Siemens AG has announced a promising start to its fiscal year 2025, with positive financial results and strategic initiatives. President and CEO Roland Busch highlighted the company's momentum in creating value for stakeholders through its technologies that integrate real and digital worlds. "We see strong traction in bringing real world impact with our leadership in industrial AI," Busch stated.
Chief Financial Officer Ralf P. Thomas noted the company's significant free cash flow of €1.6 billion, which surpassed last year's performance. He also mentioned proceeds of €3.1 billion from the sale of Innomotics, reinforcing Siemens' financial strength.
In the first quarter of 2025, Siemens reported a 3 percent increase in revenue on a comparable basis, totaling €18.4 billion compared to €17.7 billion in Q1 2024. However, orders decreased by 8 percent to €20.1 billion from €21.6 billion the previous year.
The Industrial Business profit was down by 8 percent at €2.5 billion, with a profit margin of 14.1 percent compared to 15.8 percent in Q1 2024.
Net income rose by 52 percent to €3.9 billion, benefiting from a gain related to the sale of Innomotics. Earnings per share before purchase price allocation (EPS pre PPA) increased by 52 percent to €4.86.
Siemens' Digital Industries saw a rise in orders by 6 percent due to growth in software and automation businesses, despite an overall revenue decline of 11 percent.
Smart Infrastructure orders reached a record high with a 5 percent increase, driven primarily by growth in electrification business contracts from datacenters and energy customers.
Revenue at Mobility increased by 10 percent, although order intake declined due to lower volumes from major orders compared to Q1 2024.
Siemens will hold its Annual Shareholders’ Meeting virtually today where shareholders will vote on a proposed dividend for fiscal year 2024 set at €5.20 per share, reflecting an increase over the previous year.