“We have made a very strong start to the financial year. Sustained high demand in our gas turbines and grid technologies businesses is making a significant contribution to overall performance. Also in the wind business, there are early signs of a modest improvement”, says Christian Bruch, President and CEO of Siemens Energy AG.
- The positive momentum from the prior fiscal year carried seamlessly into the first quarter. Favorable energy market trends remained firmly intact, robust demand was broad-based across regions and technologies with strong data center expansion. As a result, orders reached a new record. Revenue rose significantly, and both earnings and cash flow improved sharply; earnings even more than doubled compared to the prior year.
- Siemens Energy's orders amounted to €17.6bn. Growth driver was the record order intake at Gas Services, while both Grid Technologies and Transformation of Industry achieved double-digit growth rates. As a result, the book-to-bill ratio (ratio of orders to revenue) reached 1.82 and the order backlog rose to a new high of €146bn.
- Revenue increased by 12.8% to €9.7bn compared to the prior year on a comparable basis (excluding currency translation and portfolio effects). All segments reported growth.
- Profit before Special items of Siemens Energy sharply improved year-over-year to €1,159m (Q1 FY 2025: €481m), primarily due to the profit improvement at Siemens Gamesa and Grid Technologies. Special items amounted to negative €152m (Q1 FY 2025: negative €18m) mainly related to the closing of the disposal of the Indian wind business. Siemens Energy’s Profit came in at €1,007m (Q1 FY 2025: €463m).
- Net income also rose sharply, amounting to €746m (Q1 FY 2025: €252m). Corresponding basic earnings per share were 0.79 (Q1 FY 2025: €0.23).
- Free cash flow pre tax came in at €2,869m (Q1 FY 2025: €1,528m) driven by strong profit development and benefiting from customer advance payments as well as favorable timing effects.
