German engineering group Siemens has reported lower earnings and orders in the first quarter.
AAP reports new orders declined by 3% to 19.141 billion euros in the three months to December.
Revenues rose by 2% to 18.128 billion euros, but net profit fell by 12 per cent to 1.214 billion euros.
Looking ahead to the full year, chief executive Peter Loescher said in a statement on Wednesday that "the outlook remains unchanged".
Orders and revenues were projected to show "moderate growth ... approaching the level of fiscal 2012."
Full-year underlying profit was forecast in a range of 4.5 to 5 billion euros.