In the quarter ended at the end of December (the first of the 2012-2013 financial year) Siemens reported a sharp decline in net income, dropped by 12%, to 1,2 billion euros, while turnover grew by 2%, to 18,1 billion. This was communicated by the German company itself, which also speaks of a "limited decline" in new orders, down by 3%, to 19,1 billion.
Although the economic performance does not bode well for the rest of the fiscal year, the chairman of the management board of Siemens, Peter Loescher, confirmed the company's goals for 2013: moderate recovery in orders and turnover in line with that of the year just ended.
