Record Order Intake
Achieved a record-breaking order intake of EUR 16.6 billion, reflecting a 65% increase compared to the previous year, supported by large offshore orders and a strong book-to-bill ratio of 1.7.
Revenue and Profit Growth
Revenue reached EUR 9.7 billion, a 13.5% increase year-over-year. Profit before special items increased to EUR 497 million, with a profit margin of 5.1%, an improvement of 450 basis points year-over-year.
Gas Services and Grid Technologies Strength
Gas Services set a new order record with 86 gas turbines and significant order growth. Grid Technologies showed strong demand, particularly for power transformers, with a profit margin increase to 15.9%.
Siemens Gamesa Offshore Order Success
Secured major offshore wind project orders in Poland, each valued at over EUR 1.5 billion, contributing to a robust order backlog.
Improved Financial Position
Exited Bund guarantees, allowing for potential dividend payments for fiscal year 2025, and maintained a strong balance sheet with a net cash position of EUR 4.4 billion.