© Siemens

In the 'Energy Management' segment, Siemens recorded a decline in orders in the reporting region Europe, CIS, Africa, Middle East (Europe/GANO) due to the downturn in the Middle East, where the solutions business received a number of major orders in the third quarter of fiscal year 2015. By contrast, a very strong increase was recorded in Asia and Australia; this includes a major ultra-high-voltage DC transmission order for the transformer business.