Siemens reported second quarter results ending in March. Revenues increased 5.2% (at constant currency +7%) to €18.99bn and the order intake improved 7% (10% at cc) to €22.3bn. The book-to-bill ratio reached 1.17x and the order backlog a record level of €115bn. Gross profit increased 8.7% and the gross margin improved from 29.8% to 30.8%. EBIT jumped 15.2% to €1.78bn and the EBIT margin rose from 8.5% to 9.3%. The profit margin according to Siemens’ definition from t
