Siemens 2012 Annual Report Download - page 167

135 D. Consolidated Financial Statements
239 E. Additional Information
130 C. Siemens AG (Discussion on basis of
German Commercial Code)
134 C. Notes and forward-looking statements
129 C. Compensation Report, Corporate Governance
statement pursuant to Section a of the
German Commercial Code, Takeover-relevant
information and explanatory report

...  & 
Profit at Infrastructure & Cities came in at €. billion, down
slightly year-over-year. While the Power Grid Solutions & Prod-
ucts business and the Building Technologies Division both im-
proved profit year-over-year, profit at Transportation & Logistics
declined substantially due mainly to € million in charges at
a rolling stock project in Germany. Profit development for the
Sector was also held back by € million in charges related to
severance programs. These negative effects were partly offset
by a positive € million contribution from the Sector’s inter-
est in AtoS and the Sector’s € million portion of the OPEB
gain mentioned earlier. For comparison, profit in fiscal 
was burdened by the Sector’s € million share of a special
employee remuneration allocation.

Year ended September , % Change therein
(in millions of €)   Actual Adjusted  Currency Portfolio
Profit 1,102 , ()%
Profit margin 6.3% .%
New orders 17,150 , ()% ()% % %
Total revenue 17,585 , % % % %
External revenue 16,731 , %
therein:
Europe, C.I.S., Africa, Middle East 10,121 , %
therein Germany 2,880 , ()%
Americas 4,344 , %
Asia, Australia 2,267 , ()%
1 Excluding currency translation and portfolio effects. 2 Commonwealth of Independent States.
Revenue grew moderately year-over-year, as higher revenue in
the regions America and Europe, C.I.S., Africa, Middle East
more than offset a decline in Asia, Australia. Revenue growth
was driven by Power Grid Solutions & Products and Building
Technologies. Revenue at Transportation & Logistics declined
slightly year-over-year. Orders for the Sector decreased %
compared to the prior year, which included a sharply higher
volume from major orders at Transportation & Logistics. This
included Siemens’ largest-ever train order in Germany, worth
€. billion, and a major order for high-speed trains in the U.K.
As a result, fiscal  orders came in substantially lower in
Europe, C.I.S., Africa, Middle East. Order intake was also clearly
lower in Asia, Australia, only partly offset by a slight increase
in the Americas. On a book-to-bill ratio of ., Infrastruc-
ture & Cities’ order backlog was € billion at the end of fiscal
, unchanged from a year earlier.
   
Year ended September , % Change therein
(in millions of €)   Actual Adjusted  Currency Portfolio
Transportation & Logistics 5,382 10,052 (46)% (48)% 1% 0%
Power Grid Solutions & Products 6,275 5,905 6% 4% 2% 0%
Building Technologies 5,809 5,597 4% 0% 3% 0%
1 Excluding currency translation and portfolio effects.
  
Year ended September , % Change therein
(in millions of €)   Actual Adjusted  Currency Portfolio
Transportation & Logistics 5,969 6,041 (1)% (4)% 2% 0%
Power Grid Solutions & Products 6,068 5,657 7% 5% 2% 0%
Building Technologies 5,820 5,468 6% 3% 3% 0%
1 Excluding currency translation and portfolio effects.