MUNICH, Germany – Siemens Energy announced its results for the second quarter of fiscal year 2025 that ended March 31, 2025.
Christian Bruch, President and CEO of Siemens Energy AG:
“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”
Outlook
Due to the positive business development in the first half-year and the strong market demand, Siemens Energy updates the outlook for fiscal year 2025. The change in the outlook is driven by stronger-than-expected performances at Gas Services, Grid Technologies, and Transformation of Industry. Regarding Free cash flow pre tax, the higher outlook is particularly attributable to Gas Services and Grid Technologies, which both experience strong cash inflows driven by customer payments related to strong order momentum. At Siemens Gamesa we continue to work on the measures to reach break-even in fiscal year 2026. We still expect sales activities for the 5.X onshore turbine to resume during fiscal year 2025.
Siemens Energy now expects for the Group to achieve comparable revenue growth (excluding currency translation and portfolio effects) in fiscal year 2025 in a range of 13% to 15% (before 8% and 10%) and a Profit margin before Special items between 4% and 6% (before between 3% and 5%). Siemens Energy expects a Net income of up to €1bn (before around break-even) excluding assumed positive Special items subsequent to the demerger of the energy business from Siemens Limited, India. The outlook for Free cash flow pre tax for the 2025 fiscal year is updated to around €4bn (before to exceed the original guidance of up to €1bn) [USD 4.44bn, with original guidance of USD 1.11bn].
The outlook for Siemens Energy does not include charges related to any future legal and regulatory matters.
Amended overall assumptions per business area
- Gas Services assumes a comparable revenue growth of 11% to 13% (before 7% to 9%) and a Profit margin before Special items of 11% to 13% (before 10% to 12%).
- Grid Technologies plans to achieve a comparable revenue growth of 24% to 26% (before 23% to 25%) and a Profit margin before Special items between 14% and 16% (before between 10% and 12%).
- Transformation of Industry expects a comparable revenue growth of 13% to 15% (before 11% to 13%) and a Profit margin before Special items of 9% to 11% (before 8% to 10%).
- Siemens Gamesa assumes a comparable revenue growth of 0% to 2% (before negative 9% to negative 5%) and a negative Profit before Special items of around €1.3bn [USD 1.44bn] (unchanged).