Demand for power equipment drives record profit growth for Siemens Energy

12.02.2025       

Press release February 12, 2025 Munich

Siemens Energy has made a strong start to the new fiscal year. Demand for our products remained favorable and the strong order trends continued. The prior-year quarter figures for revenue, EBITDA and cash flow were clearly exceeded. All segments contributed to the improvement.

The company achieved a record order backlog of €131 billion.Revenue of €8.9 billion increased by 18.4 percent on a comparable basis, with all segments recording growth. EBITDA at Siemens Energy more than doubled compared to the prior-year period to €481 million (Q1 FY24: €208 million). Siemens Energy generated revenue of €463 million (Q1 FY24: €1,878 million). Net income was €252 million (Q1 FY24: €1,582 million). The corresponding basic earnings per share was €0.23 (Q1 FY24: €1.79).

Free cash flow before tax was significantly higher than expected at €1,528 million (Q1 FY24: negative €283 million), driven by project advances and the effects of customer payment timing. All segments contributed to the improvement.

Based on the developments in the first quarter, management now expects Siemens Energy to exceed its current pre-tax free cash flow guidance of up to €1 billion and therefore intends to update its pre-tax free cash flow guidance for fiscal 2025, taking into account the half-year results of fiscal 2025.

Christian Bruch, President and CEO of Siemens Energy AG: “Our strong first quarter reflects the market opportunities arising from the growing demand for electricity. The strong cash flow was primarily driven by growth in all our businesses, advance payments and timing effects. We remain focused on profitable gross profit growth and technology leadership."

Source: Siemens

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