Siemens Energy AG: Siemens Energy AG announces preliminary results for the first quarter of fiscal year 2025

Strong start to fiscal year 2025, in particular greater than expected Free Cash Flow pre tax

Munich (pta029/27.01.2025/19:40 UTC+1)

Siemens Energy had a strong start to fiscal year 2025 and generated a greater than expected Free Cash Flow pre tax. As a result, Siemens Energy now expects to exceed the current Free Cash Flow pre tax guidance for fiscal year 2025 of up to €1bn and therefore intends to update the Free Cash Flow pre tax guidance with the half-year results for fiscal year 2025.

Siemens Energy AG will publish its full earnings release for the first quarter of fiscal year 2025 on February 12, 2025.

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For the first quarter of fiscal year 2025 the preliminary results are:*

Siemens Energy

Order intake: €13,668m (Q1 FY2024: €15,381m; consensus: €12,756m), down 10.2% comparable

Revenue: €8,942m (Q1 FY2024: €7,649m; consensus: €8,492m), up 18.4% comparable

Profit: €463m (Q1 FY2024 (including book gains from disposals): €1,878m; consensus: €373m)

Profit before Special Items: €481m (Q1 FY2024: €208m; consensus: €407m), reflecting a margin of 5.4% (Q1 FY2024: 2.7%; consensus: 4.8%)

Free cash flow pre tax: €1,528m (Q1 FY2024: neg. €283m)

Gas Services

Order intake: €5,009m (Q1 FY2024: €4,096m; consensus: €4,160m), up 24.6% comparable

Revenue: €2,823m (Q1 FY2024: €2,670m; consensus: €2,811m), up 5.9% comparable

Profit before Special Items: €412m (Q1 FY2024: €313m; consensus: €370m), reflecting a margin of 14.6% (Q1 FY2024: 11.7%; consensus: 13.2%)

Free cash flow pre tax: €809m (Q1 FY2024: €236m)

Grid Technologies

Order intake: €5,117m (Q1 FY2024: €8,236m; consensus: €5,152m), down 36.5% comparable

Revenue: €2,480m (Q1 FY2024: €2,082m; consensus: €2,545m), up 24.0% comparable

Profit before Special Items: €309m (Q1 FY2024: €213m; consensus: €282m), reflecting a margin of 12.5% (Q1 FY2024: 10.2%; consensus: 11.1%)

Free cash flow pre tax: €1,253m (Q1 FY2024: €767m)

Transformation of Industry

Order intake: €1,453m (Q1 FY2024: €1,638m; consensus: €1,531m), down 11.3% comparable

Revenue: €1,337m (Q1 FY2024: €1,140m; consensus: €1,293m), up 17.9% comparable

Profit before Special Items: €157m (Q1 FY2024: €105m; consensus: €132m), reflecting a margin of 11.8% (Q1 FY2024: 9.2%; consensus: 10.2%)

Free cash flow pre tax: €313m (Q1 FY2024: €95m)

Siemens Gamesa:

Order intake: €2,435m (Q1 FY2024: €1,565m; consensus: €2,065m), up 51.9% comparable

Revenue: €2,418m (Q1 FY2024: €2,043m; consensus: €2,039m), up 18.4% comparable

Profit before Special Items: neg. €374m (Q1 FY2024: neg. €424m; consensus: neg. €361m), reflecting a margin of neg. 15.5% (Q1 FY2024: neg. 20.8%; consensus: neg. 17.7%)

Free cash flow pre tax: neg. €568m (Q1 FY2024: neg. €1,150m)

* Prior-year figures are presented on a comparable basis.

Explanations of financial measures used can be found in the Annual Report 2024 of Siemens Energy AG (available at www.siemens-energy.com/annual-report-2024), in particular in Section 2.2.

Siemens Energy AG is also guarantor for the mandatory convertible bond with ISIN DE000A3K81W7 and the bonds with ISIN XS2601458602 and XS2601459162.

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Emitter:	Siemens Energy AG Otto-Hahn-Ring 6 81739 München Germany
Contact Person:	Investor Relations
Phone:	+49 89 207084040
E-Mail:	investorrelations@siemens-energy.com
Website:	www.siemens-energy.com
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