Q2 2025 Siemens Energy AG Earnings Call Transcript
Key Points
- Siemens Energy AG (SMEGF) reported a strong performance in Q2, leading to an upgrade in full-year guidance across all key performance indicators.
- The company achieved a record order intake of EUR 14.4 billion, reflecting a 52.3% growth compared to the previous year.
- Revenue increased by over 20% to EUR 10 billion, marking the highest quarterly revenue since the company's inception.
- Profit before special items rose significantly to EUR 900 million, with a profit margin of 9.1%, an improvement of 700 basis points year over year.
- Cash flow exceeded expectations, reaching EUR 1.4 billion for the quarter, contributing to a strong balance sheet with EUR 4.7 billion in net cash.
- The global economic outlook remains uncertain due to potential impacts from tariffs imposed by the United States and other countries.
- Siemens Gamesa reported a negative profit of EUR 249 million before special items, although this was an improvement from the previous year.
- The company faces challenges in the US market due to tariffs, which could lead to increased costs and potential project delays.
- Despite strong performance, the company anticipates a high-double-digit million euro impact from tariffs in the second half of the fiscal year.
- There is ongoing uncertainty regarding the conversion of reservation agreements into firm orders, which could impact future revenue.
Ladies and gentlemen, good morning and welcome to the Siemens Energy Q2 fiscal year 2025 analyst 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 Energy 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. (Operator Instructions)
At this time, I would like to turn the call over to your host today, Michael. Please go ahead.
Thank you, (inaudible). Good morning and a warm welcome to the Siemens Energy Q2 analyst call. As always, all documents were released at 7:00 AM on our website. On April 16, 2025, we pre-released our Q2 fiscal year 2025 figures due to a better-than-expected quarterly performance. On this occasion, we also raised our guidance for the full year.
Our President and CEO, Christian Bruch
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