Siemens Energy AG

Strong Growth Performance: Siemens Energy reported a 52.3% year-over-year increase in booked orders in Q2 FY 2025, totaling EUR 14.4 billion, predominantly driven by Gas Services, which recorded its highest order intake in history. Revenue for the quarter reached EUR 10 billion, reflecting a growth of over 20% from the previous year, indicating robust demand across all segments.

Guidance Adjustment: Due to the favorable performance, Siemens Energy has raised its fiscal year 2025 guidance across all key performance indicators (KPIs). They now expect revenue growth between 13% to 15%, up from the previous 8% to 10%, with a profit margin improvement target of 4% to 6%. Net income is projected to reach up to EUR 1 billion, significantly higher than earlier breakeven expectations.

Challenges from Tariffs: While the underlying market demand remains strong, the company acknowledges increased uncertainty in the global economy due to potential tariffs from the U.S. and other countries. They expect a limited direct profit impact of up to a high double-digit million euros, but are confident in their mitigation measures, including local sourcing and contractual protections.