Growth and Revenue Forecast
Siemens Energy has significantly raised its expectations for the ongoing fiscal year 2024/25 after a strong second business quarter. The energy technology company now anticipates comparable revenue growth of 13 to 15 percent, compared to the previous forecast of 8 to 10 percent.
Results and Margin
The earnings margin before special effects is now projected at 4 to 6 percent, up from the previously planned 3 to 5 percent. After taxes, Siemens Energy aims for a corrected profit of up to one billion euros—a notable improvement over the previous target of “around break-even.”
Free Cash Flow
The forecast for free cash flow before taxes has been updated to around four billion euros. This positive development promises financial stability and room for future investments.
Quarterly Figures in Detail (Q2)
- Order intake rose by 52.3% to approximately 14.433 billion euros, significantly above market expectations of 12.485 billion euros.
- Revenue grew by around 20.7% to nearly ten billion euros, again above market expectations.
- The result before special effects rose significantly to about 906 million euros, up from only 170 million the previous year. The margin increased from just over two percent to over nine percent.
- Free cash flow before taxes increased to approximately 1.39 billion euros, compared to 483 million the previous year.
These impressive numbers were well above analysts’ expectations.
Stock Price Development
Following the release of quarterly figures, the Siemens Energy stock rose by more than four percent at one point—a clear signal of market confidence in the positive development of the company.
Outlook
The full quarterly figures will be published on May 8, and it is expected that Siemens Energy will announce its medium-term goals as part of the annual figures. In summary, the strong second quarter indicates both robust operational performance and a more optimistic outlook for the entire year 2024/25—attractive factors for investors.