Overview
- Siemens Energy posted Q1 net profit of €746 million, with adjusted EBIT rising to €1.16 billion for a 12% margin that exceeds the annual target range.
- Order intake at Siemens Energy climbed about one third to €17.6 billion, lifting the backlog to a record €146 billion on strong demand for gas turbines and grid technology, with notable contributions from the U.S.
- The wind unit Siemens Gamesa remained loss‑making with a €221 million deficit and saw orders fall roughly a third to about €1.6 billion, keeping the business a key risk.
- Management highlighted early ordering and capacity expansion to meet demand, including roughly $1 billion announced for U.S. facilities, with additional investments concentrated in Europe.
- Parent Siemens reported Q1 profit of €2.22 billion, raised its EPS outlook to €10.70–€11.10, cited strength in Smart Infrastructure and a rebound in Digital Industries, and its shares jumped enough to overtake SAP as the DAX’s most valuable company.