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Siemens Energy had a strong start to fiscal year 2025 and generated a greater-than-expected Free Cash Flow pre-tax. As a result, Siemens Energy now expects to exceed the current Free Cash Flow pre-tax guidance for fiscal year 2025 of up to €1bn and therefore intends to update the Free Cash Flow pre-tax guidance with the half-year results for fiscal year 2025.
Siemens Energy AG will publish its full earnings release for the first quarter of fiscal year 2025 on February 12, 2025.
For the first quarter of fiscal year 2025 the preliminary results are:
Siemens Energy
- Order intake: €13,668m (Q1 FY2024: €15,381m; consensus: €12,756m), down 10.2% comparable
- Revenue: €8,942m (Q1 FY2024: €7,649m; consensus: €8,492m), up 18.4% comparable
- Profit: €463m (Q1 FY2024 (including book gains from disposals): €1,878m; consensus: €373m)
- Profit before Special Items: €481m (Q1 FY2024: €208m; consensus: €407m), reflecting a margin of 5.4% (Q1 FY2024: 2.7%; consensus: 4.8%)
- Free cash flow pre tax: €1,528m (Q1 FY2024: neg. €283m)
Gas Services
- Order intake: €5,009m (Q1 FY2024: €4,096m; consensus: €4,160m), up 24.6% comparable
- Revenue: €2,823m (Q1 FY2024: €2,670m; consensus: €2,811m), up 5.9% comparable
- Profit before Special Items: €412m (Q1 FY2024: €313m; consensus: €370m), reflecting a margin of 14.6% (Q1 FY2024: 11.7%; consensus: 13.2%)
- Free cash flow pre-tax: €809m (Q1 FY2024: €236m)
Grid Technologies
- Order intake: €5,117m (Q1 FY2024: €8,236m; consensus: €5,152m), down 36.5% comparable
- Revenue: €2,480m (Q1 FY2024: €2,082m; consensus: €2,545m), up 24.0% comparable
- Profit before Special Items: €309m (Q1 FY2024: €213m; consensus: €282m), reflecting a margin of 12.5% (Q1 FY2024: 10.2%; consensus: 11.1%)
- Free cash flow pre-tax: €1,253m (Q1 FY2024: €767m)
Transformation of Industry
- Order intake: €1,453m (Q1 FY2024: €1,638m; consensus: €1,531m), down 11.3% comparable
- Revenue: €1,337m (Q1 FY2024: €1,140m; consensus: €1,293m), up 17.9% comparable
- Profit before Special Items: €157m (Q1 FY2024: €105m; consensus: €132m), reflecting a margin of 11.8% (Q1 FY2024: 9.2%; consensus: 10.2%)
- Free cash flow pre-tax: €313m (Q1 FY2024: €95m)
Siemens Gamesa
- Order intake: €2,435m (Q1 FY2024: €1,565m; consensus: €2,065m), up 51.9% comparable
- Revenue: €2,418m (Q1 FY2024: €2,043m; consensus: €2,039m), up 18.4% comparable
- Profit before Special Items: neg. €374m (Q1 FY2024: neg. €424m; consensus: neg. €361m), reflecting a margin of neg. 15.5% (Q1 FY2024: neg. 20.8%; consensus: neg. 17.7%)
- Free cash flow pre-tax: neg. €568m (Q1 FY2024: neg. €1,150m)
