Siemens has released its third quarter results for fiscal 2013 with total Sectors profit declined to €1.261 billion.
Overall, these results are
encouraging despite the fact that, the total Sectors profit declined
to €1.261 billion. However, Connectikpeople thinks that, with the "Siemens
2014" productivity improvement program, this company may do better for the future.
With the unaudited earnings Q3 FY 2013 released today,
Connectikpeople has observed that, Siemens has recorded: orders
+19% year-over-year, regarding orders to €21.141 billion. Revenue was €19.248 billion, 2% below the prior-year level.
+19% year-over-year, regarding orders to €21.141 billion. Revenue was €19.248 billion, 2% below the prior-year level.
The book-to-bill ratio was 1.10, and Siemens' order backlog reached a new
high at €102 billion.
Total Sectors profit declined to €1.261 billion, due primarily to
third-quarter charges totaling €436 million for the "Siemens 2014"
productivity improvement program.
Income from continuing operations was lower year-over-year, at €1.004
billion.
Net income rose to €1.098 billion. Corresponding basic EPS was €1.27, up
from €0.85 in the prioryear period.
Free cash flow from continuing operations increased to €973 million.
