Revenue grows but orders down at Siemens

Siemens President & CEO Peter Löscher.

SIEMENS: Revenue of €78·3bn for the year ending September 30 2012 was up 7% on the previous year, Siemens announced on November 8, although new orders were down 10% to €76·9bn. Income from continuing operations fell from €7·4bn to €5·2bn, 'in line with expectations'. The backlog reached €98bn.

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