Excluding currency translation and portfolio effects.
B25T018_E
Profit and Profit Margin by Divisions
Profit Profit Margin
Year ended September , Year ended September ,
(in millions of €)   % Change  
Imaging & IT 1,161 899 29% 16.2% 13.2%
Workflow & Solutions (53) 66 – (3.5)% 4.4%
Diagnostics 338 248 36% 9.7% 7.8%
B25T019_E
Imaging & IT contributed a profit of €1.161 billion in fiscal 2009,
up 29% from the prior-year level on a more favorable product
mix that included significant contributions from new products
introduced in the current year. Fiscal 2008 profit was held back
by €90 million of the negative profit impacts mentioned above
for the Sector, consisting primarily of severance charges, im-
pairments and related costs following the review of certain
business activities. Revenue and order development matched
the general development for Healthcare overall, with revenue
rising and orders coming in close to the prior-year level on
particular strength in Asia, Australia and positive currency
translation effects.