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[Global News] Successful second quarter – Outlook confirmed

In the second quarter, orders increased by 9 percent on a comparable basis, reaching €21.6 billion, compared to €19.7 billion in the second quarter of 2024. Revenue showed a 6 percent growth, amounting to €19.8 billion, as compared to €18.5 billion in the same period the previous year. The Profit for Industrial Business climbed to €3.2 billion, marking a 29 percent rise from the prior-year quarter, which was €2.5 billion. This increase was bolstered by a €0.3 billion gain arising from the exit of the wiring accessories business within Smart Infrastructure. 
“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. 
Financial Highlights:
  • Profit margin Industrial Business was 16.9 percent (Q2 2024: 14.0 percent) 
  • Free cash flow at Group level totaled €1.0 billion (Q2 2024: €1.3 billion) 
  • Net income climbed 11 percent to €2.4 billion, significantly exceeding prior-year performance (Q2 2024: €2.2 billion) 
  • ONE Tech Company program gained considerable momentum from strategic acquisitions: Altair and Dotmatics acquisitions to scale Siemens technology and strengthen growth

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Contact

Siemens Korea

D-Tower17, Jong-ro 3-gil, Jongno-gu
Seoul 03155
Republic of Korea

+82 (2) 3450 7000