The adjusted operating result (EBITA) from the industrial business rose between January and March to 7 percent to 2.41 billion euros, Siemens said on Wednesday. Analysts had expected, on average, only 2.24 billion.

revenue climbed 4 percent to 20.9 billion euros. With an order intake of € 23.6 billion Siemens screwed the order backlog at the end of March to a record level of 142 billion euros.

The after-tax profit crumbled to 5 percent to 1.92 billion euros. “We have also delivered this quarter, what we have promised, and in many Parts of the expectations, even exceeded them,” said CEO Joe Kaeser.

the energy division had decided to the stock exchange

The Board of Directors on Tuesday, the energy division Gas & Power and to bring up to September, 2020 to the stock exchange. Also, the share of the wind power group, Siemens, Gamesa, will be introduced. A new Era with an even more focused and stronger, Siemens start now, “” said Kaeser.

The operating returns in the energy business are lagging behind those in most other Siemens divisions. The division Power & Gas came in the second quarter to 5.6 percent, Siemens, Gamesa, to 6.1 percent. For the group CEO, Kaeser is expected in this fiscal year 11 to 12 percent, according to the spin-off from 14 to 18 per cent should be in there.

In the second quarter, the margin was – to the cost of the staff reduction adjusted – at 11.7 percent. Siemens confirmed the forecasts for 2018/19 (until the end of September), with sales expected to rise – adjusted for currency effects – moderate, the net profit per share should be between 6,30 and 7,00 Euro. After the first half-year of EUR 3.50 per share to book.

(SDA/koh)