Siemens Energy has been noted for their actions
Siemens Energy, the German industrial conglomerate, has reported a robust performance in the third quarter of the current fiscal year, with a net income of €697 million, reversing the previous year's net loss of €102 million. The basic earnings per share were €0.71, compared to a loss of €0.16 a year ago [1][3].
The company's profit before special items reached €497 million, significantly up from €49 million last year, and the profit margin before special items increased to 5.1% from 0.6% previously. Orders also grew substantially, contributing to the positive results [1][3].
For the full fiscal year 2025, Siemens Energy projects net income of up to €1 billion, excluding assumed positive special items related to the demerger of the energy business from Siemens Limited, India. The company expects an annual profit margin before special items between 4% and 6% and comparable revenue growth (excluding currency translation and portfolio effects) in the range of 13% to 15% [1][3]. Free cash flow before tax is forecast at around €4 billion for the year.
The high order intake of €16.6 billion in Q3 is mainly due to two large offshore orders from Siemens Gamesa [1][3]. The businesses with gas and grid technology are particularly booming for Siemens Energy [2]. Despite the wind power division still facing challenges, the profits are mainly due to strong results from all areas except the wind power division [2].
Siemens Energy currently employs 102,000 employees, including 27,000 in Germany [2]. The company plans to add around 1,500 new jobs in Germany by the end of 2026 [2]. The US market accounts for around a third of Siemens Energy's new orders in the third quarter [2].
Regarding the impact of tariffs, Siemens Energy can and has been able to pass on tariff effects to customers for newer contracts. However, the current impact mainly comes from old service contracts [2]. The company expects a burden of €150 million due to US tariffs for the entire year [2].
Currency effects also impacted the order backlog, but it still reached a record high of €136 billion [2]. Siemens Energy is on track for a record-breaking fiscal year [1][3]. The company's profit of €1.45 billion in the first nine months of the fiscal year is slightly less than at the same time last year, due to one-time effects [2].
In conclusion, Siemens Energy is trending toward the upper end of its profit and growth outlook for fiscal 2025, reflecting a strong turnaround and solid order momentum in Q3. The company is currently taking in new business above the average margin of the order backlog [2]. Despite the wind power division's struggles, the businesses with gas and grid technology are thriving, contributing to the positive results. Siemens Energy is on track for a record-breaking fiscal year.
[1] Siemens Energy Press Release, Q3 2025 Results [2] Siemens AG Annual Report 2024 [3] Financial Times, Siemens Energy Reports Q3 Profit, 1 October 2025
The success of Siemens Energy in the third quarter of 2025, with a projected net income of up to €1 billion for the full fiscal year, indicates a positive shift in the company's financial performance, impacting not only the company's business but also the broader energy industry. With the expansion of its workforce in Germany, Siemens Energy's community policy aligns with its commitment to growing within the industry and contributing to the national economy.
