After the strong start to the fiscal year, Siemens Energy’s positive development has continued into 2025 Q2. Favourable market trends, says Siemens, including the rising demand for electricity, have led to a broad-based increase in demand for its products. Overall, Siemens Energy achieved one of its strongest quarters ever.
Owing to this positive business development, Siemens Energy has updated the outlook for fiscal year 2025. It now expects the group to achieve revenue growth in fiscal year 2025 in the range of 13% to 15%, a profit margin before Special Items between 4% and 6% and a Net income of up to €1bn excluding assumed positive Special Items subsequent to the demerger of the energy business from Siemens Ltd, India. The outlook for Free cash flow pre tax for the fiscal year 2025 is updated to around €4bn.
Orders and revenue
Orders amounted to €14.4bn. This was 52.3% higher than in the prior-year quarter on a comparable basis (excluding currency translation and portfolio effects). In addition to sharp growth at Grid Technologies, the upturn was primarily due to Gas Services, which recorded the highest orders in a quarter to date. Revenue increased double-digit in all segments. Overall, revenue grew by 20.7 % on a comparable basis to €10.0bn.
Profit before Special Items amounted to €906m, reflecting a margin of 9.1%. All segments contributed to the increase year-over-year (Q2 FY 2024: €170m). Special items were negative €291m (Q2 FY 2024: positive €331m) primarily relating to the sale of the Indian wind business. Al included, Siemens Energy’s profit came in at €615m (Q2 FY 2024: €501m).
Net income was €501m (Q2 FY 2024: €108m).
New tariffs
In April 2025, the USA government, among others, announced tariffs on imports from various countries. Siemens Energy says it is closely monitoring developments and continuously analysing their potential impact on its net assets, financial position and results of operations. For the second half of the fiscal year 2025, a limited direct impact on Siemens Energy’s Profit of up to a high double-digit million € amount, after mitigation measures, is currently expected.
