Siemens 2013 Annual Report Download - page 186

92 A. To our Shareholders
117 B. Corporate Governance 155 C. Combined Management Report
156 C. Business and economic environment
173 C. Financial performance system
179 C. Results of operations
192 C. Financial position
204 C. Net assets position
207 C. Overall assessment of the economic position
209 C. Subsequent events
210 C. Sustainability
227 C. Report on expected developments and
associated material opportunities and risks

C... INDUSTRY
Sector
Year ended September , % Change therein
(in millions of €)   Actual Adjusted  Currency Portfolio
Profit 1,478 2,448 (40)%
Profit margin 8.0% 12.6%
Orders 18,417 18,962 (3)% (3)% (1)% 1%
Total revenue 18,586 19,409 (4)% (4)% (1)% 1%
External revenue 16,943 17,772 (5)%
therein:
Europe, C.I.S.,  Africa, Middle East 9,261 9,644 (4)%
therein Germany 4,198 4,464 (6)%
Americas 3,290 3,484 (6)%
Asia, Australia 4,393 4,644 (5)%
1 Excluding currency translation and portfolio effects. 2 Commonwealth of Independent States.
In fiscal , profit at Industry fell sharply to €. billion,
impacted by € million in charges for the “Siemens ”
program primarily for improving the Sector’s global footprint
and reducing costs associated with administrative processes.
Profit development was held back also by lower revenue and a
less favorable business mix, due mainly to continuing softness
in the Sector’s short-cycle businesses. In addition, the Sector
took € million in charges for two large projects at its metals
technologies business.
The market environment for Industry through most of fiscal
 was clearly more challenging than a year earlier. Despite
signs of stabilizing towards the end of the period, revenue de-
clined moderately year-over-year on broad-based decreases at
both Divisions and the metals technologies business. Orders
for the Sector declined % year-over-year, as reported growth
on larger orders at the end of the year was more than offset by
a low order intake through most of fiscal .
On a geographic basis, Industry ’s orders and revenue both
showed a broad-based decline in all three reporting regions.
The book-to-bill ratio was ., and Industry ’s order backlog
declined to € billion at the end of fiscal .
Orders by Business
Year ended September , % Change therein
(in millions of €)   Actual Adjusted Currency Portfolio
Industry Automation 8,143 8,524 (4)% (5)% (1)% 2%
Drive Technologies 9,024 9,395 (4)% (3)% (1)% 0%
1 Excluding currency translation and portfolio effects.
Revenue by Business
Year ended September , % Change therein
(in millions of €)   Actual Adjusted  Currency Portfolio
Industry Automation 8,194 8,463 (3)% (3)% (1)% 1%
Drive Technologies 9,208 9,640 (4)% (4)% (1)% 0%
1 Excluding currency translation and portfolio effects.