Siemens Q3 Profit Climbs - Quick Facts

(RTTNews) - German industrial conglomerate Siemens AG (SI) reported higher third-quarter net income attributable to the shareholders of 1.07 billion euros, or 1.26 euros a share, compared with 743 million euros, or 0.84 euros a share, a year before. However, quarterly income from continuing operations stood at 1.0 billion euros, lower than the prior year's 1.15 billion euros.

On the other hand, the firm clocked 19.25 billion euros in revenue, down 2%, compared with last year's 19.54 billion euros. In the third quarter of fiscal 2013, new orders climbed 19 percent year-on-year to 21.1 billion euros, due mainly to a major contract win for the company's train business in the UK in the Infrastructure & Cities Sector. The order backlog for all Sectors totaled 102 billion euros at the end of the quarter.

For fiscal 2013, Siemens expects clear order growth and a moderate drop in revenue compared with last year, both on an organic basis, while income from continuing operations of 4.0 billion euros is expected in fiscal 2013, including the solar business and NSN. This outlook excludes other significant portfolio effects and legal and regulatory matters in the fourth quarter.