Yahoo Finance

• Book-to-Bill Ratio: 1.1, with all businesses at or above 1.

• Order Backlog: EUR117 billion.

• Group Orders: EUR21.6 billion, up 9% year-over-year.

• Revenue Growth: 6% overall, with strong double-digit contributions from Mobility and Smart Infrastructure.

• Industrial Business Profit: EUR3.2 billion.

• Operational Profit Margin: 15.3%, excluding wiring accessories gain.

• Earnings Per Share (EPS) Pre-PPA: EUR3.

• Free Cash Flow in Industrial Business: EUR2.1 billion.

• Digital Industries Orders: EUR4.3 billion, with a book-to-bill of 1.0.

• Smart Infrastructure Revenue Growth: 10%, driven by electrification business up 18%.

• Mobility Revenue Growth: 12%, fueled by strong rolling stock backlog execution.

• Siemens Financial Services Gain: Substantial gain from selling the remaining stake in Bengaluru Airport.

• Free Cash Flow Performance: Materially topped prior year's level in industrial business.

• Severance Charges: Expected in the range of EUR500 million to EUR600 million for fiscal '25.

• Group Revenue Growth Guidance: 3% to 7% for fiscal '25.

• EPS Pre-PPA Guidance: EUR10.40 to EUR11 for fiscal '25.

• Warning! GuruFocus has detected 4 Warning Sign with LTS:0HDJ.

Release Date: May 15, 2025

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Positive Points

• Siemens AG (SIEGY) reported a robust top-line performance with a book-to-bill ratio of 1.1, supported by a high-quality order backlog of EUR117 billion.

• Group orders increased by 9% year-over-year, reaching EUR21.6 billion, driven by strong performances in Mobility and Healthineers.

• Revenue growth was 6%, with significant contributions from Mobility and Smart Infrastructure, particularly in the electrification business.

• The company achieved an operational profit margin of 15.3% in its Industrial business, excluding divestment gains, and generated EUR2.1 billion in free cash flow.

• Siemens AG (SIEGY) confirmed its group outlook for fiscal year 2025, despite rising macroeconomic and geopolitical uncertainties, and continues to focus on innovation and customer-centric growth strategies.

Negative Points

• Investment sentiment in core industries such as automotive and machine building remains soft, particularly in export-driven markets like Germany.

• The software business experienced a modest decline due to fewer large orders in the EDA segment, impacting overall revenue growth.

• Rising tariffs and trade tensions pose risks to further recovery in important customer industries, affecting investment sentiment.

• Siemens Healthineers faced significant headwinds on profits, with expected impacts of EUR200 million to EUR300 million.

• The company anticipates material severance charges in the second half of fiscal 2025, which could weigh on profit margins.