Siemens Healthcare Equipment Division's profit fell 24%
According to Siemens' first-quarter earnings report for the fiscal year 2011, Siemens Healthcare 's profit margin fell 24%. Siemens' net profit was affected by the increase in new orders and emerging market demand, which was a 15% increase this quarter. According to Siemens, the total new orders reached 22.59 billion euros (about 30.7 billion US dollars), an increase of 19%; due to the favorable foreign exchange fluctuations, operating income increased by 12% to 19.49 billion euros (about 264.9 billion US dollars). In the first quarter of fiscal 2011, Siemens achieved double-digit growth in total orders and operating income for all three business units for the third consecutive quarter, with the highest increase in emerging markets, reaching 31%. The fastest-growing market for orders was Asia and Australia, with a 55% increase, and orders from the Americas market grew 23%. In the three business units of Siemens - industrial, energy and medical health equipment, the energy equipment sector was driven by large orders in the field of fossil power generation, with the fastest growth rate of 27%. During the quarter, Siemens' operating profit increased by 6% to 2.23 billion euros ($3.03 billion). Siemens said that the sale of the information technology department to Atos Origin of France was 136 million euros (about 185 million US dollars), while the special employee reward program allocated 261 million euros (about 3.55 euros) for employees. One hundred million U.S. dollars). Peter Loescher, CEO of Siemens, said: "Siemens' current performance is very good, and we are fully confident to complete the full-year target for fiscal year 2011." Siemens' goal is to increase the amount of orders and continuing operating income compared to last year. Increase by at least 25% to 35%. Siemens expects that Siemens' performance will continue to grow in November 2010. Although ING analyst Axel Funhoff pointed out that Siemens Healthcare's profit fell 24% to 381 million euros ($519 million), Siemens' current profitability has not deviated from its market Expectations. According to Siemens, due to the “rising of functional costsâ€, the medical health equipment sector has an order growth rate of 10%, which is the lowest of the three business units. Van Hoff further said: "Overall, Siemens has achieved good financial results, significantly more than expected growth in orders, Siemens is moving at full speed." On the Frankfurt Stock Exchange, Siemens shares rose 1.5% to 95.29 euros per share (about 129.9 US dollars per share), making it the best performing blue chip in the German DAX Composite Index. Top Stoppers,Trailair Pin Box,Flex Air Pin Box,Turning Point Pin Box HTD INTERNATIONAL , https://www.jeehtd.com
Siemens said that in the first quarter of fiscal 2011, the company's operating income reached 1.75 billion euros (about 2.4 billion US dollars), compared with 1.53 billion euros (about 2.08 billion US dollars) in the same period last year, the company is steadily moving to the annual operating income target Step forward.