Siemens results

Siemens reported 3Q05 sales grew 13% to €22,1bn, with EBIT down 37% to €926m and net profit slipping 33% to €497 (without discontinued operations). Its Communications and SBS units continue to drag down the overall performance. SBS posted a €427m operating loss (vs loss of €28m last year) and Com' s operating profit sank 81% to €53m.

Full year results were: sales of €75bn (+7%); orders of €84bn (+11%); income from continuing operations was €3bn; and net income of €2,25bn (down 33%), results at its Communications unit were: orders rose 6%, to €13.8bn; sales increased 3%, to €13.1bn; profit was €454m (down 36%)