Siemens 2011 Annual Report Download - page 183

153 D. Consolidated Financial Statements
273 E. Additional information
143 C.2 Additional information for supplemental
financial measures
145 C. Siemens AG (Discussion on basis of
German Commercial Code)
151 C. Notes and forward-looking statements
140 C. Information required pursuant to Section  ()
and Section  () no.  of the German Commer-
cial Code (HGB) and explanatory report
142 C. Compensation report and Corporate Governance
statement pursuant to Section a of the German
Commercial Code (HGB)

C.. Results of Siemens
The following discussion presents selected information for
Siemens for the fiscal year ended September , :
C... ORDERS AND REVENUE
In fiscal , orders rose % year-over-year, to €. bil-
lion, including a substantially higher volume from major orders
compared to the prior-year period. Revenue increased steadily
throughout fiscal  and came in at €. billion, up %
from the prior-year period. This resulted in a book-to-bill ratio
of . for Siemens in fiscal . Organic volume develop-
ment was in line with reported figures, given that effects from
currency exchange fluctuations during fiscal  largely off-
set one another. The order backlog (defined as the sum of or-
der backlogs of our Sectors) was € billion as of September
, , up from € billion a year earlier. Out of the current
backlog, orders of € billion are expected to be converted in-
to revenue during fiscal , orders of € billion during
, and the remainder in the periods thereafter.
New orders (location of customer)
Year ended September , % Change vs. previous year therein
(in millions of €)   Actual Adjusted  Currency Portfolio
Europe, C.I.S., Africa, Middle East 47,095 39,513 19% 19% 0% 0%
therein Germany 17,353 10,690 62% 63% 0% (1)%
Americas 22,109 21,441 3% 5% (2)% 0%
therein U.S. 15,735 15,179 4% 7% (3)% 0%
Asia, Australia 16,378 13,102 25% 24% 2% (1)%
therein China 6,241 5,281 18% 20% 0% (2)%
therein India 3,310 2,286 45% 44% 1% 0%
Siemens 85,582 74,055 16% 16% 0% 0%
1 Excluding currency translation and portfolio effects. 2 Commonwealth of Independent States.
Orders related to external customers in fiscal  increased
by % compared to the prior year, including higher demand
in all Sectors. The Industry Sector reported order growth of
% on increases in four of its five Divisions. The largest of
these increases came from Mobility, where a higher volume
from large orders compared to the prior-year period included
the €. billion order for trains mentioned earlier. Drive Tech-
nologies and Industry Automation contributed double-digit
order growth in fiscal . Order intake in the Energy Sector
rose by double digits in the current period and included
growth at all Divisions. A higher volume from major orders in
the Energy Sector was most notable at Fossil Power Genera-
tion. Orders in Healthcare increased moderately compared to
the prior-year period, due to robust growth at its imaging and
therapy systems businesses. Orders in emerging markets on a
global basis, as these markets are defined by the International
Monetary Fund, grew faster than orders overall, by % year-
over-year, and accounted for €. billion, or %, of total
orders for fiscal .
On a geographic basis, Siemens reported order growth in all
three reporting regions in fiscal . In the region Europe,
C.I.S., Africa, Middle East, orders rose % on double-digit in-
creases in Industry and Energy. Industry orders rose % in
the region, due largely to the major contract win for trains at
Mobility mentioned above. This was also the primary driver
for % order growth in Germany. Order growth for Industry
in the region also included strong demand at Drive Technolo-
gies and Industry Automation. The Energy Sector delivered
order growth of % in the Europe, C.I.S., Africa, Middle East
region, due primarily to a higher volume from major orders at
Fossil Power Generation and Renewable Energy compared to
the prior-year period. Healthcare’s orders in the region came
in slightly below the level of fiscal . In the Americas, order
intake rose % on increases in Energy and Industry. Higher
or
ders in the Energy Sector were due primarily to higher de-
mand at Power Transmission and Fossil Power Generation.
Order growth in Industry in the Americas region was led by a
strong double-digit increase at Drive Technologies. Health-
care’s orders in the region came in level compared to the pri-
or-year period. Order intake in the Asia, Australia region
climbed % in fiscal , including double-digit growth in
all Sectors. Orders in the Energy Sector in the region climbed
% compared to the prior-year period, including a higher vol-
ume from major orders mainly at Fossil Power Generation and
Oil & Gas. Orders in the Asia, Australia region increased %
in Healthcare compared to the prior-year period, due mainly
to strong order growth at its imaging and therapy systems
C. Results of operations