Record Order Backlog
The order backlog reached a new record high of EUR 133 billion, with a book-to-bill ratio of 1.45, reflecting strong market demand and effective operational performance.
Significant Revenue Growth
Revenue for the quarter was EUR 10 billion, reflecting a growth of just over 20% compared to the prior year, driven by strong performance across all segments.
Raised Full-Year Guidance
Guidance for the full fiscal year 2025 was raised across all KPIs: growth, margin, net income, and cash flow, reflecting the company's strong performance and market conditions.
Gas Services Expansion
Gas Services reported its highest order intake in history, with orders of EUR 7 billion, more than doubling from the previous year.
Improved Profit Margins
Profit before special items rose to EUR 900 million, with a profit margin of 9.1% for the quarter, an improvement of 700 basis points year-over-year.
Strong Cash Flow
Cash flow of EUR 1.4 billion exceeded expectations, driven by better results, customer payments, and reservation fees, taking cash flow for the first half year to EUR 2.9 billion.
Successful Cost Management
Grid Technologies benefited from significant cost degression and operational improvements, contributing to the overall margin improvement.
Strategic Investments and Partnerships
Siemens Energy entered a partnership with Rolls-Royce for small modular reactors and is expanding production capacities for medium-sized gas turbines.