Siemens Energy – Earnings Release Q4 FY 2024

Munich, Germany, November 13, 2024 – Siemens Energy today announced its preliminary results for the fourth quarter of fiscal year 2024 that ended September 30, 2024.

Siemens Energy achieves all annual goals and sets new targets for 2028

Q4 Fiscal Year 2024 

• Siemens Energy’s markets continued to develop favorably. This was reflected in strong order intake. In combination with an excellent operational performance the quarterly figures were strong at both the top and the bottom line.
• Orders of Siemens Energy came in at €15.0bn growing by 42.3% on a comparable basis (excluding currency translation and portfolio effects), which was mainly driven by large orders at Grid Technologies and Gas Services. Transformation of Industry reached its highest order intake in a quarter to date and Siemens Gamesa booked orders close to prior-year quarter’s level. Book-to-bill ratio (ratio of orders to revenue) was 1.54, leading to an order backlog of €123bn at year-end once more exceeding the previous high.
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