Siemens Energy has announced in its second quarter (Q2) earnings report that it anticipates a comparable revenue growth of 13–15% for fiscal year 2025 (FY25), citing strong order momentum.
The company posted a 20.7% increase in revenue on a comparable basis to €10bn in Q2.
Orders surged by 52.3% to €14.4bn compared with the previous-year quarter, excluding currency translation and portfolio effects.
The company experienced growth across all segments, particularly in Grid Technologies and Gas Services, with the latter achieving a record high in terms of quarterly orders.
The company’s book-to-bill ratio remained strong at 1.45, contributing to a record order backlog of €133bn.
Profit before special items climbed to €906m, a substantial increase from €170m in the same quarter of the previous fiscal year, resulting in a profit margin of 9.1%.
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By GlobalDataDespite negative special items of €291m, mainly due to the sale of its Indian wind business, Siemens Energy’s profit rose to €615m.
Net income also saw an increase to €501m, with basic earnings per share at €0.50. Free cash flow pre-tax improved dramatically to €1.39bn due to contributions from almost all segments and bolstered by customer payments including reservation fees.
Siemens Energy president and CEO Christian Bruch said: “The rising demand for electricity led to an exceptionally strong quarter and first half of the fiscal year for our business. The improved outlook reflects our confidence in the ongoing market opportunities and our excellent project execution. Even in light of the uncertain macroeconomic factors, our focus remains on profitable growth.”
For FY25, the company anticipates a profit margin before special items ranging between 4% and 6%.
Net income is expected to reach up to €1bn, excluding potential positive special items following the demerger of the energy business from Siemens Limited, India. The forecast for free cash flow pre-tax has been revised to approximately €4bn.
The company anticipates limited direct impact from the recent tariff announcements by the US Government on its profit in the second half of FY2025. Profit is estimated to be up to a high double-digit million euro amount after the implementation of mitigation measures.
In March 2025, Siemens Energy secured a $1.6bn project to supply essential technologies for the Rumah 2 and Nairyah 2 gas-powered power stations in Saudi Arabia.
