Siemens Reported Strong Fiscal Q3 Results

Siemens continued its successful growth trajectory in its third fiscal quarter of FY 2025, with robust results and achieved growth in nearly all key performance indicators. For this reason, the company confirms its outlook for fiscal 2025, excluding effects related to Altair and Dotmatics, which were successfully acquired ahead of schedule, and excluding the gain from the sale of Innomotics.

“Our third-quarter performance demonstrates that Siemens is delivering robust results despite the volatile global market. We’re posting sustained growth momentum in orders, revenue, and net income. Digitalization and sustainability continue to be our growth drivers. In addition, with the closing of our acquisition of Dotmatics, we’re opening up new markets in life sciences and are combining scientific intelligence with our industrial AI technologies,” said Roland Busch, President and CEO of Siemens.

“In the third quarter, we posted an excellent €2.9 billion in free cash flow, and we are again aiming to achieve a double-digit free-cash-flow return for the full fiscal year. Looking ahead, we remain highly confident that we will deliver sustainable and profitable growth. We confirm our outlook for fiscal 2025,” said Ralf P. Thomas, Siemens CFO.

In Q3, Siemens increased orders 28 percent on a comparable basis to €24.7 billion. Revenue totaled €19.4 billion, a 5 percent increase year-over-year on a comparable basis. The book-to-bill ratio totaled 1.28, as the order backlog at the end of Q3 was €117 billion. Profit Industrial Business declined 7 percent to €2.8 billion due to a sharp decline in profit at Digital Industries after an exceptionally strong profit at the software business in the prior-year quarter. At all other industrial businesses, profit and profitability increased. The profit margin of the Industrial Business was 14.9 percent.

Net income climbed 5 percent to €2.2 billion, benefiting, among other things, from a €0.2 billion gain from the closing of the sale of part of the airport logistics business. Corresponding basic earnings per share before purchase price allocation accounting were €2.78 and thus 5 percent higher than in the prior-year quarter. Free cash flow all-in at the Group level from continuing and discontinued operations totaled €2.9 billion. Free cash flow at the Industrial Business increased significantly from €2.5 billion to €3.0 billion, including improvements at all industrial businesses.