In the first quarter of fiscal 2011, Siemens maintained the positive growth trend of the previous quarters, with a strong 19% increase in new orders year-over-year. Revenue also rose sharply by 12%. Income from continuing operations reached a record level, increasing 17% on strong development in the company’s short-cycle industry activities and power plant business.
“Capital-efficient growth is our aspiration. We have lived up to it. Orders and revenue grew in all regions, particularly in emerging markets. From this our business in Germany benefits as well. We delivered excellent bottom-line performance and are fully on track to reach the targets we set for fiscal 2011,” said Siemens president and CEO Peter Löscher.
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