Siemens AG (SI) reported first-quarter net income attributable to shareholders of Siemens of EUR 1.48 billion or EUR 1.68 per share, compared to EUR 1.2 billion or EUR 1.39 per share last year.
Net income was EUR 1.53 billion, compared to EUR 1.23 billion in the same quarter a year earlier.
Revenue declined to EUR 17.35 billion from EUR 19.63 billion in the prior year quarter.
Moving ahead, Siemens anticipates that conditions in the manufacturing sector and world financial markets will remain challenging in fiscal 2010. Following a double-digit decline in orders in fiscal 2009, the company expects only a mid-single-digit percentage decline in organic revenue in fiscal 2010 due to the stabilizing effect of its strong order backlog.
Further, the company expects Total Sec-tors profit between EUR 6.0 and EUR 6.5 billion in fiscal 2010, and an increase of approximately 20% in income from continuing operations com-pared to EUR 2.457 billion in the prior year.
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