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| Siemens expects growth in new orders in fourth quarter Siemens expects that new orders and revenue at its sectors will increase again in the fourth quarter of the current fiscal year compared to both the fourth quarter of fiscal 2009 and the third quarter of fiscal 2010. "In all probability, our operating results for the fourth quarter will be very satisfactory. Particularly in new orders, we're seeing a further upturn in business activity, " said CFO Joe Kaeser in Munich on Monday. spliter The profitability of Siemens' operations in the first three quarters of fiscal 2010 will probably extend into the fourth quarter as well. Siemens expects Total Sectors profit – excluding the announced impairment of presumably up to €1.4 billion at its diagnostics business – to exceed the comparable prior-year figure of €1.9 billion. Total Sectors profit will probably include restructuring costs of some €150 million – an amount that, due to the business upturn, is less than recently expected. New orders and revenue at the three Siemens Sectors Industry, Energy and Healthcare will probably increase in the fourth quarter compared to both the previous quarter and the same quarter a year earlier. Accordingly, new orders at the Sectors are expected to total more than €20.1 billion and revenue to be above €18.9 billion. Siemens AG (Berlin and Munich) is a global powerhouse in electronics and electrical engineering, operating in the industry, energy and healthcare sectors. write your comments about the article :: © 2010 Construction News :: home page |