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Press Release15 May 2025Siemens AGMunich
Successful second quarter – Outlook confirmed
“We’ve achieved another successful quarter, with
orders, revenue and net income all showing clear growth. Our customers continue
to rely on our technology, and our global footprint demonstrates our
resilience,” said Roland Busch, President and CEO of Siemens AG. “With
our ONE Tech Company program, we’re making bold moves to scale our technologies.
The acquisition of Altair and the planned acquisition of Dotmatics will bring
new AI offerings to our customers and open up new opportunities in growth
markets such as life sciences.”
“By focusing on rigorous execution, we again
successfully converted clear revenue growth into strong profit and solid free
cash flow. We completed the acquisition of Altair successfully and very quickly
just before the close of our second quarter. We confirm our outlook for fiscal
2025,” said Ralf P. Thomas, Chief Financial Officer of
Siemens AG.
Clear growth in orders and revenue
In
Q2 2025, Siemens increased revenue 6 percent on a comparable basis –
that is, excluding currency translation and portfolio effects – to €19.8 billion (Q2 2024: €18.5 billion).
Orders totaled €21.6 billion, a 9 percent increase year-over-year on
a comparable basis (Q2 2024: €19.7 billion). The book-to-bill ratio
was a strong 1.10. The order backlog at the end of Q2 2025 totaled
€117 billion and was of high quality.
Profit Industrial Business increased nearly a
third to €3.2 billion (Q2 2024: €2.5 billion) on strong
operational execution and a €0.3 billion gain related to exiting the
wiring accessories business at Smart Infrastructure. The corresponding profit
margin of the Industrial Business was 16.9 percent (Q2 2024: 14.0 percent).
Net
income climbed 11 percent to €2.4 billion (Q2 2024:
€2.2 billion). This
increase was due mainly to higher Profit Industrial Business. Corresponding basic earnings per share before
purchase price allocation accounting (EPS pre PPA) were €3.00 (Q2 2024:
€2.73) and thus 10 percent higher than in the prior-year quarter.
Free cash
flow all-in at Group level from continuing and discontinued operations reached
€1.0 billion (Q2 2024: €1.3 billion). At €2.1 billion, free cash flow from the Industrial Business
remained at the level of the prior-year quarter, with the highest contribution
coming from Smart Infrastructure.
Higher profitability at Smart Infrastructure and Mobility
Orders at
Digital
Industries reached the prior-year level of €4.3 billion (Q2 2024:
€4.3 billion), whereby orders at the automation business grew considerably
on higher demand in China, where destocking of elevated stock levels at
customers approached completion toward the end of Q2 2025. On the other
hand, automation orders declined significantly in Germany, and order intake in
the electronic design automation (EDA) software business was, as expected, lower
compared to the strong Q2 2024. Revenue was down 5 percent to €4.3 billion,
a moderate decline year-over-year (Q2 2024: €4.5 billion). Revenue at the
automation business declined much less than in previous quarters. In the
software area, growth at the product lifecycle management (PLM) software
business was more than offset by a significant decline in the EDA business
compared to the strong Q2 2024. Profit, which totaled €634 million (Q2 2024:
€741 million), and profitability, which totaled 14.8 percent (Q2
2024: 16.5 percent), declined mainly due to lower revenue at the EDA
business and expenses of €27 million related to the closing of the Altair acquisition.
At €6.0 billion,
orders at
Smart Infrastructure came in only slightly below the strong
prior-year figure (Q2 2024: €6.1 billion), which had reflected a
particularly large number of contracts from data center customers. Revenue
increased at all businesses and in all reporting regions, climbing 10 percent
on a comparable basis to €5.7 billion (Q2 2024: €5.1 billion), with the largest contribution coming from the electrification business,
which executed strongly on its large order backlog from data center and energy
customers. Smart
Infrastructure continued to increase profit and profitability year-over-year due
to higher revenue, greater capacity utilization and ongoing productivity
increases. Profit soared 61 percent to €1.4 billion (Q2 2024: €854 million),
and the profit margin rose more than 7 percentage points to 24.0 percent
(Q2 2024: 16.6 percent), whereby both profit and profitability
benefited from a €315 million gain related to exiting the wiring
accessories business.
At
Mobility, orders rose 22 percent
on a comparable basis to €3.9 billion (Q2 2024: €3.2 billion) on
a substantially higher volume of large orders, which included significant
contract wins in Europe and the Americas, such as orders totaling
€0.6 billion for the delivery of dual-mode and battery-electric
locomotives in the U.S. Mobility increased its revenue by 12 percent on a
comparable basis to €3.2 billion (Q2 2024: €2.8 billion) on
growth at all businesses, led by the rolling stock and customer services
businesses. Profit
climbed 23 percent to €291 million (Q2 2024: €237 million).
This increase was driven by an improvement at nearly all businesses and
included a strong contribution from the customer services business. The
corresponding profit margin rose to 9.1 percent (Q2 2024: 8.4 percent).
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Siemens AG (Berlin and Munich) is a leading technology company focused on industry, infrastructure, mobility, and healthcare. The company’s purpose is to create technology to transform the everyday, for everyone. By combining the real and the digital worlds, Siemens empowers customers to accelerate their digital and sustainability transformations, making factories more efficient, cities more livable, and transportation more sustainable. A leader in industrial AI, Siemens leverages its deep domain know-how to apply AI – including generative AI – to real-world applications, making AI accessible and impactful for customers across diverse industries. Siemens also owns a majority stake in the publicly listed company Siemens Healthineers, a leading global medical technology provider pioneering breakthroughs in healthcare. For everyone. Everywhere. Sustainably.
In fiscal 2024, which ended on September 30, 2024, the Siemens Group generated revenue of €75.9 billion and net income of €9.0 billion. As of September 30, 2024, the company employed around 312,000 people worldwide on the basis of continuing operations. Further information is available on the Internet at www.siemens.com.
Notes and forward-looking statements
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