Siemens Energy reports record €131 bln order backlog amid strong revenue growth By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 12 2025
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Source: Investing.com
Record Order Backlog and Financial Performance: Siemens Energy reported a record-high order backlog of €131 billion, with first-quarter revenue rising 18.4% to €8.9 billion despite a 10.2% decline in new orders year-over-year. The company also saw a significant improvement in free cash flow, reaching €1.53 billion.
Challenges in Wind Energy Sector: While Siemens Energy maintains a positive outlook for overall market conditions and aims for an 8% to 10% revenue growth in fiscal 2025, it continues to face challenges in its wind energy segment, particularly with Siemens Gamesa, which it aims to stabilize by fiscal 2026.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
