Siemens orders jump 58% to €34.8 billion, topping analyst forecasts

This is an increase of 58 percent compared with the same quarter last year and significantly higher than the average analyst forecast of 27.5 billion.

In the recently started financial year, Siemens expects continued growth. Revenues will increase by 9-11 percent compared with the corresponding period a year earlier, according to the company's forecast.

For the fourth quarter, Siemens reported an 11 percent increase in revenue to 23.7 billion euros, compared with the expected 23.2 billion. Profit from industrial operations rose by 22 percent to 3.9 billion euros.