Result period: until March 31, 2025
- **Turnover** €10.0 billion (+20.7% YoY)
- **Net profit** €501 million (previous year: €108 million)
- **Free cash flow (before taxes):** €1.39 billion
- **Order backlog** Record high at €133 billion
*CEO Christian Bruch:*
"The strong business performance shows how great the demand for reliable energy infrastructure is. Our full order books give us a tailwind for the rest of the year."_
**🌱 Turnover & growth**
- Turnover: €10.0 billion (+20.7% YoY)
- Incoming orders: €14.4 billion (+50% YoY)
- Order backlog: €133 billion (record high)
- Top divisions: 🔥 Gas Services & ⚡ Grid Technology
**💰 Profitability & balance sheet**
- Adjusted EBITA: €906 million (previous year: €170 million)
- Net profit: €501 million
- Free cash flow (before taxes): €1.39 billion
- Operating margin (before special items): expected at 4-6%
**📌 Highlights**
- One of the best quarters in the company's history
- Gas Services: Major orders & stable service business
- Grid Technology: strong project execution & timing
- Siemens Gamesa: losses continue, but offshore sales growth
- New launch of 5.X onshore turbine in 2025
- US tariffs: limited burden (~high double-digit million € amount)
**🔮 Outlook**
- Sales growth: 13-15% (old: 8-10%)
- Net profit target: up to €1 billion
- Free cash flow target (before taxes): ~€4 bn.
- Siemens Gamesa: expected to be in the black by FY 2026