Q1 2025 Siemens AG Earnings Call Transcript
Key Points
- Siemens AG (SIEGY) reported a solid start to fiscal year 2025 with a book-to-bill ratio of 1.09, indicating strong demand and a record-high order backlog of EUR118 billion.
- The company achieved a solid profit of EUR2.5 billion in its Industrial business, surpassing market expectations.
- Siemens AG (SIEGY) is making significant progress in sustainability, with offerings sold in fiscal 2024 expected to avoid around 144 million tons of greenhouse gas emissions.
- The company is successfully transitioning its DI software business towards Software-as-a-Service, with ARR growth reaching 14% over the prior year.
- Siemens AG (SIEGY) continues to strengthen its leadership in industrial AI, with strong traction in bringing real-world impact for customers and launching new AI products at CES.
- Group orders were 8% below the prior year, with a notable decline in Mobility orders due to less volume from large contracts.
- The Automation business faced challenges with revenue substantially lower due to continued destocking, particularly in China.
- Economic activity remains sluggish in key regions, with Europe lacking momentum and Germany still in crisis mode.
- The company faces macroeconomic uncertainties, including high volatility from political decisions around tariff regimes.
- Siemens AG (SIEGY) anticipates a challenging first half of fiscal 2025 for Digital Industries, with revenue expected to be down high single digits in the second quarter.
Good morning, ladies and gentlemen, and welcome to the Siemens 2025 first-quarter conference call. As a reminder, this call is being recorded. Before we begin, I would like to draw your attention to the safe harbor statement on page 2 of the Siemens presentation. This conference call may include forward-looking statements. These statements are based on the company's current expectations and certain assumptions and are, therefore, subject to certain risks and uncertainties.
At this time, I would like to turn the conference over to your host today, Mr. Tobias Atzler, Head of Investor Relations. Please go ahead, sir.
Good morning, ladies and gentlemen, and welcome to our Q1 conference call. All Q1 documents were released this morning and can be found also on our IR website. I'm here today with our CEO, Roland Busch; and our CFO, Ralf Thomas, who will review the Q1 results. After the presentation, we will have time for Q&A. Please be aware that the virtual Siemens AGM starts right after this call,
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
