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News17 February 2025Siemens AGSiemens Korea, Seoul

[Global News] Promising first quarter generates positive momentum

In the first quarter, most industrial businesses experienced an increase in order intake, but this was more than offset by a decrease in Mobility, which faced sharply lower volumes from large orders due to a very high basis of comparison. Revenue growth was seen in clear increases from Mobility, Smart Infrastructure, and Siemens Healthineers. However, Digital Industries saw a significant decline due to challenges in the automation business, while revenue growth in the software business continued.

“With a promising start to fiscal 2025, we are creating clear momentum for continued value creation for our stakeholders. Our technologies enable our customers to combine the real and digital worlds to improve competitiveness, resilience and sustainability. We see strong traction in bringing real world impact with our leadership in industrial AI,” said Roland Busch, President and CEO of Siemens AG.

Financial Highlights:

  • First-quarter revenue grew 3% to €18.4 billion; orders rose in all industrial businesses except Mobility, which had recorded a sharply higher volume from large orders in Q1 FY 2024; as a result, orders for Siemens overall declined 7% to €20.1 billion; book-to-bill ratio was 1.09 
  • On a comparable basis, excluding currency translation and portfolio effects, revenue was up 3% and orders decreased 8% 
  • Profit Industrial Business was €2.5 billion, with a profit margin of 14.1% 
  • Net income climbed 52% to €3.9 billion, benefiting from a €2.1 billion gain (after tax) from the sale of Innomotics; corresponding basic earnings per share (EPS) were €4.71 and EPS before purchase price allocation accounting (EPS pre PPA) were €4.86; excluding €2.64 per share related to the gain from the sale of Innomotics, EPS pre PPA were €2.22 
  • Free cash flow from continuing and discontinued operations rose sharply year-over-year to €1.6 billion

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