Siemens 2011 Annual Report Download - page 116

6 A. To our shareholders 51 C. Combined management’s discussion and analysis 23 B. Corporate Governance
6 A. Report of the Supervisory Board
12 A. Managing Board of Siemens AG
14 A. Letter to our shareholders
20 A.4 The Siemens share / Investor relations
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As fiscal  showed, the time has not yet come for our highly innovative particle therapy projects.
We’ll also have to gear our solar activities more closely to the market. And we haven’t yet realized the
full poten tial of our medical diagnostics business. But challenges spur us on to ever greater accom-
plishments. And we’re proud that – true to this maxim – we’ve been achieving business success and
helping master the major challenges of our day for  years.
Our latest efforts have also been a source of pride. You may have seen the press reports about our new
gas turbines. In combined-cycle operation at the Irsching  power plant in southern Germany, the
turbines made technology history in fiscal  by reaching an efficiency of .% at an output of
 megawatts. The power produced by the Irsching plant is sufficient to meet the electricity needs
of Berlin – a city of . million.
We’re also proud of our Environmental Portfolio. Generating revenue of €. billi on in fiscal , it
was once again one of the world’s most successful green portfolios and a growth driver for our busi-
ness. By the end of fiscal , our ecofriendly technologies had enabled customers to cut their green-
house gas emissions by about  million tons – an amount equal to the total annual CO emissions
of Berlin, Delhi, Istanbul, Hong Kong, New York, Singapore and Tokyo.
Our ranking in the prestigious Dow Jones Sustainability Indexes is an example of the recognition we’ve
received for our commitment to sustainable technologies. In fiscal , we again outscored our key
competitors to capture first place in the Diversified Industries sector.
These achievements make one thing clear: our investments and the trust in our power of innovation
are paying off – as our business success attests.
Our entrepreneurial spirit: Business excellence and stability
Despite the economic uncertainties, we made excellent progress in our drive to generate sustainable,
profitable growth in fiscal . At roughly € billion, revenue for the year was % above the level
achieved in fiscal . New orders rose % to about € billion. Our order backlog was slightly more
than € billion, a new record. At €. billion, Total Sectors profit was % above the prior-year level.
And income from continuing operations was €. billion, a % increase year-over-year.
In fiscal , we won the largest single order in our history: a commission to build up to  new ICx
long-distance trains in Germany for railway operator Deutsche Bahn. We’d previously signed a contract
to supply Eurostar with ten new trains for its rail link between London and the European continent.
We also received major orders in the area of renewable energies from customers in countries such as
Denmark, the UK, Brazil and the U.S., while in China – the world’s largest wind power market – we
landed our first order for an offshore wind park.
These successes prove that – when it comes to large-scale projects – trust in our experience, reliability
and expertise is worldwide. They also show that – as a responsible global partner – we’re outpacing
competitors everywhere.