More on Siemens: Net proft +43%


Siemens' (SI) FQ3 net income +43% to €1.1B, boosted by a positive profit contribution from discontinued operations, particularly Osram, which has been spun off.

Revenue -2% to €19.25B.

Orders +19% to €21.1B.

Order backlog reaches a new record of €102B; book-to-bill ratio 1.1.

Sectors profit fell primarily due to Q3 charges of €436M for the "Siemens 2014" productivity improvement program.

Income from continuing -13% to €1B.

Basic net EPS rises to €1.27 from €0.85 a year earlier.

Free cash flow from continuing ops increases to €973M from €899M.

For FY 2013, Siemens expects: income from continuing ops of €4B, including the solar business and NSN; moderate organic revenue decline, order growth; charges of €1B for Siemens 2014 program. (previous) (PR)

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