---- Ein chinesisches Personal ist auf dem Stand von Siemens während einer Messe in Shanghai, China, 28. September 2010 gesehen. Für multinationale Unternehmen, Betrieb ex
--File-- A Chinese staff is seen at the stand of Siemens during an exhibition in Shanghai, China, September 28, 2010. For multinationals, operate extensively in emerging markets is one thing. To make lots of money is another. Siemens is mastering both tricks at the moment, judging by the German engineering groups first quarter results, which showed a 17 per cent increase in profits from continuing operations to €1.8 bn ($2.5 bn), powered by business from emerging markets. Emerging market revenues rose 16 per cent to €5.75 bn ($7.9 bn), or 29 per cent of the total, with jumps of 29 per cent in China and 38 per cent in India. Emerging market new orders posted even more dramatic numbers, a 31 per cent increase to €7.8 bn ($10.7 bn), or 35% of the total, with gains of 49 per cent in China and 160 per cent in India. No wonder that Peter L?scher, chief executive, is one of Germanys greatest advocates of rapid globalization. Investors liked what they saw in Tuesdays (January 25, 2011) announcement of results for the three months to the end of December, pushing the shares up 1.6 per cent. Like General Electric last week, and unlike Philips this week, Siemens delivered a modest positive surprise to the market. Total net profits, including the effects of disposals and acquisitions, rose 6 per cent to €2.2bn ($3 bn).
