Siemens 2015 Annual Report Download - page 12

Combined Management Report
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A.3.1 Orders and revenue by region
The increase in orders and revenue year-over-year was due
mostly to favorable currency translation effects that added six
percentage points to volume development. The resulting ratio
of orders to revenue (book-to-bill) for Siemens in fiscal 
was ., again well above . The order backlog (defined as the
sum of order backlogs of the Industrial Business) was €  bil-
lion as of September , .
Orders (location of customer)
Fiscal year % Change
(in millions of €) 2015 2014 Actual Comp.
Europe, C. I. S., Africa,
Middle East 42,539 41,259 3% 1%
therein: Germany 11,991 10,910 10% 10%
Americas 24,769 20,619 20% 5%
therein: U. S. 17,357 14,613 19% (1)%
Asia, Australia 15,033 15,779 (5)% (14)%
therein: China 6,623 6,605 0% (12)%
Siemens 82,340 77,657 6% (1)%
therein: emerging markets 29,769 27,345 9% 2%
Reported orders related to external customers in the region
Europe, C. I. S., Africa, Middle East increased moderately,
as substantial growth in Mobility, including among others a
€ . billion order in Germany, and in Power and Gas, more than
offset a sharp decline in Wind Power and Renewables due to
a lower volume of large orders. Key growth drivers in the
Americas included Power and Gas and Energy Management,
both with a strong increase due to a higher volume of large
orders in the region, and Healthcare which reported substantial
growth in the U. S. Orders declined in the region Asia, Australia
due mainly to a lower volume from large orders in Power and
Gas and in Mobility that could only be partially offset by growth
in Wind Power and Renewables, Energy Management, and in
Digital Factory. The development in China showed a similar
pattern, with a sharp order decline in Mobility offset by growth
in the three Divisions just mentioned.
Revenue (location of customer)
Fiscal year % Change
(in millions of €) 2015 2014 Actual Comp.
Europe, C. I. S., Africa,
Middle East 38,799 38,449 1% (2)%
therein: Germany 11,244 10,781 4% 4%
Americas 21,702 18,494 17% 1%
therein: U. S. 15,263 12,647 21% 1%
Asia, Australia 15,135 14,283 6% (4)%
therein: China 6,938 6,405 8% (4)%
Siemens 75,636 71,227 6% (1)%
therein: emerging markets 25,285 24,146 5% (3)%
As expected, given our complex business environment in fiscal
, organic revenue was flat year-over-year, including a
mixed picture for our industrial businesses. Reported revenue
related to external customers in Europe, C. I. S., Africa, Middle
East came in near the prior-year level, as growth in Energy
Management and in Healthcare offset declines in Mobility
and in Power and Gas. Moderate revenue growth in Germany
was driven by a sharp increase in Wind Power and Renewables
resulting from the continuing execution of large offshore con-
tracts won in prior periods. In the Americas, revenue came in
higher year-over-year, driven by double-digit increases in the
U. S. across our industrial businesses, due mainly to currency
translation tailwinds. The major contributions to growth in the
U. S. as well as in the region came from Healthcare and Power
and Gas. Revenue growth in Asia, Australia resulted mainly
from solid increases in Digital Factory, Mobility and Healthcare
that more than offset declines in Power and Gas and Wind
Power and Renewables. Growth in China included nearly all of
our industrial businesses, due in part to positive currency
translation effects, while revenue in Power and Gas decreased
substantially.
A. Results of operations