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In the first quarter of its new fiscal year 2012, Siemens achieved increased revenue and created the prerequisites for future growth, despite the difficult economic environment. Thanks to a strong order backlog, revenue for the first quarter rose two percent compared to the same period a year earlier, while new orders declined five percent year-over-year. Profit was below the prior-year level due to project delays and increased investments.
The photo shows Peter Löscher (right), President and Chief Executive Officer, and Joe Kaeser (left), Member of the Managing Board and Chief Financial Officer, at the Siemens Annual Shareholders' Meeting on January 24, 2012 in Munich.
Reference Number: soaxx201201-03
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