Financial highlights:
· Siemens’ strong order backlog softened the impact of the global recession on revenue and profit. Backlog for the Sectors totaled €84.3 billion.
· Third-quarter revenue of €18.348 billion was 4% lower than in the prior-year quarter.
· Orders of €17.160 billion were well below the prior-year level, due in part to a high basis of comparison that included exceptionally large orders at Mobility. The book-to-bill ratio was 0.94.
· Lower revenue held back Total Sectors profit at €1.667 billion, despite a 40% increase in Sector profit in Energy.
· Net income was €1.317 billion, an increase from the second quarter but a decline compared to the strong third quarter of fiscal 2008.
· Free cash flow declined due in part to substantial outflows related to previously reported project reviews and initiatives to safeguard profitability.
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