OREANDA-NEWS. January 23, 2013. "In an uncertain economic environment, we got off to a solid start in fiscal 2013. For the rest of the year as well, we don't expect any tailwinds from the global economy to help us reach our ambitious goals. Our full attention is on implementing our Siemens 2014 program."

Peter Loscher, President and Chief Executive Officer of Siemens AG

Financial Highlights:*
Revenue for the first quarter rose 2%, to EUR 18.128 billion, supported by 4% growth in emerging markets. Organic revenue, excluding currency translation and portfolio effects, was 1% lower year-over-year.
Orders came in at EUR 19.141 billion, 3% below the prior-year period. On an organic basis, orders declined 5%. The book-to-bill ratio was 1.06, and Siemens' order backlog stood at EUR 97 billion at the end of the first quarter.
Total Sectors Profit rose 4%, to EUR 1.698 billion, on higher profit in the Energy and Healthcare Sectors. Income from continuing operations came in slightly lower year-over-year, at EUR 1.295 billion, while corresponding basic EPS rose to EUR 1.52.
Net income declined to EUR 1.214 billion, with corresponding basic EPS of EUR 1.42.

* Siemens' solar business was classified as discontinued operations, effective during the fourth quarter of fiscal 2012, and Siemens adopted accounting standard IAS 19R (Employee Benefits) as of the beginning of fiscal 2013. Prior-period results are presented on a comparable basis.