Siemens 2014 Annual Report Download - page 197

247 D. Consolidated Financial Statements
337 E. Additional Information
213 C. Overall assessment of the economic position
214 C. Subsequent events
215 C. Sustainability and citizenship
225 C. Report on expected developments and
associated material opportunities and risks
242 C. Compensation Report and legal disclosures
242 C. Siemens AG (Discussion on basis
of German Commercial Code)

C... INDUSTRY
Sector
Year ended September , % Change therein
(in millions of €)   Actual Comparable  Currency Portfolio
Profit 2,252 1,563 44%
Profit margin 13.2% 9.2%
Orders 17,103 16,688 2% 5% (3)% 0%
Total revenue 17,064 16,896 1% 4% (3)% 0%
External revenue 15,346 15,256 1%
therein:
Europe, C.I.S., Africa, Middle East 8,906 8,839 1%
therein Germany 4,141 4,145 0%
Americas 2,592 2,718 (5)%
Asia, Australia 3,848 3,699 4%
1 Excluding currency translation and portfolio effects. 2 Commonwealth of Independent States.
In fiscal , profit at Industry rose sharply to € . billion,
supported by a more favorable revenue mix and improved pro-
ductivity compared to the prior year. For comparison, profit in
the prior-year period was burdened by €  million in “Siemens
” charges. Through most of fiscal , the market environ-
ment for the Sector’s businesses was clearly more favorable
than a year earlier. While reported orders and revenue for the
year were up  % and  %, respectively, both were held back by
negative currency translation effects that took away three per-
centage points from reported growth.
On a geographic basis, order and revenue development was
supported largely by growth in Asia, Australia, driven by China,
and by a slight increase in Europe, C.I.S., Africa, Middle East.
Reported orders and revenue in the Americas region were
lower compared to the prior-year period, held back by negative
currency translation effects. The book-to-bill ratio was ., and
Industry’s order backlog was €  billion at the end of fiscal .
Out of the order backlog as of September , , orders of
€  billion are expected to be converted into revenue in fiscal
 and the remainder in the periods thereafter.
Orders by Business
Year ended September , % Change therein
(in millions of €)   Actual Comparable  Currency Portfolio
Industry Automation 8,412 8,143 3% 5% (3)% 1%
Drive Technologies 9,210 9,024 2% 5% (3)% 0%
1 Excluding currency translation and portfolio effects.
Revenue by Business
Year ended September , % Change therein
(in millions of €)   Actual Comparable  Currency Portfolio
Industry Automation 8,353 8,194 2% 4% (3)% 1%
Drive Technologies 9,211 9,208 0% 3% (2)% 0%
1 Excluding currency translation and portfolio effects.