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)