Following a strong second quarter, Siemens Energy raises its outlook
“Our strong market momentum continues despite geopolitical uncertainty, leading to another exceptionally strong quarter and first half of the fiscal year. Our raised outlook reflects our confidence that these developments will continue, as well as in our resilience and project execution”, says Christian Bruch, President and CEO of Siemens Energy AG.
- Siemens Energy delivered record order levels, driven in particular by strong demand in the U.S., resulting in a record order backlog and broad-based improvements across all key performance indicators compared with the prior‑year quarter.
- Siemens Energy achieved a new all‑time high in orders of €17.7bn driven by another record level of orders at Gas Services and a sharp increase in Grid Technologies year-over-year. Book‑to‑bill ratio (ratio of orders to revenue) was 1.72, and order backlog reached €154bn for the quarter.
- On a comparable basis (excluding currency translation and portfolio effects), revenue increased by 8.9% year‑over‑year to €10.3bn, supported by all segments.
- Profit before Special items rose substantially year‑over-year to €1,164m (Q2 FY 2025: €906m), mainly due to the profit improvement at Siemens Gamesa. Special items amounted to negative €55m (Q2 FY 2025: negative €291m). Siemens Energy’s Profit came in at €1,109m (Q2 FY 2025: €615m).
- Net income also increased sharply to €835m (Q2 FY 2025: €501m). Corresponding basic earnings per share amounted to €0.89 (Q2 FY 2025: €0.50).
- Free cash flow pre tax increased to €1,975m (Q2 FY 2025: €1,390m). The sharp increase followed the profit improvement and was also strongly supported by customer advance payments related to the high level of orders.
- Based on the positive business development, Siemens Energy raised its outlook for fiscal year 2026. Siemens Energy now expects for the Group to achieve comparable revenue growth in a range of 14% to 16% and a Profit margin before Special items between 10% and 12%. Siemens Energy now expects a Net income of around €4bn. Also, the outlook for Free cash flow pre tax for the fiscal year 2026 was raised to around €8bn.
