Siemens Reports Growth in Revenue and Profits in Q1

In its first fiscal quarter of 2025, Siemens reported a revenue increase and a decline in orders. However, orders in the digital industries sector, smart infrastructure, and mobility recorded growth.

The company's revenue increased 3% on a comparable basis to €18.4 billion. Orders totaled €20.1 billion, an 8% decline. The book-to-bill ratio was a strong 1.09. The order backlog at the end of 1Q25 was at a record level of €118 billion. Profit Industrial Business totaled €2.5 billion, a decline of 8%. The profit margin of the Industrial Business was 14.1%.

“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.

Net income soared 52% to €3.9 billion, benefiting from a gain of €2.1 billion after tax from the sale of Innomotics. At €4.86, basic earnings per share were 52% higher than in the prior-year quarter. Excluding €2.64 per share related to the sale of Innomotics, EPS pre-PPA totaled €2.22. Free cash flow reached €1.6 billion. This increase of €600 million was due primarily to the strong increase to €1.7 billion in free cash flow at the Industrial Business.

“With free cash flow of €1.6 billion, we have significantly exceeded the prior-year performance and created an excellent foundation for a successful fiscal 2025. Proceeds of €3.1 billion from the sale of Innomotics further contribute to our position of financial strength, and we will continue to focus on execution excellence to create long-term value for our shareholders. For fiscal 2025, we confirm our outlook,” said Ralf P. Thomas, Chief Financial Officer of Siemens.