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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Should l Buy ?
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.
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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.
